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February 6, 2023

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Tag: ECON

business

Stocks hold onto gains ahead of US inflation test

January 12, 2023 - by admin - Leave a Comment

Global stocks rise an inch; dollar close to 7-month lows Yen gains on BOJ report to examine effects of policies Eyes on the US CPI due at 13:30 GMT Eurozone …

Stocks hold onto gains ahead of US inflation test Read More
business

Goldman job cuts hit investment banking and global markets hard

January 12, 2023 - by admin - Leave a Comment

Massive layoffs and spending review for the Wall Street giant Cups in all major divisions expected, globally Asian wealth unit restructuring kicks off Wednesday layoffs NEW YORK/LONDON/HONG KONG, Jan 12 …

Goldman job cuts hit investment banking and global markets hard Read More
business

Oil gains 3% on global economic optimism, despite surprise U.S. crude build

January 11, 2023 - by admin - Leave a Comment

China reopens after COVID restrictions, oil demand expected to rise HSBC sees only one U.S. Fed interest rate hike U.S. crude stocks jump in surprise build, biggest since February 2021 …

Oil gains 3% on global economic optimism, despite surprise U.S. crude build Read More
business

Oil climbs slightly as oil demand is expected to hit a record high next year

January 11, 2023 - by admin - Leave a Comment

Global fuel demand will hit a record 102.2 million bpd in 2024 – EIA Fed governor says central bank will have to raise rates further Dollar nears seven-month low Crude …

Oil climbs slightly as oil demand is expected to hit a record high next year Read More
world

Macron and unions lead France’s pension reform showdown

January 10, 2023 - by admin - Leave a Comment

The retirement age should be raised from 62 to 64 Unions and left-wing opposition reject the reform Passage in parliament depends on the law PARIS, Jan 10 (Reuters) – French …

Macron and unions lead France’s pension reform showdown Read More
business

Powell: Fed needs independence to fight inflation, should avoid social policy

January 10, 2023 - by admin - Leave a Comment

STOCKHOLM, Jan 10 (Reuters) – The Federal Reserve’s independence from political influence is key to its ability to fight inflation, but requires it to stay clear of issues like that …

Powell: Fed needs independence to fight inflation, should avoid social policy Read More
business

US banks brace for lower profits and recession

January 10, 2023 - by admin - Leave a Comment

NEW YORK, Jan 10 (Reuters) – U.S. banking giants are expected to report lower fourth-quarter profits this week as lenders hoard funds to prepare for an economic slowdown that hits …

US banks brace for lower profits and recession Read More
business

Asian stocks plunge on Fed hawkish remarks; the risk of recession weighs on commodities, oil

January 10, 2023 - by admin - Leave a Comment

HONG KONG, Jan 10 (Reuters) – Asian stocks fell on Tuesday, commodities lost recent gains from reopening China and oil traded lower following hawkish comments from two Reserve officials federal …

Asian stocks plunge on Fed hawkish remarks; the risk of recession weighs on commodities, oil Read More

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