Investing
Investing
OPEC Raises Long-Term Oil Demand View, Calls for Investment
Investing
French Economy Ekes Out Meagre Growth in Q3, Inflation Hits Record High
Investing
NatWest Shares Plunge After Warning on Rising Costs
Investing
OPEC Expected to Stick to View of Long-Term Oil Demand Rise
Tech Wipeout Woes Offset Central Bank Pivot Hopes
Date: October 28, 2022
By Marc Jones LONDON (Reuters) – World share markets slipped for a second day running on Friday as a near $1 trillion weekly wipeout in top tech stocks outweighed hopes of a slowdown in Fed and ECB rate rises and news that the U.S. economy is not in recession. European shares and Wall Street futures...
Global Equity Funds Receive Inflows for First Time in 10 Weeks
Date: October 28, 2022
(Reuters) – Global equity funds attracted money inflows in the week ended Oct. 26, bolstered by expectations the Federal Reserve would slow its pace of rate hikes to counter the economic slowdown. According to Refinitiv Lipper data, investors bought a net $7.8 billion worth of global equity funds in the week, after ditching them in...
Mastercard’s Dim Forecast Clouds Profit Beat on Travel Demand
Date: October 27, 2022
By Niket Nishant and Manya Saini (Reuters) – Mastercard Inc on Thursday pushed back against worries of a slowdown in consumer spending after a weaker-than-expected forecast for revenue growth for the last three months of the year overshadowed an upbeat quarter for the U.S. card firm. Shares slipped 1% after the company said it expects...
Shell Reports Drop in Profit to $9.45 Billion, Hikes Dividend
Date: October 27, 2022
By Ron Bousso and Shadia Nasralla LONDON (Reuters) – Shell on Thursday posted a third-quarter profit of $9.45 billion, slightly below the second quarter’s record high, due to weaker refining and gas trading, and said it will sharply boost its dividend by the end of 2022 when its CEO departs. The British oil and gas...
European Stocks Slip; ECB Raises Rates by 75 Bps
Date: October 27, 2022
By Elizabeth Howcroft LONDON (Reuters) – European shares fell on Thursday and Wall Street futures were mixed, as investors weighed up disappointing earnings results with speculation that major central banks could be coming towards the end of their rate-hiking cycles. The European Central bank raised rates by 75 basis points and signalled that it was...
Credit Suisse Seeks Billions From Investors in Make-Or-Break Shake-Up
Date: October 27, 2022
By Noele Illien, Oliver Hirt and John O’Donnell ZURICH (Reuters) – Credit Suisse plans to raise 4 billion Swiss francs ($4 billion) from investors, cut thousands of jobs and shift its focus from investment banking towards rich clients as the bank attempts to put years of scandals behind it. Chairman Axel Lehmann dubbed the plan...