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Istanbul bourse issues market-wide circuit breaker after opening fall
(Reuters) - Turkey's Borsa Istanbul issued a market-wide circuit breaker after the benchmark index dropped 5% within minutes of opening on Wednesday, continuing losses after a devastating earthquake i...
Syndicated Content Feb 08, 2023
Shoppers to face fresh price hikes as stores, suppliers pass on costs
By Richa Naidu LONDON (Reuters) - Shoppers around the world will pay even more for groceries this year than they did in 2022, according to retailers, consumer goods firms and investors, unless commodi...
Syndicated Content Feb 08, 2023
Fitch raises China’s growth forecast to 5% for 2023
(Reuters) - Rating agency Fitch has revised its forecast for China's economic growth in 2023 to 5.0% from 4.1% previously as consumption and broader activity are recovering faster thaninitially antici...
Syndicated Content Feb 08, 2023
SK On confirms termination of non-biding agreement to build battery cell venture in Turkey
SEOUL (Reuters) - South Korean electric vehicle maker SK On said on Wednesday the non-binding memorandum of understanding between SK On, Ford Motor Co and Koc Holding AS to build a battery cell ventur...
Syndicated Content Feb 08, 2023
TotalEnergies posts record net profits of $36.2 billion in 2022
PARIS (Reuters) - French oil major TotalEnergies posted a record adjusted net profit of $36.2 billion in 2022, double the level of a year earlier, joining in the sector's bumper earnings due to higher...
Syndicated Content Feb 08, 2023
Maersk expects 2023 profits to plummet as volumes, freight rates fall
COPENHAGEN (Reuters) -Shipping group A.P. Moller-Maersk on Wednesday reported fourth-quarter earnings slightly below expectations and forecast a 2023 core profit significantly below last year's as vol...
Syndicated Content Feb 08, 2023
Nine global banks invest $45 million in carbon credit platform
LONDON (Reuters) - Nine global banks have invested a total of $45 million in a new platform to help scale up transactions of voluntary carbon credits and make it easier for their customers to particip...
Syndicated Content Feb 08, 2023
Column-Low visibility, low volatility make strange pairing :Mike Dolan
By Mike Dolan LONDON (Reuters) - Like mirages on the horizon, recession forecasts seem to be appearing and disappearing with great regularity - questioning any investment conviction, the reliability o...
Syndicated Content Feb 08, 2023
India cenbank to issue norms to boost green finance, mitigate climate risks
MUMBAI (Reuters) - The Reserve Bank of India will soon issue guidelines for regulated entities to boost green finance and mitigate climate-related financial risks, the central bank governor said on We...
Syndicated Content Feb 08, 2023
Analysis-Rebounding yields could scuttle U.S. stock rally as Powell stays firm on rates
By Lewis Krauskopf NEW YORK (Reuters) - The fate of an early year rally in stocks may depend on whether equities can withstand a recent rise in U.S. Treasury yields, as investors increasingly come aro...
Syndicated Content Feb 08, 2023
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