© Reuters. The Credit Suisse Real Estate Fund International, a $4.4 billion fund, is undergoing significant changes following a 9% drop in portfolio value in Q3, as the global property market faces a correction. The fund is offloading properties and diversifying its portfolio to navigate the challenging market conditions. In…

© Reuters. Brunswick Corporation (NYSE: NYSE:) announced on Friday an increase in its annual dividend to $0.40, to be paid on December 15th, marking a 2.2% yield based on the current stock price. Despite falling below industry standards, the increased dividend is well-supported by the company’s robust earnings and cash…

© Reuters. InterContinental Hotels Group (IHG), the hospitality giant comprising Holiday Inn and 18 other global brands, has reported encouraging Q3 results, propelled by a resurgence in domestic travel in China. As per its Q3 trading update on Friday, the company observed near pre-pandemic summer demand levels, with a year-on-year…

© Reuters. Bank OZK (NASDAQ:) reported its Q3 2023 earnings on Friday, highlighting a year-over-year increase of 38% in earnings per share (EPS) which stood at $1.49, surpassing the Zacks Consensus Estimate of $1.44. The net income available to common shareholders rose by 32.3% to reach $169.7 million, beating the…

© Reuters. Spanish beauty conglomerate Puig, known for its ownership of brands such as Charlotte Tilbury, Paco Rabanne, and Byredo, is contemplating a multibillion-euro Initial Public Offering (IPO) to attract fresh capital while maintaining family control. This decision is currently in the “reflection phase”, according to the company’s Chair Marc…

© Reuters. Friday saw significant market movements as various companies reported their Q3 earnings and revised future projections. Amidst these developments, Federal Reserve Chairman Powell hinted at steady short-term interest rates, causing a drop in stock futures and an easing of bond yields. The approached 5% while rising Israel-Hamas tensions…

© Reuters. Asia-Pacific stock markets experienced significant declines on Friday, with major indices across the region closing in the red. Japan’s fell by 0.5%, Hong Kong’s by 0.7%, China’s and Singapore’s Straits Times Index both by 0.7%, South Korea’s Composite Index by 1.7%, and Australia’s Benchmark Index by 1.2%. Among…

© Reuters. AptarGroup (NYSE:), Inc. is approaching its ex-dividend date, which is one day ahead of the record date – the deadline for shareholders to be eligible for dividends. Investors who purchase shares either on or after October 25, 2023, shall not be qualified for the payment of dividend, scheduled…

© Reuters In a move marking a strategic shift towards becoming the dominant producer in the Permian Basin, Exxon Mobil Corp (NYSE:). has secured a $60 billion purchase agreement with Pioneer Natural Resources (NYSE:) Co., quadrupling Pioneer’s 2020 value. The deal was finalized at Pioneer’s Irving, Texas, headquarters earlier this…

© Reuters Tesla (TSLA) raises price of Model X Plaid by $5K Tesla’s (NASDAQ:) Model X Plaid all-wheel drive in the United States now stands at $94,990, up from $89,990 according to the electric vehicle maker’s website on Thursday. The price adjustment follows CEO Elon Musk’s recent remarks about maintaining…