BMO Becomes Second Canadian Bank to Launch Currency-Hedged Global Stocks
(Bloomberg) -- Bank of Montreal is stepping into a booming product category that offers exposure to popular global stocks while hedging against currency volatility, becoming the second Canadian bank to do so. Most Read from BloombergManhattan’s Morning Commute Time Drops With New Congestion TollTrump's Federal Funding Pause Threatens State Financials Housing Aid Uncertain After Trump’s Spending Freeze MemoTrump Paves the Way to Deputize Local Police on ImmigrationUS Students’ Reading Scores Drop
Sirius XM (NASDAQ:SIRI) Exceeds Q4 Expectations
Satellite radio and media company Sirius XM (NASDAQ:SIRI) reported Q4 CY2024 results exceeding the market’s revenue expectations, but sales fell by 4.3% year on year to $2.19 billion. On the other hand, the company’s full-year revenue guidance of $8.5 billion at the midpoint came in 0.6% below analysts’ estimates. Its GAAP profit of $0.83 per share was 17% above analysts’ consensus estimates.
Exclusive-Thailand's economy may underperform with consumption weak, warns central bank chief
BANGKOK (Reuters) -Thailand's economic growth may falter at under 2.9% this year after a weaker-than-expected fourth quarter despite a vaunted government cash handout aimed at firing up sluggish growth, the central bank chief said on Thursday. The Bank of Thailand previously anticipated that the economy could expand by 2.9% this year, lower than the finance ministry's projection of 3% growth. "I have to say that there is some downside risk to that figure," Governor Sethaput Suthiwartnarueput told Reuters in an interview.