By Ron Bousso and Shadia Nasralla LONDON (Reuters) -BP on Tuesday reported a record profit of $28 billion for 2022 while boosting its dividend in a sign of confidence as it sharply raised overall spending plans and scaled back ambitions to reduce oil and gas output by 2030. The blockbuster profit follows similar reports from…
LONDON(Reuters) – Australia was the latest major central bank to raise rates and on Tuesday hinted at further hikes, even as most major central banks steadily move closer to a pause in aggressive monetary tightening as inflationary pressures show signs of easing. Last week, the U.S. Federal Reserve implemented its smallest rise of its tightening…
By Kiyoshi Takenaka TOKYO (Reuters) -Japan’s SoftBank Group Corp fell to a quarterly loss on Tuesday, as its giant Vision Fund investment unit remained in the red for a fourth straight quarter, sharpening focus on when markets will recover enough to allow it to list some assets. The Vision Fund, which upended the world of…
PARIS (Reuters) – A national strike against planned pension reforms reduced France’s power supply and disrupted petrol deliveries from French refineries on Tuesday. Strikes have been taking place since mid-January as unions protest against the government’s plans to make people work longer before retirement. Public transport and schools have also been affected. Total power supply…
(Reuters) – Microsoft Corp said it was investigating issues with email service Outlook as users in North America faced problems with accessing, sending or searching emails on the platform. There were more than 2,000 incidents of people reporting issues with Outlook late Tuesday at about 23:10 ET, according to Downdetector.com, which tracks outages by collating…
MELBOURNE (Reuters) – Barrick Gold has ruled out a counterbid for number-one Australian gold producer Newcrest Mining, its chief executive told Bloomberg, eliminating what had seemed to be the most likely prospect of a rival to bidder Newmont. But another alternative for Newcrest would be lifting its value through sale of assets, analysts said. Newmont,…
By Stella Qiu SYDNEY (Reuters) -Australia’s central bank raised its cash rate 25 basis points to a decade-high of 3.35% on Tuesday and reiterated that further increases would be needed, a more hawkish policy tilt than many had expected. Wrapping up its February policy meeting, the Reserve Bank of Australia (RBA) also dropped previous guidance…
By Chris Taylor NEW YORK (Reuters) – Look at the waves of layoffs happening across America right now, and you are probably pondering something you have not had to think about for quite a while: Plan B. Everyone has one, a rough idea of what they will do if Plan A goes totally haywire. With…
By Rae Wee SINGAPORE (Reuters) – The dollar eased on Tuesday from its rally at the start of the week, but hovered near a one-month peak as traders raised their forecasts of U.S. Federal Reserve interest rate levels needed to tame inflation. The Australian dollar, meanwhile, surged in the aftermath of the Reserve Bank of…
By Neil Jerome Morales and Enrico Dela Cruz MANILA (Reuters) – Philippine annual inflation blew past expectations in January to reach a fresh 14-year high on surging food prices, raising the chance of the central bank delivering a bigger interest rate hike to tame prices when it meets this month. The consumer price index (CPI)…
