investing
Investing
Shell reports drop in profit to $9.45 billion, hikes dividend
Investing
European stocks slip; ECB raises rates by 75 bps
Investing
Credit Suisse seeks billions from investors in make-or-break shake-up
Investing
European stocks cut losses as ECB hikes rate as expected
Lockmaker Assa Abloy sees demand slowing after forecast-beating quarter
Date: October 26, 2022
By Marie Mannes and Anna Ringstrom STOCKHOLM (Reuters) -World no.1 lockmaker Assa Abloy warned of slowing demand in some markets and said it was taking cost-cutting measures after on Wednesday posting a jump in third-quarter profits, helped by strong sales and currency effects. “Demand remains strong in most markets, but due to weaker demand in...
Coca-Cola lifts forecasts as demand keeps pace with pricier sodas
Date: October 25, 2022
By Uday Sampath Kumar and Granth Vanaik (Reuters) -Coca-Cola Co on Tuesday joined rival PepsiCo Inc in raising annual forecasts as the two top sugary soda makers benefit from multiple price increases that have so far failed to take the fizz out of demand. Shares of Coca-Cola rose 2.3% after the soda giant also beat...
Oil rises on weaker dollar and supply concerns
Date: October 25, 2022
By Rowena Edwards LONDON (Reuters) -Oil prices rose on Tuesday after falling by more than $1 a barrel earlier in the session, bouyed by a weaker dollar and supply concerns highlighted by Saudi Arabia’s energy minister. Benchmark Brent crude futures rose by 40 cents to $93.66 a barrel by 1348 GMT while U.S. West Texas...
UK financial watchdog proposes rules to stamp out ‘greenwashing’
Date: October 25, 2022
By Huw Jones LONDON (Reuters) – Britain’s financial watchdog has proposed new rules from 2024 for funds and their managers to prevent consumers being mislead by ‘greenwashing’ or exaggerated claims regarding environmentally friendly investments. Trillions of dollars have flowed globally into investments touting their environmental, social and governance (ESG) credentials, but rules on what constitutes...
HSBC makes surprise succession move as forecasts hit shares
Date: October 25, 2022
By Lawrence White and Anshuman Daga LONDON/SINGAPORE (Reuters) -HSBC named Georges Elhedery as its new chief financial officer on Tuesday in a surprise move that puts the former head of its investment bank in pole position to eventually succeed Noel Quinn as CEO. The change came as HSBC’s shares were knocked by a 42% slide...
World is in its ‘first truly global energy crisis’ – IEA’s Birol
Date: October 25, 2022
By Emily Chow and Muyu Xu SINGAPORE (Reuters) -Tightening markets for liquefied natural gas (LNG) worldwide and major oil producers cutting supply have put the world in the middle of “the first truly global energy crisis”, the head of the International Energy Agency (IEA) said on Tuesday. Rising imports of LNG to Europe amid the...