By Marc Jones LONDON (Reuters) – Share markets cruised to a fifth straight day of gains on Friday and bonds headed for their best month since 2008, as a dip in the Fed’s favoured inflation gauge and a record monthly drop in euro zone inflation figures brought some end-of-quarter cheer. An action-packed Q1 was drawing…
(Reuters) -Shares of companies tied to former U.S. President Donald Trump gained in early trading on Friday, drawing interest from retail investors after the ex-president was indicted in a historic first. Trump, the frontrunner to be Republican nominee in 2024, was indicted by a Manhattan grand jury after an investigation into hush money paid to…
A look at the day ahead in U.S. and global markets from Mike Dolan Global investors seem keen to put the March bank shock behind them, but inflation’s grim persistence makes it difficult to clear the horizon. The final day of the month and first quarter – and the approach of Easter breaks in parts…
By Corina Pons and Helen Reid MADRID (Reuters) – A year into chairing the world’s biggest fashion retailer, Marta Ortega is trying to shake up Zara owner Inditex’s fast-fashion image and draw in more aspirational shoppers, according to analysts and investors. That strategy has already helped Inditex grow sales and profits as the retailer passed…
By David Kirton SHENZHEN, China (Reuters) – China’s Huawei Technologies Co Ltd said net profit slumped last year, as the tech conglomerate boosted research and development spending and grappled with increases in materials costs. But revenue climbed 0.9%, in line with a company prediction, suggesting that Huawei has reached some level of stability after successive…
By Victoria Waldersee and Christina Amann BERLIN (Reuters) -BMW is betting on efficient design and recycling to bring down battery costs and is steering clear of investing in mines, its finance chief said on Friday, setting it apart from some competitors digging deep into the supply chain. “We don’t think it is right to invest…
LONDON (Reuters) – Britain’s economy grew in the fourth quarter of last year, official data showed on Friday, with a jump of business at travel agents and state support for soaring energy bills helping the country to avoided falling into recession. Economic output increased by 0.1% in the October-to-December period from the previous three months…
TOKYO (Reuters) -Japan said on Friday it will restrict exports of 23 types of semiconductor manufacturing equipment, aligning its technology trade controls with a U.S. push to curb China’s ability to make advanced chips. Japan, home to major global chip equipment makers such as Nikon Corp and Tokyo Electron Ltd, did not specify China as…
By Sudarshan Varadhan BEIJING (Reuters) -Oil prices were very slightly down in Asian morning trade on Friday as bullish sentiment about Chinese demand and potential Middle Eastern supply disruptions was tempered by uncertainty over U.S. economic data on Friday. Brent futures, which have risen nearly 6% this week, were down 19 cents, or -0.24%, at…
By Xinghui Kok (Reuters) – Growth in the developing economies of East Asia and the Pacific will accelerate in 2023 thanks to China’s reopening and economic rebound, but high inflation and household debt will weigh on consumption in some countries, the World Bank said on Friday. The Washington-based lender in a report said it expected…
