Economy

Economy

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Asia FX Rallies, Dollar Tumbles As Markets Bet on Fed Pivot

Most Asian currencies rose sharply on Thursday, while the dollar sank to a nine-month low even after the Federal Reserve hiked interest...

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Economy

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Asia FX Treads Water As Fed Meeting Looms, Dollar Inches Higher

Most Asian currencies moved little on Wednesday in anticipation of a Federal Reserve meeting, while the dollar crept higher as markets...

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Economy

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UniCredit Hikes Payout Goal By 40% After Record Rofit

UniCredit pledged on Tuesday to return 5.25 billion euros ($5.69 billion) to investors based on its 2022 results after posting a record...

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Economy

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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...

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Economy

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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,...

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Economy

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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 more cues...

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Economy

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Flavour Maker Givaudan Beats Earnings Forecasts in a Tough Year

Swiss fragrance and flavour maker Givaudan on Wednesday reported better-than-expected earnings for a year characterized by high input costs...

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Economy

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Oil Rises After Steep Losses, But Recession Fears Limit Gains

Oil prices rose on Wednesday, recovering a measure of sharp losses from the prior session, although fears of a global recession and signs...

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Economy

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Saga Rises After Confirming Talks to Sell Insurance Business

Shares in Saga (LON:SAGA) rose on Monday after the company confirmed on a weekend report saying it’s in talks to sell its insurance...

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Economy

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Oil Prices Rise As China Optimism Grows Ahead of Lunar New Year

Oil prices rose further on Friday, and were set to end the week higher as optimism over an eventual recovery in Chinese demand this year...

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