Tuesday, 2 August 2022

Voluntary liquidations hit record high in England and Wales

Voluntary liquidations hit record high in England and Wales

The number of companies filing for voluntary liquidations in England and Wales hit a record high in the second quarter of this year as businesses struggled without the support available to them during the COVID-19 pandemic, data showed on Tuesday.

Semiconductor stocks under pressure as Taiwan tensions mount

Semiconductor stocks fell globally on Tuesday as an expected visit by U.S. House of Representatives Speaker Nancy Pelosi to Taiwan, which China claims as its territory, fueled a fresh escalation in tensions between Washington and Beijing.

Futures fall as U.S.-China tensions grow

U.S. stock index futures fell on Tuesday on concerns that a planned visit by U.S. House of Representatives Speaker Nancy Pelosi to Taiwan could worsen tensions between the United States and China.

TSX futures fall on recession concerns, U.S.-China tensions

Futures for Canada's main stock index fell on Tuesday as oil and metal prices declined on recession fears, while U.S. House of Representatives Speaker Nancy Pelosi's expected visit to Taiwan dented sentiment further.

Ferrari lifts full-year forecasts after strong Q2 results, record orders

Sports car maker Ferrari raised its forecasts for full-year revenue and core profit on Tuesday after posting what it described as record results in the second quarter and saying its order book hit new highs.

U.S. banks face trillion-dollar reverse repo headache

The trillions of dollars in overnight cash tucked away daily at the Federal Reserve could turn into a major headache for banks that could squeeze their balance sheets and impair their ability to lend.

Uber turns cash flow positive for the first time, shares surge

Uber Technologies Inc on Tuesday reported positive quarterly cash flow for the first time ever and forecast third-quarter operating profit above estimates, betting on steady demand for its ride-hailing and food-delivery services.

KKR profit falls 9% on lower deal fees

KKR & Co Inc said on Tuesday its second-quarter after-tax distributable earnings fell 9% year-on-year, as a slowdown in dealmaking amid the market downturn resulted in a plunge in transaction fees it earns from its companies and clients.

Canada's TD Bank to buy U.S. brokerage Cowen in $1.3 bln deal

Canada's Toronto Dominion Bank will buy New York-based boutique investment bank Cowen in a $1.3 billion all-cash deal to boost its presence in the high-growth U.S market.

Marathon Petroleum posts bumper profit on soaring fuel prices

Marathon Petroleum smashed quarterly profit estimates on Tuesday, the latest U.S. refiner to benefit from a surge in fuel prices sparked by tight capacity and low inventories.

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