UniCredit pledged on Tuesday to return 5.25 billion euros ($5.69 billion) to investors based on its 2022 results after posting a record quarterly profit, as…
View More UniCredit Hikes Payout Goal By 40% After Record Rofit
Month: January 2023
Asia FX Muted, Dollar Steadies As Fed Meeting Looms
Most Asian currencies moved little on Tuesday, while the dollar retained recent gains as caution kicked in ahead of a Federal Reserve meeting this week,…
View More Asia FX Muted, Dollar Steadies As Fed Meeting Looms
Oil prices Tread Water As Markets Weigh China Recovery, Fed Caution
Oil prices were muted in early trade on Tuesday as optimism over better-than-expected economic data from China was offset by caution over an upcoming Federal…
View More Oil prices Tread Water As Markets Weigh China Recovery, Fed Caution
Rising Interest Rates Have a Sting in The Tail For Europe’s Banks
Rising borrowing costs are giving a long-awaited lift to Europe’s beleaguered banks, but they come with a sting in the tail. Last year central banks…
View More Rising Interest Rates Have a Sting in The Tail For Europe’s Banks
Asian Stocks Sink As Fed Week Begins, China Reopens Strong
Most Asian stock markets sank on Monday as caution kicked in ahead of a Federal Reserve meeting and key economic data this week, while Chinese…
View More Asian Stocks Sink As Fed Week Begins, China Reopens Strong
Chinese Stocks Surge After Week-Long Holiday
Chinese stock markets rose sharply on Monday as they resumed trade after the Lunar New Year holiday, while a commitment from the government to boost…
View More Chinese Stocks Surge After Week-Long Holiday
MSCI Seeks Feedback On Adani Group Over Hindenburg Report
Index provider MSCI said on Saturday it was seeking feedback on Adani Group and associated securities and was aware of a report issued by short-seller…
View More MSCI Seeks Feedback On Adani Group Over Hindenburg Report
Fashion Retailer H&M’s Profit Tumbles As Costs Bite
Sweden’s H&M reported on Friday a much larger than expected drop in September-November profit, hit by weak consumer confidence and soaring costs that it did…
View More Fashion Retailer H&M’s Profit Tumbles As Costs Bite
Asian Stocks Rise Tracking Positive U.S. GDP, Adani Extends Losses
Most Asian stock markets rose on Friday as appetite for risk-driven assets was supported by better-than-expected U.S. economic growth data, while Indian stocks extended their…
View More Asian Stocks Rise Tracking Positive U.S. GDP, Adani Extends Losses
Oil Treads Water Ahead of OPEC+ Panel Meeting, PCE Inflation Data
Oil prices moved little on Friday and were set to end the week flat amid caution over an upcoming OPEC+ panel meeting, as well as…
View More Oil Treads Water Ahead of OPEC+ Panel Meeting, PCE Inflation Data