Nasdaq News

Indonesia has given the Deposit Insurance Corporation a bigger role in supervising cash-strapped banks under a new regulation issued this week, aimed at beefing up safeguards to limit the risk of the coronavirus pandemic causing a financial crisis.

Dylan Frittelli, Nick Watney and Denny McCarthy completed the first round of the PGA Tour's Workday Charity Open on Thursday after all three spent 10 days in quarantine following positive COVID-19 tests.

Britain is betting that satellite operator OneWeb will help it boldly go into a post-Brexit era. But it faces formidable challenges to complete a working constellation and rebuild a collapsed venture that has proved a money pit for investors.

EY, the court-appointed supervisor for Ocean Tankers Pte Ltd (OTPL), has proposed two restructuring options to the shipping company's owners and could meet with them as early as next week to discuss the plans, according to an EY report seen by Reuters.

News broadcaster Al Jazeera has rejected allegations by Malaysian authorities that a documentary it aired last week about the arrest of undocumented migrants during the coronavirus pandemic was inaccurate, misleading and unfair.

(RTTNews) - The Thai stock market has alternated between positive and negative finishes through the last four trading days since the end of the three-day winning streak in which it had collected almost 45 points or 3.2 percent. The Stock Exchange of Thailand now rests just above

Asian shares and U.S. stock futures fell on Friday as record-breaking new coronavirus cases in several U.S. states stoked concerns that new lockdowns could derail an economic recovery, while investors looked forward to earnings season.

China's embassy in Kazakhstan has warned its citizens to take precautions against an outbreak of pneumonia in the country that it says is more lethal than COVID-19.

The Australian government plans to sell two new bond lines by syndication this month as it raises record amounts of debt to fund stimulus programs amid the country's first recession in three decades.

SAN FRANCISCO (Reuters Breakingviews) - Turning the other cheek takes fortitude, but that’s what China could do in response to the U.S. government’s latest actions. It slapped sanctions on Chinese officials for abuses of Muslim Uighurs, escalating tensions between th

People's Insurance Co (Group) of China (PICC) and three China-listed tech companies said their major state shareholders plan to reduce holdings - a move that comes amid a torrid bull run in China's stock market.

The following table shows rates for Asian currencies against the dollar at 0206 GMT.

(RTTNews) - The Japanese stock market is modestly lower on Friday in choppy trading, while the safe-haven yen strengthened following the mostly negative cues overnight from Wall Street as the relentless surge in coronavirus cases across the U.S. raised fears of another lockdown

The Australian and New Zealand dollars were ending flat for the week on Friday after failing to clear major chart barriers, while Australia faced economic headwinds from a coronavirus lockdown and a diplomatic row with China.

(RTTNews) - The Indonesia stock market has finished lower in two of three trading days since the end of the five-day winning streak in which it had collected more than 85 points or 1.7 percent. The Jakarta Composite Index now rests just above the 5,050-point plateau and it may e

India's Reliance will load its first cargo of Venezuelan crude in three months this week in exchange for diesel under a swap deal the parties say is permitted under the U.S. sanctions regime on the Latin American country, according to a Reliance source and a shipping document from state oil firm PDVSA.

What happened Shares of many insurance companies fell by double-digit percentages in the first six months of 2020, according to data provided by S&P Global Market Intelligence.

(RTTNews) - Flowers Foods Inc. (FLO), producer of Nature's Own, Wonder, Tastykake, Dave's Killer Bread, and other bakery foods, said that it has temporarily stopped production at its bakery in Savannah, Georgia due to an increase in confirmed COVID-19 cases within its production

Over the last few years, Advanced Micro Devices (AMD) has been a veritable gain machine. The huge market strides have come hand in hand with a bigger slice of market share, too. AMD has edged ever closer to rivals Nvidia and Intel and has steadily eaten away at the traditionally larger players’ dominance of the GPU and CPU markets, respectively.

However, Goldman Sachs analyst Toshiya Hari sounds a note of caution for the near-term, based both on the elevated share price, and concerns regarding a “potentially weaker PC market environment” in 2H20.

Although Hari nudged his CY20 revenue estimate for AMD slightly upwards from $8.548 billion to $8.553 billion, he reduced the EPS estimate for the same period from $0.88 to $0.85, reflecting a 2.8% change to the downside.

That’s not to say Hari has any issues with the overall health of AMD’s business. The 5-star analyst expects AMD to continue performing well, and said, “We view the company’s improving 1) competitive position in client/server CPU, 2) profitability, and 3) cash flow and balance sheet, positively. We also note that better wafer supply at TSMC, following trade restrictions on Huawei, could support upside for AMD.”

Nevertheless, Hari refrains from suggesting investors pull the trigger on AMD shares, as the analyst recommends a Neutral rating “primarily due to limited potential upside.” Indeed, his $50 price target implies shares could drop by 13% from current levels. (To watch Hari’s track record, click here)

Looking ahead, Hari’s key points to focus on - which could impact his rating in the future - include “1) better/weaker than expected PC end-demand, 2) rate of adoption of AMD-based solutions in the server space, 3) changes in the competitive dynamics vis-a-vis Intel, 4) execution on product/technology roadmap, and 5) margin execution.”

Several of Hari’s fellow analysts also stay on the sidelines, although not enough of them to quell a Moderate Buy consensus rating - based on 12 Buys and 9 Holds. With a $57.36 average price target, the Street sees the stock staying range-bound for now. (See AMD stock analysis on TipRanks)

To find good ideas for tech stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.

(RTTNews) - The Taiwan stock market has finished higher in back-to-back trading days, collecting nearly 100 points or 0.8 percent along the way. The Taiwan Stock Exchange now sits just above the 12,190-point plateau although it may run out of steam on Friday.