investing
Investing
Exclusive-Shell’s flagship LNG trading made nearly $1 billion loss in Q3 -sources
Investing
Oil falls as Fed rate hike raises fuel demand concerns
Investing
Expert View: Bank of England lifts UK rates to 3% in historic hike
Investing
Wave of selling as BoE follows Fed with 75 bps rate hike
Exclusive-Morgan Stanley to start layoffs in coming weeks as dealmaking slows -sources
Date: November 3, 2022
By Kane Wu, Scott Murdoch and Julie Zhu HONG KONG (Reuters) – Wall Street major Morgan Stanley is expected to start a fresh round of layoffs globally in the coming weeks, three people with knowledge of the plan said, as dealmaking business takes a hit due to rising inflation and an economic downturn. In Asia...
FTSE 100 cuts losses after massive BoE rate hike
Date: November 3, 2022
By Johann M Cherian (Reuters) – UK’s exporter heavy FTSE 100 index pared losses on Thursday, as the pound extended falls after investors viewed the Bank of England’s large interest rate hike as the biggest in its monetary tightening pace. The FTSE 100 fell 0.6%, after dropping nearly 1% earlier in the day, after the...
Sterling drops as BoE hikes interest rates but diverges from Fed
Date: November 3, 2022
By Harry Robertson LONDON (Reuters) – Sterling fell sharply on Thursday as the Bank of England (BoE) raised interest rates by 75 basis points, a day after the Federal Reserve hiked borrowing costs by the same amount. The BoE’s rate hike was its biggest in three decades and took the main rate to 3%. It...
BMW sees pressure in Europe as inflation hits buyers
Date: November 3, 2022
By Paul Carrel and Nick Carey BERLIN (Reuters) -BMW expects strong sales growth in the fourth quarter, but warned rising inflation and interest rates would start to weigh on European demand in particular in the coming months. The German premium automaker beat forecasts with a rise in third quarter profit, as higher car prices offset...
EU seeks better alignment with global sustainability rules
Date: November 3, 2022
By Huw Jones LONDON (Reuters) – The European Union sought on Thursday to reassure international companies it would seek to align its sustainability disclosure rules with a global initiative, after warnings from regulators over fragmenting capital markets. The EU is finalising mandatory environment, social and governance (ESG) disclosures for about 50,000 companies across the bloc...
Wall Street sees little respite to Qualcomm’s smartphone gloom
Date: November 3, 2022
(Reuters) – Sales at Qualcomm Inc are slowing as the smartphone market heads for its worst contraction in years, and Wall Street analysts don’t expect that to turn around anytime soon. At least 14 brokerages lowered their price targets on the largest maker of smartphone chips on Thursday after it gave a forecast $2 billion...