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Maersk enters deal for half a million tonnes of green methanol annually
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US stocks edge higher ahead of holiday, crude tumbles
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Nvidia shares drop as China worries overshadow stellar forecast
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Dollar strengthens after U.S. labor, consumer sentiment data
Temu, Shein far lag Amazon as online holiday shopping ramps up
Date: November 22, 2023
Temu, Shein far lag Amazon as online holiday shopping ramps up By Arriana McLymore NEW YORK (Reuters) – Upstart online retailers Temu.com and Shein are drawing millions of window-shoppers to their websites this holiday season, but they far lag market leader Amazon.com where it counts – turning those visits into actual sales. Nine out of...
FTSE 100 snaps two-day losing streak on Sage results
Date: November 22, 2023
FTSE 100 snaps two-day losing streak on Sage results By Khushi Singh (Reuters) -The UK’s FTSE 100 rose on Wednesday, as higher prices of gold spurred an uptick in precious metal miners, while Sage led gains in the benchmark index after the software firm’s profit jump. The large-cap FTSE 100 was up 0.2% at 0907...
Sam Altman’s return to OpenAI: tracking the Silicon Valley upheaval
Date: November 22, 2023
Sam Altman’s return to OpenAI: tracking the Silicon Valley upheaval (Reuters) -OpenAI said late on Tuesday Sam Altman would return to the company as CEO, capping days of high drama and marathon discussions about the future of the startup at the center of the global artificial intelligence boom. Following his surprise dismissal on Friday, Altman...
Euro zone’s shadow banks face risk of margin calls, ECB says
Date: November 22, 2023
Euro zone’s shadow banks face risk of margin calls, ECB says FRANKFURT (Reuters) – Euro zone shadow banks face the risk of receiving large margin calls or client redemptions they cannot meet because they do not have enough cash on hand, the European Central Bank (ECB) said on Wednesday. The warning was part of the...
DIY retailer Kingfisher cuts profit outlook again on weak French market
Date: November 22, 2023
DIY retailer Kingfisher cuts profit outlook again on weak French market By James Davey LONDON (Reuters) -European home improvement retailer Kingfisher on Wednesday downgraded its full-year profit outlook for the second time in three months, blaming a weaker-than-expected market in France. Shares in the group, which owns B&Q and Screwfix in Britain and Castorama and...
Enel to invest 36 billion euros by 2026, be more selective on renewables
Date: November 22, 2023
Enel to invest 36 billion euros by 2026, be more selective on renewables By Francesca Landini MILAN (Reuters) -Italy’s Enel plans 35.8 billion euros ($39 billion) gross capital expenditure in the next three years in a more cautious approach to investments, the power group’s new chief executive said on Wednesday. Nearly 19 billion euros will...