COPENHAGEN (Reuters) - Ikano Bank on Tuesday said IKEA stores owner Ingka Group has agreed to buy the remaining 51% stake in the bank.
Ingka Group in February 2021 bought a 49% stake in Ikano Bank to boost its services offerings.
(Reporting by Louise Breusch Rasmussen, editing by Anna Ringstrom)
As the Singapore market shows signs of robust activity, with innovative companies like Currensea successfully raising significant funds through crowdfunding, it highlights a growing investor confidence and interest in diverse sectors. In this context, identifying stocks that are potentially trading below their intrinsic value could offer attractive opportunities for investors looking to capitalize on current market conditions.
Here are four stocks with recent corporate developments or catalysts that investors can look out for. The post 4 Singapore Stocks to Watch for in July appeared first on The Smart Investor.
These four stocks are hitting their 52-week highs but should they be included in your investment portfolio? The post 4 Singapore Stocks Smashing New 52-Week Highs This Year: Should They Be in Your Portfolio? appeared first on The Smart Investor.
The launch of Nvidia's Blackwell chips will test the ability of its suppliers and customers to deal with the infrastructure challenges associated with even more powerful chips.
Dividend-paying stocks are often sought after for their potential to provide a steady income stream. However, it's crucial to examine the sustainability of these dividends. Companies like Metro Holdings, with high payout ratios, may indicate that their dividends could be at risk, making them less attractive for long-term investment stability.
Political turmoil in France gripped investors weighing whether stocks can build on their stellar first-half performance.
Just months before his passing at the ripe old age of 99, Charlie Munger, the ever-sharp vice chairman of Berkshire Hathaway, shared some valuable insights with the public. During the 2023 Daily Journal shareholder meeting, Munger responded to a question from CNBC's Becky Quick about the trend of large companies, including Meta, opting for self-insurance against various liabilities. Quickly inquired about the potential systemic issues this trend could cause and sought Munger's thoughts. Don't Mi
Former president Donald Trump recently suggested that he is considering instituting a policy of tariffs that would lead to the elimination of the federal income tax. Check Out: Trump-Era Tax Cuts Are...
A U.S. stock rally supercharged by excitement over artificial intelligence is drawing comparisons with the dotcom bubble two decades ago, raising the question of whether prices have again been inflated by optimism over a revolutionary technology. AI fever, coupled with a resilient economy and stronger earnings, has lifted the S&P 500 index to fresh records this year following a run of more than 50% from its October 2022 low. The tech-heavy Nasdaq Composite index has gained over 70% since the end of 2022.
China bulls will be hoping it's the former. The 'official' manufacturing PMI from China's National Bureau of Statistics on Sunday came in at 49.5, unchanged from May and marking the second month in a row that manufacturing activity has declined. If there are financial market ripples from the first round of voting in the French election, they may be felt first in Asia on Monday.
When it comes to living expenses, the truth is that most Americans subsist on a very thin margin, even if their earnings are solid. With increased costs due to inflation, this has only gotten worse....
The latest price moves in bitcoin (BTC) and crypto markets in context for July 1, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Long term investing can be life changing when you buy and hold the truly great businesses. While not every stock...
Asia lagged what was a pretty solid start to the new quarter for global stocks on Monday, and the steep rise in U.S. Treasury yields suggests it will be difficult session again on Tuesday for regional equities and emerging assets more broadly. The 10-year U.S. yield jumped 13 basis points to 4.50% on Monday - the highest yield and biggest one-day rise in a month - as investors repriced the potential inflationary impact from mooted fiscal, tariff, and immigration policies under a Donald Trump presidency. Wall Street, European, and world stocks powered through that headwind, Japanese stocks got a lift from the yen's slide back through 161.00 per dollar, and Chinese stocks drew strength from a positive surprise in domestic manufacturing sector data.
Key Insights Significant control over United Overseas Insurance by public companies implies that the general public has...
Nvidia, Super Micro Computer and Broadcom are part of the Zacks Investment Ideas article.
Chewy shares were falling Monday after investor Keith Gill, better known as Roaring Kitty, disclosed a 6.6% stake in the pet-supplies retailer founded by GameStop CEO Ryan Cohen. It had climbed as much as 18% in the premarket session after Gill disclosed in a Monday filing that he owned nine million shares of the company. Gill is known for helping to spark the frenzy back in 2021 with bullish posts under the handle Roaring Kitty about the videogame retailer GameStop Cohen, Chewy’s founder, is also known for his roles as GameStop’s CEO and an investor in Bed Bath & Beyond.
As global markets navigate through a period of cautious optimism, Hong Kong's Hang Seng Index has experienced a downtrend, reflecting concerns about the region's economic momentum. In such an environment, identifying growth companies with high insider ownership in Hong Kong can offer investors potential resilience and alignment of interests between shareholders and management.
Key Insights Sembcorp Industries' significant private equity firms ownership suggests that the key decisions are...
Trump Media & Technology Group Corp (NASDAQ:DJT) stock saw redemption on Monday after a Friday’s pullback. The stock plummeted over 10% on Friday following the first U.S. presidential debate, highlighting its notorious volatility on Wall Street. The owner of social networking site Truth Social experienced a 5% jump at the opening bell, only to see its shares drop significantly throughout the day, according to a Business Standard report. Also Read: LinkedIn Co-Founder Criticizes Trump Media’s $6B
Yahoo Finance