Investing
Investing
European Stocks Cut Losses as ECB Hikes Rate as Expected
Investing
Lockmaker Assa Abloy Sees Demand Slowing After Forecast-Beating Quarter
Investing
Coca-Cola Lifts Forecasts as Demand Keeps Pace With Pricier Sodas
Investing
Oil Rises on Weaker Dollar and Supply Concerns
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...
Wall Street Set to Open Lower Ahead of Earnings
Date: October 25, 2022
By Elizabeth Howcroft LONDON (Reuters) – European stocks were mixed on Tuesday and U.S. futures pointed to a lower open for Wall Street, as investor hopes that the Federal Reserve could slow down its rate increases gave way to a more cautious tone ahead of U.S. company earnings. Asian equities struggled to make gains due...
5 Unique Investing Opportunities Gaining Popularity
Date: October 25, 2022
Simplicity is in, especially when it comes to investing. People want less complicated investing structures—and lots of ways to grow their wealth. And this includes the younger generations. For the first time in history, investing is booming across all age groups. Case in point: According to Barron’s, 54% of Generation Z have at least one...
FTSE 100 Slips on Stronger Pound; PM Race Takes Focus
Date: October 24, 2022
By Johann M Cherian (Reuters) -UK’s FTSE 100 fell on Monday as a stronger pound and weaker oil prices weighed on the blue-chip index, while investors kept a close watch on the race for Britain’s next prime minister. The exporter-heavy FTSE 100 fell 0.7% as the pound gained, with Rishi Sunak set to become Britain’s...