Investing.com -- Kuwait is on the verge of letting banks provide mortgages for the first time, a move that is expected to significantly alter the nation’s financial scene. The legislation allowing this change is anticipated to be passed soon by the Council of Ministers, according to a Bloomberg report on Friday.This decision could open up a market that might reach a value of $65 billion, suggest ...
By Shivansh Tiwary(Reuters) -FedEx’s shares fell 8% premarket on Friday after the parcel delivery firm cut its annual forecasts, fanning worries about the health of U.S. manufacturing amid uncertainty from the Trump administration’s sweeping tariffs on trading partners.CEO Raj Subramaniam warned a day earlier that the company was navigating a very "challenging operating environment" and "weakn ...
Investing.com -- Beneteau shares dropped more than 10% on Friday after Bernstein downgraded the stock to "market-perform" from "outperform," citing concerns over 2025 revenue and margins.The French boatmaker reported a 29% revenue decline in 2024, falling to €1.03 billion. Operating profit came in at €75.9 million, slightly above expectations, but the company’s 7.3% operating margin was at t ...
Investing.com -- AstraZeneca (NASDAQ:AZN) announced today a $2.5 billion investment in Beijing to establish its sixth global strategic research and development (R&D) center. The move is part of a broader strategic partnership with the Beijing Municipal Government and the Beijing Economic-Technological Development Area Administrative Office. The investment, which will be spread over the next fi ...