European stocks close lower as investors await key earnings; JDE Peet jumps 16%
European markets closed lower on Monday as investors awaited key corporate earnings and monitored elevated Middle East tensions.
UBS sells its 50% stake in Swisscard to American Express
UBS is offloading part of the Credit Suisse business it acquired last year with a deal to sell the fallen bank’s 50% stake in credit card provider Swisscard.
Asking prices for UK homes barely rise in October, Rightmove says
Overall activity in the property market remained strong, with buyer demand rising.
Iran aided Russia against Ukraine. Now it needs to call in the favor
Iran could do with assistance from its powerful ally, Russia. The extent to which Moscow can — and will — help is uncertain, however.
Indian retail group seeks antitrust probe of quick commerce companies Swiggy, Blinkit, Zepto
Quick commerce is a new shopping rage in the world’s most populous country.
Prabowo takes up Indonesian presidency, vows to tackle corruption, other issues
Indonesia’s Prabowo Subianto took office as president on Sunday, pledging to tackle issues like corruption and boost the country’s self-sufficiency.
10 analysts just hiked their price targets on these 3 stocks — including a Big Tech AI firm
The Big Tech AI stock has rallied 64% this year, with analysts predicting more momentum ahead.
Looking for dividend stocks? Here are Morgan Stanley’s top Asia picks for the fourth quarter
Morgan Stanley recommends investors supplement their portfolio with dividend income, especially given the U.S. election and expected further rate cuts.
China cuts benchmark lending rates by 25 basis points
The move was expected. China’s central bank governor indicated last week that the loan prime rates would be lowered.
Perplexity AI seeks valuation of about $9 billion in new funding round
Perplexity started the year with a roughly $500 million valuation and has continued attracting significant investor interest alongside the generative AI boom.
