LONDON (Reuters) - Global hedge funds posted positive results in August even as the unwind in popular yen carry trades whipsawed markets, bank research and sources familiar with the funds' performance showed on Wednesday. Hedge funds posted an average positive 1.3% return for the month, according to a prime brokerage research note from JPMorgan on Tuesday and seen by Reuters...

09:16 AM EDT, 09/04/2024 (MT Newswires) -- Oil prices fell to a nine-month low early on Wednesday, weakening from overnight highs that came after reports OPEC is reconsidering plans to restore 180,000 barrels per day of 2.2-million bpd of voluntary production cuts beginning next month. West Texas Intermediate crude oil for October delivery was last seen down US$0.47 to US$69.87...

09:17 AM EDT, 09/04/2024 (MT Newswires) -- Bitfarms ( BITF ) said Wednesday that activist investor Riot Platforms' ( RIOT ) upcoming special meeting is an attempt to acquire Bitfarms ( BITF ) at a discounted price and not about corporate governance, in response to claims against the bitcoin company's alleged mismanagement. Riot had declined to constructively engage with Bitfarms...

Graphic Packaging Holding Company ( GPK ) shares are trading lower premarket Wednesday. On Tuesday, the Atlanta-based company stated that severe weather reduced production at two paperboard facilities in July. In August, an electrical substation failure at a third facility caused further disruptions and costs. Consequently, Graphic Packaging ( GPK ) lowered the outlook for adjusted EBITDA by $20 million to...