Investing
Investing
UK’s Barratt Cuts Dividend as Housing Slowdown Bites
Investing
Shares Rise, Dollar Wobbles After Market Sees Powell Comments as Dovish
Investing
FTSE 100 Hits Record High on Bp Boost, Less-Hawkish Fed Signal
Investing
Stocks, Dollar Pause Ahead of Powell, Biden Speeches
2023 Capital Markets Outlook: 6 Key Trends That Will Impact the Industry
Date: February 7, 2023
By John da Gama-Rose, Head of Banking & Financial Services, Global Growth Markets, Cognizant The economy remains unstable as we enter a recessionary period for the first two quarters of this year. Yet despite this, the capital market industry showed strong resilience with positive results through 2022 allowing them to double down on investment for change. The...
Bp Makes Record Profit in 2022, Slows Shift From Oil
Date: February 7, 2023
By Ron Bousso and Shadia Nasralla LONDON (Reuters) – BP reported on Tuesday a record profit of $28 billion for 2022 and hiked its dividend, but infuriated climate activists by rowing back on plans to slash oil and gas output and reduce carbon emissions by 2030. The blockbuster profit follows similar reports from rivals Shell,...
FTSE 100 Inches Towards Recent Highs as Bp Shines
Date: February 7, 2023
By Sruthi Shankar (Reuters) – UK’s FTSE 100 rose on Tuesday as bumper earnings from oil giant BP and a rally in energy stocks helped counter investor worries that the Federal Reserve will keep interest rates higher for longer. The blue-chip FTSE 100 rose 0.5%, inching closer to the all-time high it hit last week....
Global Shares Slide, Dollar Gains as Rates Rise on Strong Data
Date: February 6, 2023
By Herbert Lash and Amanda Cooper WASHINGTON (Reuters) – Global equity markets slid and the dollar firmed on Monday after data showing a resilient U.S. jobs market suggested interest rates will stay higher for longer as central banks face a tough battle to slow inflation amid relatively strong economic growth. The blockbuster U.S. jobs report...
Fed Rates Up, BoE Up, ECB Up, Stocks Up
Date: February 2, 2023
By Marc Jones LONDON (Reuters) – Higher stock markets showed the bulls were still firmly in charge on Thursday as the European Central Bank and Bank of England followed the U.S. Federal Reserve in extending one of fastest rise in global interest rates on record. Despite the harmony of hikes, traders were holding on to...
German Industry to Pay 40% More for Energy Than Pre-Crisis – Study Says
Date: January 30, 2023
FRANKFURT (Reuters) – German industry is set to pay about 40% more for energy in 2023 than in 2021, before the energy crisis triggered by Russia’s invasion of Ukraine, a study by Allianz Trade said on Monday, citing contract expiries and delayed wholesale pricing effects. “The large energy-price shock still lies ahead for European corporates,”...