Trading
Trading
Dollar, Bond Yields Rise Ahead of Pivotal Rate Hikes
Trading
Sterling Recovery Stalls, Still Set for Third Straight Weekly Gain
Trading
Britain Proposes Regulation of All Cryptoassets
Trading
Global Fx Trading Hits Record $7.5 Trln a Day – Bis Survey
McDonald’s Beats Sales, Profit Estimates on Boost From Pricier Menu
Date: October 27, 2022
(Reuters) -McDonald’s Corp beat quarterly comparable sales and profit estimates on Thursday, helped by higher menu prices and an increase in restaurant traffic from inflation-weary customers looking for value meals. The company’s shares rose 2.7% to $263.58 in premarket trading. Like other fast-food chains, McDonald’s has been forced to raise prices of its burgers and...
Shell Helps Prop up FTSE 100
Date: October 27, 2022
By Johann M Cherian (Reuters) -UK’s export-oriented FTSE rose on Thursday as gains in Shell, after its bumper profit and plans to boost shareholder returns, helped offset broader concerns about inflationary pressures and a possible recession. The blue-chip FTSE 100 rose 0.3% to hold at a three-week high, while the mid-cap FTSE 250 gained 0.3%....
Sterling Hits Six-Week High as Sunak Mulls Delay to Oct. 31 Budget Plan
Date: October 26, 2022
By Lucy Raitano LONDON (Reuters) – Sterling soared to six-week highs on Wednesday, as Britain’s new Prime Minister Rishi Sunak holds his first cabinet meeting amid reports he could delay the announcement of a plan to repair the country’s public finances. Sunak took power on Tuesday with a promise to fix the mistakes of his...
FTSE 100 Dips as Stronger Pound and Mixed Earnings Weigh
Date: October 26, 2022
By Johann M Cherian (Reuters) -UK’s blue-chip index edged lower on Wednesday as lacklustre quarterly earnings from ad firm WPP and consumer goods company Reckitt Benckiser outweighed market cheer over Rishi Sunak pledging to lead the country out of an economic crisis. The export-heavy FTSE 100 index was down 0.3% by 0903 GMT, with shares...
Barclays Beats Forecast on Trading Boom, but Bad Loan Charges Rise
Date: October 26, 2022
By Lawrence White and Iain Withers LONDON (Reuters) -Barclays beat forecasts with a small rise in third-quarter profit on Wednesday lifted by a record performance in fixed income trading, but costs and loan charges crept higher in a sign of ongoing challenges. The British bank made a profit before tax of 2 billion pounds ($2.3...
Ethereum Merger Brought About Noteworthy Changes and Improvements – Here’s What You Should Know
Date: October 26, 2022
The Ethereum protocol debuted in 2015 and has seen tremendous success ever since. However, the ETH community has always hoped for a few key upgrades to fully realise this blockchain’s potential. The long-awaited Ethereum merger was finally executed on the 15th of September, 2022. The Merge means that the Blockchain upgraded from a proof-of-work mechanism...