NEW YORK (Reuters) – CI Investments Inc [CIXCI.UL] slightly boosted its holdings in the world’s largest gold-backed exchange-traded fund in the course of the third quarter, a U.S. Securities and Exchange Commission 13F filing confirmed on Friday. The funding arm of Toronto-based CI Financial Corp elevated its holdings in SPDR Gold Trust to 2.85 million […]
NEW YORK (Reuters) – Berkshire Hathaway Inc, the conglomerate run by billionaire Warren Buffett, on Saturday stated its quarterly working revenue doubled as its insurance coverage enterprise dodged hurricanes and benefited from decrease taxes. FILE PHOTO: Warren Buffett, CEO of Berkshire Hathaway Inc, pauses whereas enjoying bridge as a part of the corporate annual assembly […]
U.S. shares edged upward on Friday, the final buying and selling day of September, as buyers sorted by means of a batch of financial knowledge that painted a combined image of the financial system. Major indexes have been principally set for every week of strong losses although they’ve carried out properly over for the month […]
The second-quarter earnings season has largely been constructive for the U.S. inventory market, a couple of high-profile disappointments apart. But more and more, buyers are wanting for affirmation that the first half of the yr gained’t symbolize a peak for the cycle. With the season greater than half over, buyers have begun to look previous […]
ZURICH (Reuters) – Credit Suisse delivered its best quarterly outcomes on Wednesday since Chief Executive Tidjane Thiam launched his restructuring plan for Switzerland’s second-biggest financial institution in 2016, pushed by its wealth administration enterprise. After 6.6 billion Swiss francs ($6.7 billion) of losses in 2015 and 2016, and an enormous tax writedown that worn out […]
BOSTON (Reuters) – Billionaire investor David Einhorn stated on Tuesday he misplaced some huge cash in the first three months of 2018 and has no prepared rationalization for the loss, however is certain his portfolio can recuperate over time. Greenlight Capital, one of many hedge fund business’s most intently watched companies, misplaced 13.6 percent to […]
Exchange-traded funds that monitor U.S. Treasurys have struggled so far in 2018, with buyers retreating from the sector—notably bonds with longer durations—as fears over inflation and greater charges have returned to the market. The fund with the longest-dated securities, the iShares 20+ Year Treasury Bond ETF […]
German media firm ProSiebenSat.1 Media SE (PSM.XE) stated Thursday that profit in the fourth quarter fell regardless of recording elevated income. Net profit from persevering with actions for the interval was 167 million euros ($205.7 million), down four% from EUR174 million a yr earlier. Revenue rose 5.6% to EUR1.32 billion, bolstered by promoting income at […]
SOURCE: Commodities – Read whole story here.
SOURCE: Commodities – Read complete story here.