ZURICH, Feb 6 (Reuters) – Swiss bank Vontobel (VONN.S), opens new tab on Friday posted a net profit of 280 million Swiss francs ($361 million) for 2025, up 5% year on year, and beating a company-provided consensus forecast of 242 million francs. Net new money totalled 4.2 billion Swiss francs, with the private client segment contributing 5.8 … Read more
Shares of automaker Stellantis plunged 23% in European trading on Friday, after the company said it expects to take a 22-billion-euro ($26 billion) hit from a business reset and hinted at a pull-back from its electrification push. By 10:30 a.m. in Milan, the company’s Italian shares were 22.9% lower. In premarket trading on Wall Street, the transatlantic … Read more
SINGAPORE, Feb 6 (Reuters) – Bitcoin made a 16-month low and tested key $60,000 support on Friday, as a global selloff in technology stocks deepened and washed out risky bets across asset classes. The world’s largest cryptocurrency was last up 1.64% at $64,153.24 in volatile trade, swinging between gains and losses after having hit a … Read more
Gold prices on Friday edged lower as renewed selling pressure and heightened volatility returned to markets. The spot price of gold on the international market was trading at $4,773 per ounce on February 6 (02:04 GMT), representing a 2.38 percent loss from the previous close. The metal’s futures price on MCX closed the Thursday session at … Read more
The world’s most famous cryptocurrency has now lost half its value from its October peak, falling below $63,000 Thursday for the first time in 16 months. That decline is actually not unusual at all. Crypto is notoriously volatile, and it’s gone through numerous crashes that are bigger than this one. What’s strange is this: Bitcoin’s four-month … Read more
The U.S. on Wednesday unveiled new initiatives to mobilize allies into a preferential trade bloc for critical minerals, including coordinated price floors as Washington works to counter China’s dominance in the market vital for technology and defense. The plans were discussed at a “Critical Minerals Ministerial” in Washington this week that included representatives from 54 countries, the … Read more
British oil major Shell on Thursday reported its weakest quarterly profit in nearly five years, amid a weaker crude price environment and unfavorable tax adjustments in the fourth quarter. Shell posted adjusted earnings of $3.26 billion for the quarter, missing analyst expectations of $3.53 billion, according to an LSEG-compiled consensus. A separate, company-provided analyst forecast had put Shell’s expected … Read more
Bitcoin nearly touched the $72,000 mark on Wednesday, marking the second straight day of its massive retreat this week. The world’s oldest cryptocurrency sank as low as $72,096.20, plunging more than 5% on the day. It was last trading at $72,958.38, down about 4% on the day. Bitcoin is currently more than 40% off its record … Read more
Silver fell sharply, wiping out a two-day recovery, as the white metal struggled to find a floor following a historic market rout. Gold also declined. Spot silver plunged as much as 17% on Thursday, having flickered briefly above $90 an ounce in early Asian trading. After a record-breaking rally that appeared to run too far, … Read more
Sony on Thursday reported a rise in operating profit that beat expectations, supported by favorable foreign exchange rates despite surging memory chip costs. Here are Sony’s December quarter results compared with LSEG SmartEstimates, which are weighted toward forecasts from analysts who are more consistently accurate: Operating profit jumped 22% from a year earlier, rebounding from a … Read more