ECB Likely To Stick To Big Rate Hike Despite Banking Turmoil
By Francesco Canepa and Balazs Koranyi FRANKFURT (Reuters) -European Central Bank policymakers are leaning towards a half-percentage-point rate hike on…
March 2023
Uneasy Calm Descends After SVB-triggered Turmoil
By Dhara Ranasinghe LONDON (Reuters) – An uneasy calm descended on world markets on Wednesday, with efforts by regulators and…
H&M Slips Out Of Fashion As First-quarter Sales Lag
STOCKHOLM (Reuters) -H&M, the world’s second-biggest fashion retailer, reported on Wednesday a smaller-than-expected increase in sales over the period December…
BMW Promises Stable Prices, Raises Margin Forecast For 2023
BERLIN (Reuters) -BMW forecast on Wednesday an 8% to 10% margin for its autos segment in 2023, up from last…
Dollar Finds Footing As SVB Fears Calm Down
By Tom Westbrook SINGAPORE (Reuters) – The dollar was attempting to steady in Asia on Wednesday, as investors dialled back…
Marketmind: Pride And Prudence Expected In UK Budget
A look at the day ahead in European and global markets from Ankur Banerjee The relief rally in the market…
China’s Jan-Feb Property Investment Falls At Slower Pace
BEIJING (Reuters) – China’s property investment fell at a slower pace over the first two months of 2023, official data…
Oil Prices Rebound After OPEC Upgrades China Demand Outlook
By Yuka Obayashi and Florence Tan TOKYO (Reuters) – Oil prices rebounded more than 1% on Wednesday, recovering from the…
Samsung Electronics To Invest $230 Billion Through 2042 In South Korea Chipmaking Base
SEOUL (Reuters) – Samsung Electronics Co Ltd on Wednesday said it will invest around 300 trillion won ($230 billion) by…
SVB Failure Offers Lesson For China – State Media
SHANGHAI/HONG KONG (Reuters) – The collapse of Silicon Valley Bank (SVB) will not impact China’s financial system but offers an…