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Yum beats sales estimates as customers flock to KFC, Taco Bell deals
Investing
Ithaca Energy closes in on London’s biggest 2022 listing
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BP joins rivals with bumper $8.2 billion profit
Investing
Oil up more than 1% as weaker dollar offsets China concerns
European stocks hit six-week high on hopes for rate hike slowdown
Date: November 1, 2022
By Elizabeth Howcroft LONDON (Reuters) -European stocks rose on Tuesday and the positive market sentiment was set to continue on Wall Street, supported by speculation among investors that central banks could come to the end of their rate-hiking cycles. Following mild losses on Wall Street on Monday, Asian shares strengthened on Tuesday and European shares...
U.S. judge says Penguin Random House book merger cannot go forward
Date: November 1, 2022
By Diane Bartz WASHINGTON (Reuters) -A planned $2.2 billion merger of Penguin Random House, the world’s largest book publisher, and rival Simon & Schuster cannot go forward, a U.S. judge has ruled. Judge Florence Pan of the U.S. District Court for the District of Columbia, said in a brief order on Monday that she found...
European shares jump as luxury stocks, miners rally amid Fed pivot hopes
Date: November 1, 2022
By Shreyashi Sanyal (Reuters) -European shares jumped on Tuesday, boosted by miners and luxury stocks, amid rising hopes that the U.S. Federal Reserve would slow down the pace of its interest rate hikes next month. The pan-European STOXX 600 index rose 1.2% by 0905 GMT, kicking off November on a solid footing and hovering at...
Commodity stocks boost UK shares to near seven-week high
Date: November 1, 2022
By Anisha Sircar (Reuters) -UK’s FTSE 100 hit its highest level in nearly seven weeks on Tuesday as commodity stocks rallied ahead of a key U.S. Federal Reserve verdict, while BP turned choppy after hitting a 2-1/2 year high following its results. The blue-chip FTSE 100 jumped 1.6%, while the domestically oriented FTSE 250 rose...
Oil falls on U.S. output gains, Chinese demand doubts
Date: October 31, 2022
By Arathy Somasekhar HOUSTON (Reuters) -Global oil benchmark Brent crude fell more than $1 on Monday on expectations that U.S. production could rise even as weaker economic data out of China and the country’s widening COVID-19 curbs weighed on demand. Brent crude futures dropped $1.22, or 1.3%, to $94.55 a barrel. U.S. West Texas Intermediate...
Stocks mostly fall, bond yields gain as focus shifts to Fed, rate hikes
Date: October 31, 2022
By Caroline Valetkevitch NEW YORK (Reuters) – A global stock index fell and U.S. Treasury yields edged up on Monday as investors prepared for the U.S. Federal Reserve to stick with its aggressive approach to raising interest rates this week. The dollar advanced against the euro and Japanese yen. The Fed, which begins its two-day...