Investing
Investing
Will Asset Diversification Make a Comeback in 2023?
Investing
Shares Steady, Dollar Dips as US Holiday Lifts Rates Gloom
Investing
Shares Fall With Oil Prices Amid Concerns About U.S. Fed Rate Hikes
Investing
ESG in Hotel Real Estate: Green Financing and the Hotel Operational Edge
Oil Falls as Earthquake Impact on Crude Eases, Rate Hike Fears Rise
Date: February 9, 2023
By Laila Kearney NEW YORK (Reuters) -Crude prices eased on Thursday as oil infrastructure appeared to have escaped serious damage from the earthquake that devastated parts of Turkey and Syria, while U.S. inventories swelled and investors worried about Federal Reserve rate hikes. Brent crude settled at $84.50 a barrel, losing 59 cents, or 0.7%. U.S....
Oil Prices Steady After U.S. Stockpile Swell
Date: February 9, 2023
By Shadia Nasralla LONDON (Reuters) – Oil prices were steady on Thursday, as optimism over recovering Chinese demand was offset by U.S. oil inventories hitting their highest in months and signs the U.S. Federal Reserve could keep raising interest rates. Brent crude futures gained 30 cents to $85.39 a barrel by 0856 GMT, while U.S....
Bayer Hits 8-month High as Investors Welcome CEO Change
Date: February 9, 2023
BERLIN (Reuters) -Bayer shares rose as much as 5% in early Thursday trading to an eight month high, adding to gains from the day before when the German drugs to pesticides group named former Roche executive Bill Anderson as its next CEO. The stock jumped 6% late Wednesday, after the appointment was announced about 15...
Michael Kors Owner Capri Cuts Forecasts as Demand Slows, Shares Plunge 20%
Date: February 8, 2023
(Reuters) -Michael Kors owner Capri Holdings Ltd cut its annual profit forecast on Wednesday, hurt by a slowdown in demand for its luxury handbags and apparel in department stores, sending its shares tumbling 20% before the bell. High-end fashion companies weathered decades-high inflation better than other industries for most of last year as affluent shoppers...
Pandora Shares Jump 8% on Upbeat Fourth-Quarter Results
Date: February 8, 2023
By Nikolaj Skydsgaard COPENHAGEN (Reuters) -Danish jewellery maker Pandora reported better-than-expected fourth-quarter results and record annual sales on Wednesday, sending its shares up more than 8%, although it predicted uncertainty around sales in 2023. “We ended 2022 on a high note. Despite the macroeconomic pressure on consumers and COVID-19 headwinds in China, we continue to...
Equinor Shares Soar on Record 2022 Profit, Q4 Beat
Date: February 8, 2023
By Nerijus Adomaitis OSLO (Reuters) – Equinor on Wednesday posted a record $74.9 billion adjusted operating profit for 2022, more than double its previous high, as gas prices soared and fourth-quarter results beat expectations, boosting its share price by 7%. The Norwegian oil and gas producer’s adjusted earnings before tax and interest for October-December rose...