(Reuters) – Decades-high inflation and the impact of war in Ukraine have forced companies across Europe into lay-offs or hiring freezes. Here are some of the companies that have announced cuts: AIRLINES, AUTOS, TRAVEL * AIR FRANCE: France’s flagship carrier was in talks to shed nearly 300 ground-staff positions through voluntary redundancies, newspaper Le Figaro…
By Johann M Cherian (Reuters) – U.S. stock index futures fell on Tuesday as disappointing earnings and forecasts from bellwethers including Caterpillar, McDonald’s and Pfizer set the tone for the busiest earnings week this season, ahead of the outcome of the Federal Reserve’s rate-setting meeting. Fourth-quarter earnings season took center stage, with Caterpillar Inc down…
By Medha Singh and Lisa Pauline Mattackal (Reuters) – Big investors are dipping their toes into crypto waters again after a bumper month for bitcoin. Digital asset investment products, often favored by institutional investors, saw inflows of over $117 million last week, the biggest weekly increase since last July, according to data from asset manager…
By Harry Robertson and Tom Westbrook LONDON/SINGAPORE (Reuters) – The dollar ticked higher on Tuesday ahead of a raft of central bank decisions but remained on track for its fourth consecutive monthly loss. The U.S. Federal Reserve will set interest rates on Wednesday, followed by the European Central Bank (ECB) and Bank of England (BoE)…
By Siddhi Nayak and Dharamraj Dhutia MUMBAI (Reuters) – Indian conglomerate Adani Group’s locally listed bonds have resisted the panic selling in the groups’ dollar-denominated debt and domestically listed stocks since last Wednesday following short-seller Hindenburg Research’s scathing report on the group. Hindenburg accused the conglomerate of improper use of offshore tax havens and flagged…
By Rowena Edwards LONDON (Reuters) -Oil prices fell on Tuesday as the prospect of further interest rate increases and ample Russian crude flows outweighed demand recovery expectations from China. March Brent crude futures fell by $1.01, or 1.19%, to $83.89 per barrel by 0920 GMT. The March contract expires on Tuesday and the more heavily…
BEIJING (Reuters) – China is seriously concerned about a report that the United States has stopped approving licences for U.S. companies to export items to tech giant Huawei, a foreign minsitry spokesperson said on Tuesday. “We are closely following relevant developments,” Mao Ning told a regular news briefing in response to a query on the…
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – Recession worries are sending investors into Treasuries and other fixed income investments ahead of the Federal Reserve’s first meeting of 2023, even as stocks start the year with a hopeful rally. Yields on the benchmark U.S. 10-year Treasury note, which move inversely to prices, have fallen by around…
LONDON (Reuters) – Central banks added a whopping 1,136 tonnes of gold worth some $70 billion to their stockpiles in 2022, by far the most of any year since 1967, the World Gold Council (WGC) said on Tuesday. The data underline a shift in attitudes to gold since the 1990s and 2000s, when central banks,…
A look at the day ahead in European and global markets from Anshuman Daga An impressive 6% rally in global stocks this month, the first gain in January after three years, has got investors all excited after a dismal 2022. Fundamentally, prospects for the world economy are not as bad as feared just a few…
