#OTC News

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Today's most important upgrades By Investing.com

investing.com By Davit Kirakosyan BofA upgraded Consolidated Edison (NYSE:ED) to Neutral from Underperform and raised its price target to $95.00 from $78.00 following substantial updates…

Alameda bought this obscure OTC desk to handle FTX banking

protos.com HiveEx, an Australian over-the-counter (OTC) trading desk, was purchased by Alameda Research in 2020 and subsequently used to accept deposits for FTX. What was HiveEx?…

BHP's Henry sees fundamentals in place for China's economic growth By Reuters

investing.com (Reuters) - BHP Group (NYSE:BHP)'s Chief Executive Mike Henry said that "all fundamentals are in place" in China for continued economic growth over the next 20 years. China,…

CNN informs employees that layoffs are underway

investing.com (Reuters) - Warner Bros Discovery-owned CNN's top boss Chris Licht informed employees in an all-staff memo on Wednesday that layoffs are underway, according to a CNN…

Top Canada banks post fall in profits as deals drought offsets rate boost By Reuters

investing.com Breaking News (Reuters) -Royal Bank of Canada (RBC) and National Bank of Canada (OTC:NTIOF), two of the biggest banks in the country, posted a drop in profits as their…

National Bank of Canada quarterly profit falls on higher expenses, provisions By Reuters

investing.com (Reuters) - National Bank of Canada (OTC:NTIOF) posted a lower fourth-quarter profit on Wednesday, as the Canadian lender set aside higher provisions in the face of an…

Nissan gets $1.44 billion green loan for zero-emission mobility investments By Reuters

investing.com TOKYO (Reuters) - Japan's Nissan (OTC:NSANY) Motor Co has signed a 200-billion-yen ($1.44 billion) green loan agreement to fund zero-emission mobility investments, the…

Japan stocks lower at close of trade; Nikkei 225 down 0.21% By Investing.com

investing.com Investing.com – Japan stocks were lower after the close on Wednesday, as losses in the Paper & Pulp, Machinery and Automobiles & Parts sectors led shares lower. The best…

BYD set to be China's top-selling car brand for Nov, Tesla gains -data By Reuters

investing.com SHANGHAI (Reuters) - BYD was the top-selling car brand in China in the first four weeks of November, brokerage data showed, outperforming the Volkswagen (ETR:VOWG_p) brand…

Australian banking system cushioned for imminent climate change-related risks

investing.com (Reuters) - Potential economic downturns caused by climate change could pose risks to the loan books of Australia's top five banks without resulting in any severe stress to…

FHFA raises 2023 conforming loan limits on Fannie Mae, Freddie Mac mortgages By Reuters

investing.com WASHINGTON (Reuters) - The U.S. Federal Housing Finance Agency (FHFA) said on Tuesday the conforming loan limit values (CLLs) for mortgages to be acquired by Fannie Mae and…

Tesla market share could be dented by cheaper rival EVs

investing.com (Reuters) - Tesla (NASDAQ:TSLA) Inc may be losing its tight grip on the electric car market, as rivals try to chip away at its market share with cheaper options. With…

Bombardier says NetJets to be fleet launch customer for Global 8000 aircraft By Reuters

investing.com (Reuters) - Bombardier (OTC:BDRBF) Inc said on Tuesday that NetJets, operator of the world's largest fleet of private jets, will become the fleet launch customer for its…

Prada to hire former Luxottica CEO Guerra to ease succession

investing.com MILAN (Reuters) - Italian luxury goods group Prada (OTC:PRDSY) is set to hire former Luxottica Chief Executive Andrea Guerra in a senior management role to ease a transition…

Australia court dismisses customer fees lawsuit against CBA By Reuters

investing.com (Reuters) -The Australian Federal Court has dismissed proceedings initiated by the country's securities regulator against top lender Commonwealth Bank of Australia…

Japan's Nikkei seen rallying 6% to key 30,000 level by mid-2023: Reuters poll By Reuters

investing.com By Kevin Buckland TOKYO (Reuters) - Japan's Nikkei 225 share average will rally to the psychological 30,000 level by the middle of next year for the first time since…

Nomura CEO says U.S. becomes profit driver despite one-off losses By Reuters

investing.com TOKYO (Reuters) - Nomura Holdings (NYSE:NMR) Inc's U.S. wholesale business has emerged as a profit driver despite some large one-off losses in the region that had dragged…

Nestle nudges 2022 sales outlook higher By Reuters

investing.com ZURICH (Reuters) - Nestle has tweaked its 2022 sales outlook higher, it said ahead of an investor seminar on Tuesday. "We now expect organic sales growth between 8% and…

Australia's Fortescue names former Woodside executive as CEO By Reuters

investing.com (Reuters) - Australia's Fortescue Metals Group (OTC:FSUGY) said on Tuesday former Woodside (OTC:WOPEY) Energy executive Fiona Hick will be appointed as chief executive…

Dollar holds firm as China's COVID-related worries weigh By Reuters

investing.com By Harish Sridharan (Reuters) - The dollar held its overnight gains on Tuesday as concerns about unrest in China over COVID-19 restrictions dampened market sentiment, and as…

Colombia to launch military operation against armed groups on border By Reuters

investing.com BOGOTA (Reuters) - Colombia will launch a military offensive against illegal armed groups operating in border areas, and it is seeking collaboration from neighbors, Interior…

Analyst Says Coinbase 'A Waste Of Time', Taylor Swift's Concert Fiasco Under DOJ Probe, Shopify Clocks Record Black Friday Sales: Top Stories Monday, Nov. 28

yahoo.com CNBC Dan Dolev, a Mizuho Americas analyst, believes that crypto may be finished after the recent troubles at FTX (FTT/USD), a bankrupt crypto exchange. Dolev said in an…

Tesla readies revamp of Model 3 By Investing.com

investing.com By Michael Elkins According to a report by Reuters on Monday, American electric vehicle maker, Tesla (NASDAQ:TSLA) is developing a revamped version of the company’s model 3.…

U.S. screened 2.56 million air passengers Sunday, highest since 2019 By Reuters

investing.com WASHINGTON (Reuters) - The U.S. Transportation Security Administration (TSA) said it screened 2.56 million air passengers on Sunday, the highest number since December 2019…

Rolls-Royce successfully tests hydrogen-powered jet engine By Reuters

investing.com LONDON (Reuters) - Britain's Rolls-Royce (OTC:RYCEY) said it has successfully run an aircraft engine on hydrogen, a world aviation first that marks a major step towards…

Credit Agricole is weighing foray into German car-sharing: media report By Reuters

investing.com FRANKFURT (Reuters) - French bank Credit Agricole (OTC:CRARY) is weighing plans to offer car-sharing financial services in Germany because the growing market offers…

Macau's 6 casino operators get new licences, Malaysia's Genting out By Reuters

investing.com (Reuters) -Macau's government said on Saturday its six incumbent casino operators would be given new licences to operate in the world's biggest gambling hub from January,…

Apple Supplier Loses Workers After Violent Protests, Cardano Stablecoin Project Shuts Down Over Uncertainty, Tesla & Ford Recall Vehicles: Top Stories Friday,…

yahoo.com Reuters Adidas AG (OTC: ADDYY) (OTC: ADDDF) initiated a probe against Kanye West into allegations of inappropriate behavior after receiving an anonymous letter making…

Factbox-What European companies are doing as workers face high inflation By Reuters

investing.com (Reuters) -Companies across Europe are offering one-off bonuses and renegotiating wages as surging inflation raises food and energy bills for staff over the winter. Here are…

Shares of Nike and Adidas could score at the World Cup By Reuters

investing.com By Noel Randewich (Reuters) - As 32 teams battle for the World Cup in Qatar, Adidas (OTC:ADDYY) and Nike also hope their shares can score a goal. With FIFA projecting at…

Spain energy tax to raise 400 million euros less than expected, minister says By Reuters

investing.com MADRID (Reuters) - The Spanish government will collect 400 million euros ($416 million) less than expected from the revised windfall tax bill on energy companies passed by…

Cathay Pacific in talks on orders for medium-haul jets, freighters By Reuters

investing.com (Reuters) -Hong Kong's Cathay Pacific Airways (OTC:CPCAY) Ltd is in talks with aircraft manufacturers about orders for medium-haul aircraft and dedicated freighters, a…

High mortgage rates push UK first-time buyers towards rental market

investing.com By Suban Abdulla LONDON (Reuters) - Demand for rental homes in Britain rose in October as prospective first-time buyers put off purchases amid the surge in mortgage rates,…

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