Saudi Aramco Launches $1.5 Billion Fund, Says Energy Transition Plan Flawed
By Rachna Uppal, Maha El Dahan and Aziz El Yaakoubi RIYADH (Reuters) -Oil giant Saudi Aramco launched a $1.5 billion…
October 2022
World Stocks At 5-week High, Earnings In The Spotlight
By Dhara Ranasinghe LONDON (Reuters) – World stocks scaled a five-week high on Wednesday, lifted by growing hopes that the…
Mercedes-Benz Lifts Profit Forecast As Luxury Cars Boom
By Victoria Waldersee BERLIN (Reuters) -Mercedes-Benz raised its full-year profit forecast on Wednesday as strong demand for luxury cars and…
South Korean chipmaker SK Hynix worries about China future
SEOUL, South Korea (AP) — South Korean computer chipmaker SK Hynix said Wednesday it might be forced to sell its…
Asian stocks mixed ahead of US GDP update, Europe rates call
BEIJING (AP) — Asian stock markets were mixed Thursday ahead of an update on the U.S. economy and a European…
Puma Confirms Operating Profit, Sales Outlook After Q3 Results
BERLIN (Reuters) -German sportswear maker Puma reiterated its full-year operating result and currency-adjusted sales outlook on Wednesday, despite uncertainty on…
Zimbabwe’s focus on wheat set to yield biggest-ever harvest
HARARE, Zimbabwe (AP) — Zimbabwe says it is on the brink of its biggest wheat harvest in history, thanks in…
Gas crunch eases in Europe — but the respite might not last
FRANKFURT, Germany (AP) — Natural gas and electricity prices in Europe have plunged from summer peaks thanks to mild weather…
Crypto Industry Disappointed As Australia Looks To Enshrine Tax Rules
By Praveen Menon and Byron Kaye SYDNEY (Reuters) – The cryptocurrency industry said on Wednesday it was disappointed with Australia’s…
In ‘unprecedented’ Global Chip Slump, SK Hynix To Halve Investment As Recession Looms
By Joyce Lee and Heekyong Yang SEOUL (Reuters) -South Korea’s SK Hynix Inc warned on Wednesday of an “unprecedented deterioration”…