By Ahmad Ghaddar LONDON (Reuters) – Oil prices are proving resilient to global economic recession fears and have outperformed major equity indices and the U.S. dollar so far this year as Western sanctions on Russia further limit supplies to an already tight market. The two major crude futures contractsare up about 30% so far this…
By Devik Jain and Aniruddha Ghosh (Reuters) -U.S. stock indexes were set to open lower on Monday following a strong rally last week on earnings optimism, with investors awaiting a factory activity data after similar surveys from China and the Eurozone fueled recession worries. The S&P 500 and the Nasdaq posted their biggest monthly percentage…
By Elizabeth Dilts Marshall NEW YORK (Reuters) -As high inflation forces Americans to spend more on gas and bills, young and low-income consumers are starting to feel financial pressure. Generation Z consumers and those with low credit scores are falling behind on credit card and auto loan bills and accumulating credit card debt at a…
HONG KONG (AP) — Chinese e-commerce firm Alibaba said Monday that it wants to keep its shares listed in both New York and Hong Kong, days after U.S. regulators included it in a list of companies that may be delisted for not complying with auditing requirements. The U.S. Securities and Exchange Commission has said foreign…
By Lawrence White LONDON (Reuters) – HSBC will pay some of its British workforce a one-off payment of 1500 pounds ($1,830) to help them deal with the cost of living, a memo seen by Reuters on Monday said. In doing so the bank became the latest British lender to boost staff pay, as the country…
LONDON (Reuters) – HSBC is unlikely to appoint an executive of its biggest shareholder Ping An Insurance Group of China to its board due to a conflict of interest, HSBC Chief Executive Noel Quinn told reporters on Monday. “There is the potential for conflict of interest given there is an overlap in their business model…
By Bansari Mayur Kamdar (Reuters) -European shares edged up on Monday as a jump in banking stocks after HSBC’s strong results offset fears of a global economic slowdown fanned by disappointing Chinese economic data and figures showing contraction in euro zone manufacturing activity. The pan-European STOXX 600 rose 0.2% in volatile trade. [MKTS/GLOB] The biggest…
JERUSALEM (Reuters) – Bezeq Israel Telecom on Monday raised its estimate for adjusted 2022 net profit to 1.1-1.2 billion shekels ($325-$354 million) from a prior forecast of 1.0-1.1 billion, as it expects to reach more homes with its fibre optics network. Bezeq, Israel’s largest telecoms group, projects reaching 1.5 million homes with its fibre network…
(Refiles to adjust key words for media clients to GRAIN from GRAINS; no change to text) ISTANBUL (Reuters) -The first ship carrying grain to depart Ukraine since the start of the Russian invasion will leave Odesa port at 0530 GMT on Monday under a guaranteed safe passage agreement, Turkey’s defence ministry said, adding that more…
TOKYO (AP) — Asian shares were mostly lower Tuesday amid concerns about regional stability as an expected visit by U.S. House Speaker Nancy Pelosi to Taiwan prompted threats from Beijing. Benchmarks headed downward across the board in the region in early trading, including Japan, China, South Korea and Australia. China sees Taiwan as its own…
