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Panasonic sees record profit on robust battery demand, U.S. tax credit

Japan's Panasonic Holdings Corp on Wednesday said it expects net profit to rise to a record high this year on robust auto battery sales and a hefty tax credit in the United States. ....

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Premier Fund Managers Ltd Raises Stock Holdings in Service Co. International (NYSE:SCI)

Premier Fund Managers Ltd lifted its stake in Service Co. International (NYSE:SCI – Get Rating) by 16,307.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 777,049 shares of the company’s stock after purchasing an additional 772,313 shares during the quarter. Service Co. International […] ....

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MSCI gives Egypt "special treatment" in equity indexes over FX concerns

Global equity index provider MSCI is to apply special treatment on Egyptian securities listed in its indexes following investor feedback about low FX liquidity in the country.. | May 9, 2023 ....

Karin Strohecker , Marc Jones , Nc Stock Exchange , Press Release , He Msci Us55354g1004 ,

GLOBAL MARKETS-Asian stocks edge lower amid gloomy China data as US CPI looms

Mainland Chinese blue chips turned lower after early gains, with the benchmark CSI 300 dropping 0.8%. Trade data released on the day showed an unexpected decline in imports and slower exports growth, underlining the struggles facing the world's second-biggest economy despite the lifting of COVID curbs in December "When it comes to the Chinese market, you have the question coming from investors now about the strength of the recovery," said Frank Benzimra, Societe Generale's Hong Kong-based head of Asian equity strategy. "So when you have some trend data which is not as good as people expect, it raises doubts," he said. ....

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FBI says it has sabotaged hacking tool created by elite Russian spies

The FBI has sabotaged a suite of malicious software used by elite Russian spies, U.S. authorities said on Tuesday, providing a glimpse of the digital tug-of-war between two cyber superpowers. ....

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