Month: January 2023

Economy

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UniCredit Hikes Payout Goal By 40% After Record Rofit

UniCredit pledged on Tuesday to return 5.25 billion euros ($5.69 billion) to investors based on its 2022 results after posting a record...

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Market

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Asia FX Muted, Dollar Steadies As Fed Meeting Looms

Most Asian currencies moved little on Tuesday, while the dollar retained recent gains as caution kicked in ahead of a Federal Reserve...

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Stock Market

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Oil prices Tread Water As Markets Weigh China Recovery, Fed Caution

Oil prices were muted in early trade on Tuesday as optimism over better-than-expected economic data from China was offset by caution over...

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Economy

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Rising Interest Rates Have a Sting in The Tail For Europe’s Banks

Rising borrowing costs are giving a long-awaited lift to Europe’s beleaguered banks, but they come with a sting in the tail. Last...

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Market

Views: 1

Asian Stocks Sink As Fed Week Begins, China Reopens Strong

Most Asian stock markets sank on Monday as caution kicked in ahead of a Federal Reserve meeting and key economic data this week, while...

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Stock Market

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Chinese Stocks Surge After Week-Long Holiday

Chinese stock markets rose sharply on Monday as they resumed trade after the Lunar New Year holiday, while a commitment from the government...

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Uncategorized

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Fashion Retailer H&M’s Profit Tumbles As Costs Bite

Sweden’s H&M reported on Friday a much larger than expected drop in September-November profit, hit by weak consumer confidence...

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Economy

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Asian Stocks Rise Tracking Positive U.S. GDP, Adani Extends Losses

Most Asian stock markets rose on Friday as appetite for risk-driven assets was supported by better-than-expected U.S. economic growth data,...

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Economy

Views: 1

Oil Treads Water Ahead of OPEC+ Panel Meeting, PCE Inflation Data

Oil prices moved little on Friday and were set to end the week flat amid caution over an upcoming OPEC+ panel meeting, as well as more cues...

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Market

Views: 1

Flavour Maker Givaudan Beats Earnings Forecasts in a Tough Year

Swiss fragrance and flavour maker Givaudan on Wednesday reported better-than-expected earnings for a year characterized by high input costs...

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