Swedish real estate group SBB said on Thursday it would offer to buy back hybrid and senior securities for up to 600 million euros ($650.9 million) as it seeks to cut debt on its balance sheet, boosting the company’s shares.
Global hedge funds that use algorithms to trade suffered their second worst single day this year on Tuesday, as softer than expected U.S. inflation numbers sparked a hefty stocks rally, a Goldman Sachs note showed.
Ratings agency Fitch on Thursday said the recent cyberattack at ICBC Financial Services will not have a material impact on its Chinese parent, although it highlights growing threats to global payment networks from such incidents.
Macy’s on Thursday beat quarterly profit well above Wall Street estimates as the department store’s margins benefited from improved inventories and lower freight costs, sending its shares surging more than 11% premarket.
The Financial Stability Board, a global risk watchdog, plans to issue new liquidity recommendations for some investments funds after bouts of stress in recent years risked spreading over to the broader financial sector, the head of the FSB said on Thursday.
Bath & Body Works lowered its annual sales forecast on Thursday on signs of slowing demand ahead of the crucial holiday season, as customers cut back spending on non-essential items like the specialty retailer’s candles and soaps.