Canacol Energy not in talks with Ecopetrol over gas assets, chief executive says

The Edge Singapore
Singtel's FY2024 earnings down 64% y-o-y to $795 mil, boosts full year dividend to 15 cents; announces new growth plan
Singtel is increasing dividend for the third year
Yahoo Finance
'Demand is just so strong': Nvidia CEO Jensen Huang tells Yahoo Finance supply can't keep up
Nvidia's quarterly results blew away estimates again on Wednesday, and as the company moves to its next-generation chips its CEO sees supply, not demand, serving as its biggest challenge.
The Smart Investor
4 Singapore Stocks That Raised Their Dividends
We highlight four stocks that recently upped their dividends. The post 4 Singapore Stocks That Raised Their Dividends appeared first on The Smart Investor.
Reuters
Hedge funds buy Chinese stocks for fourth consecutive week
Global hedge funds added to their holdings of Chinese equities for a fourth straight week, joining hordes of investors trying to get ahead of a rebound in the market. Hedge funds bought Chinese stocks in the past seven out of eight weeks, Goldman Sachs prime brokerage team said in a note on Friday, seen by Reuters on Tuesday. China markets have unexpectedly outperformed world's major markets so far this year with Hong Kong's Hang Seng Index up by a third from its nadir in January.
AFP News
Nvidia profits soar on demand for AI power
Nvidia said Wednesday its quarterly net profit rocketed by seven times year-on-year on demand for its chips to power artificial intelligence in data centers.The California-based company reported a net profit of $14.9 billion, while its revenue of $26 billion was almost four times what it took in during the same fiscal quarter last year.
The Independent
Trump Media stock slumps after reporting $327.6m first quarter loss, costing former president more than $766m
Company says losses are result of recent merger but share price has dropped 13.2% since Friday
GOBankingRates
If You Invested $20,000 in These Companies 20 Years Ago, You Would Be a Millionaire Now
Making a million dollars is no easy task if you're starting from scratch. It's going to take some combination of time, luck and work. Sometimes, though, if you're starting with some money, you can let...
The Independent
Michigan man who had seizure on Royal Caribbean cruise forced to pay $2500 bill before evacuating
Vincent Wasney returned home from cruise in thousands of dollars of medical debt
Reuters
Canada's Power Corp shuts down China unit, lays off staff, sources say
Power Corporation of Canada (Power Corp) has shut its China investment unit and dismissed all staff, said two people briefed on the matter, becoming the latest Western financial firm to pull back amid the country's economic challenges. Power Sustainable, which is the asset management arm of Power Corp and manages $4.5 billion of assets globally, started laying off all of its 17 local staff in recent weeks as it moved towards shutting down the Shanghai-based unit, said the people. Economic slowdown has seen many of the Western financial firms that scrambled to expand China operations a few years ago take a hit on their earnings and rein in their ambitions for what was a key piece of their global growth strategy.
Reuters
Gold prices drift lower on hawkish Fed minutes
Gold prices fell for a third straight session on Thursday after minutes from the most recent Federal Reserve meeting indicated that some officials were inclined to raise interest rates. Spot gold fell 0.3% at $2,370.74 per ounce, as of 0335 GMT, after falling more than 1% in the previous session. "Gold did take a bruising after the Fed minutes reminded investors that interest rate cuts are far from imminent," said Tim Waterer, chief market analyst at KCM Trade.
Reuters
Dollar hovers near one-week high on hawkish Fed minutes; kiwi firm
TOKYO (Reuters) -The dollar hovered near a one-week high on Thursday following its best day this month against its major peers after minutes of the last Federal Reserve meeting revealed a willingness to raise interest rates among some officials. The New Zealand dollar continued its climb as an unexpected rise in local retail sales added to hawkish guidance from the central bank a day earlier to push back bets for rate cuts. Fed officials at their April 30-May 1 session indicated they still had faith that price pressures would ease, if only slowly, but the meeting summary also reflected discussion of possible tightening.
Reuters
Fed shifts talk to 'scenarios' as policy grows less certain
Federal Reserve Chair Jerome Powell said in a May 1 press conference he didn't want to talk about economic "hypotheticals," but that's what he and other U.S. central bank officials have shifted towards in discussing monetary policy that has hit an uncertain juncture in the effort to tame inflation. Dropping what had been explicit guidance about the likelihood of interest rate cuts this year, Powell and other Fed officials are instead focusing attention on broadly different near-term paths the economy might follow, and their likely reaction to each case. Former Fed officials and staffers with experience attending meetings of the policy-setting Federal Open Market Committee say that's a sign of just how uncertain policymakers feel right now and is meant to shift attention from the detailed economic and policy projections they produce each quarter and onto a wider array of potential outcomes.
AFP News
US Fed's rate meeting minutes show growing inflation concerns
A strong US economy and an uptick in inflation led the Federal Reserve's rate-setting committee to conclude that progress against rising prices had stalled, according to minutes of its most recent meeting published Wednesday.The minutes of the two-day Federal Open Market Committee (FOMC) meeting show that policymakers generally felt that "recent data had not increased their confidence that inflation was moving sustainably toward two percent."
Simply Wall St.
Sea Limited's (NYSE:SE) one-year returns climbed after last week's 13% gain, institutional investors must be happy
Key Insights Given the large stake in the stock by institutions, Sea's stock price might be vulnerable to their trading...
Insider Monkey
Billionaire Ray Dalio is Selling These Tech Stocks in 2024
When billionaire Ray Dalio left his empire Bridgewater Associates in 2022, the inflation storm and economic uncertainties were pummeling the financial markets. While the fund had started 2022 on a positive note, its returns came crashing down it the last quarter of the year. According to a Bloomberg report, The Pure Alpha fund of Bridgewater […]
GOBankingRates
First Year of Retirement: 7 Money Moves You Absolutely Must Make
If you're nearing retirement age or freshly retired, it's critical to understand how to manage your financial life, and how it differs from when you were making a salary. For You: 7 Bills You Never...
Reuters
India's gold imports seen falling as record price prompts jewellery swaps
India's gold imports in 2024 could fall by nearly a fifth from the previous year, as record high prices spur retail consumers to exchange old jewellery for new items, the head of an industry body told Reuters. Lower imports by India, the world's second biggest consumer of the precious metal, could cap a rally that carried global prices to a record this week. "Affordability is severely affected by the rapid price increase," said Prithviraj Kothari, president of the India Bullion and Jewellers Association (IBJA).
Reuters
Asia stocks ease as central banks play game of patience
Geopolitical tensions were also at the forefront of investors' minds as China's military started two days of "punishment" drills held in five areas around Taiwan just days after new Taiwan President Lai Ching-te took office. In the broader market, MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.26%, while Australia's S&P/ASX 200 index lost 0.5%, also hurt by a pullback in some commodity prices. "One thing that's interesting from the last 24 hours that can be taken away is still the uncertainty from central banks about policy settings and at what levels interest rates have to be at, and where they need to potentially stay at, in order to tame inflation," said Kyle Rodda, senior financial market analyst at Capital.com.
Simply Wall St.
Exploring SGX Dividend Stocks With DBS Group Holdings And Two Others
As global markets navigate through technological advancements and heightened cybersecurity measures, the Singapore Exchange (SGX) remains a focal point for investors looking for stability and potential growth. Amidst these evolving dynamics, dividend stocks like DBS Group Holdings offer a particular appeal due to their potential for regular income and relative resilience in fluctuating markets.
Barrons.com
XPeng Stock Jumps on Earnings. There’s Hope for China EVs.
XPeng stock rose Tuesday after the Chinese electric-vehicle maker reported better-than-expected first-quarter numbers. A year ago, XPeng reported a per-share loss of 38 cents on sales of $573 million. Quarterly gross profit margins were about 13%, up about 11 percentage points year over year and about two percentage points better than analysts’ forecasts.

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Canacol Energy not in talks with Ecopetrol over gas assets, chief executive says

Latest stories

Singtel's FY2024 earnings down 64% y-o-y to $795 mil, boosts full year dividend to 15 cents; announces new growth plan

'Demand is just so strong': Nvidia CEO Jensen Huang tells Yahoo Finance supply can't keep up

4 Singapore Stocks That Raised Their Dividends

Hedge funds buy Chinese stocks for fourth consecutive week

Nvidia profits soar on demand for AI power

Trump Media stock slumps after reporting $327.6m first quarter loss, costing former president more than $766m

If You Invested $20,000 in These Companies 20 Years Ago, You Would Be a Millionaire Now

Michigan man who had seizure on Royal Caribbean cruise forced to pay $2500 bill before evacuating

Canada's Power Corp shuts down China unit, lays off staff, sources say

Gold prices drift lower on hawkish Fed minutes

Dollar hovers near one-week high on hawkish Fed minutes; kiwi firm

Fed shifts talk to 'scenarios' as policy grows less certain

US Fed's rate meeting minutes show growing inflation concerns

Sea Limited's (NYSE:SE) one-year returns climbed after last week's 13% gain, institutional investors must be happy

Billionaire Ray Dalio is Selling These Tech Stocks in 2024

First Year of Retirement: 7 Money Moves You Absolutely Must Make

India's gold imports seen falling as record price prompts jewellery swaps

Asia stocks ease as central banks play game of patience

Exploring SGX Dividend Stocks With DBS Group Holdings And Two Others

XPeng Stock Jumps on Earnings. There’s Hope for China EVs.