Page 61 - Stk News Today

(Bloomberg) -- U.S. equity futures declined and Asian stocks fell Friday after a late-day reversal on Wall Street that pushed the technology-heavy Nasdaq 100 into a correction.

(Bloomberg) -- China’s third largest developer by sales received its second credit downgrade in as many days, highlighting concerns over builders once perceived as safer bets. Sunac China Holdings Ltd.

(Bloomberg) -- A short-seller who sought to expose accounting fraud at skin-graft maker MiMedx Group Inc. claimed in a defamation lawsuit that the company hired a private investigator to dig up information it used to try to discredit him.

(Bloomberg) -- Deliveroo Plc saw the value of orders on its platform grow faster than expected in the fourth quarter, driving the company to hit the top end of its full-year guidance and providing a lift as its stock languishes since going public last year.

(Bloomberg) -- Indonesia’s central bank gave the first signs Thursday that it will begin normalizing policy soon, even as it left its benchmark interest rate unchanged.  Bank Indonesia kept the seven-day reverse repurchase rate at a record-low 3.

(Bloomberg) -- The stellar start to the year for Chilean assets now hangs in the balance, dependent on one announcement by President-elect Gabriel Boric on Friday -- his finance minister.

(Bloomberg) -- Indonesia’s central bank will start normalizing its policy this year, starting with raising the reserve ratio for banks. The reserve requirement ratio for conventional banks will be raised to 5%, from 3.

(Bloomberg) -- Stocks and bonds are out, and oil is in. That’s the playbook for hedge funds trying to navigate persistent inflation, rising interest rates and a slumping tech-heavy equity market. Federal Reserve tightening cycles have historically spurred rallies in cyclical stocks.

(Bloomberg) -- Singapore’s equity benchmark has erased losses accrued during the pandemic thanks to the nation’s policy of living with the virus and a global rotation toward value stocks. The cyclicals-heavy Straits Times Index has been hovering close to its January 2020 high of 3,281.

(Bloomberg) -- Update: Cruise operator Genting Hong Kong has filed to wind up the company. Troubled cruise operator Genting Hong Kong Ltd. has filed to wind up the company, putting the spotlight on what support its lead shareholder Lim Kok Thay may provide.