London CNN — Europe’s two largest central banks have hiked interest rates strongly on Thursday, opting for a bigger hike than the US Federal Reserve as inflation in the region remains near historically high levels. The European Central Bank (ECB) and the Bank of England both raised rates by half a percentage point. Benchmark interest …
ECB and Bank of England raise interest rates again to fight inflation Read More »
SAN FRANCISCO, Feb 1 (Reuters) – Rivian Automotive (RIVN.O) is laying off 6% of its workforce in a bid to cut costs as the electric vehicle maker, already struggling with dwindling cash reserves and an economy weak, is preparing for a full-scale industry-price war. The company is focusing its resources on ramping up vehicle production …
BENGALURU, Feb 1 (Reuters) – Shares in Indian tycoon Gautam Adani’s conglomerate plunged again on Wednesday as the rout of its companies deepened to $84 billion following a U.S. report on sellers at discovered, the billionaire also losing his title of richest in Asia. the person Wednesday’s stock losses saw Adani slip to 15th on …
Adani loses Asia’s richest crown as stock rout worsens to $84bn Read More »
HOUSTON, Jan 31 (Reuters) – Exxon Mobil Corp (XOM.N) posted net profit of $56 billion for 2022, the company said on Tuesday, bringing in around $6.3 million per hour last year and setting not just a corporate record, but a historic record for the Western oil industry. The oil majors are expected to break their …
Exxon smashes the profits of Western oil majors with $56 billion in 2022 Read More »
The loss in 2022 exceeds the previous record of 2008 Inflation and geopolitical tensions remain risk factors Oil and gas industry record cash inflow OSLO, Jan 31 (Reuters) – Norway’s wealth fund, one of the world’s largest investors, posted a record 2022 loss of 1.64 trillion kroner ($164.4 billion), ending a three-year streak of soaring …
Norwegian fund posts record loss of $164 billion Read More »
Become CEO on July 1 Shareholder activist says with Schumacher when he was at Heinz First foreign CEO since the appointment of Paul Polman in 2008 Unilever shares top the FTSE 100 LONDON, Jan 30 (Reuters) – Unilever on Monday appointed Hein Schumacher to replace Alan Jope as chief executive from July, a move hailed …
Unilever appoints former Heinz Schumacher manager as CEO Read More »
SINGAPORE, Jan 30 (Reuters) – Oil prices fell on Monday, abandoning earlier gains as global producers this week are likely to keep output unchanged at a meeting this week and investors are cautious ahead of a Reserve meeting federal government which could stimulate market volatility. . Brent crude futures fell 20 cents, or 0.2%, to …
Oil drops ahead of OPEC+ and US Federal Reserve meetings Read More »
https://tmsnrt.rs/2zpUAr4 The Fed increased by 25 basis points this week, the ECB and the BOE by 50 basis points Tech giants top earnings results China splits shares as holiday travel surges SYDNEY, Jan 30 (Reuters) – Asian stocks turned wary on Monday ahead of a week that is certain to see interest rates rise in …
Asian stocks turn wary as rates rise and earnings languish Read More »
The last 747 freighter will be delivered to Atlas Air Ends over five decades of commercial production Boeing on the verge of bankruptcy, before becoming a cash cow Easy to fly, says rock star pilot Bruce Dickinson SEATTLE/PARIS, Jan 29 (Reuters) – The Boeing (BA.N) 747, the original and arguably best-looking “Jumbo Jet”, revolutionized air …
Boeing’s 747, the original jumbo jet, prepares for final dispatch Read More »
DUESSELDORF, Jan 29 (Reuters) – German arms maker Rheinmetall is set to dramatically increase production of tank and artillery ammunition to meet strong demand in Ukraine and the West, and may start producing launchers. multiple HIMARS rockets in Germany, CEO Armin Papperger said. Reuters. He spoke days before German defense industry bosses were due to …
Rheinmetall plans to increase ammunition production and HIMARS production in Germany Read More »