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Marketmind: Inflation vs recession
A look at the day ahead in markets from Dhara Ranasinghe. Yes, recession risk remains high on markets' radar but no, there are yet few signs that central banks will be swayed in their determination to...
Syndicated Content Jul 05, 2022
Equinor starts shutting Norwegian oilfields due to strike
OSLO (Reuters) - Norway's Equinor has initiated a shutdown of the Gudrun, Oseberg South and Oseberg East fields in the North Sea as a result of a strike among Norwegian offshore workers, the company s...
Syndicated Content Jul 05, 2022
SAS applies for Chapter 11 in the United States
STOCKHOLM (Reuters) - SAS has filed for bankruptcy in the United States, the Scandinavian airline said on Tuesday, warning strike action by pilots had impacted its financial position and liquidity. It...
Syndicated Content Jul 05, 2022
Qatar’s economy grows 2.5% in first quarter
DUBAI (Reuters) - Qatar's economy grew 2.5% in the first quarter from a year earlier, although the growth fell slightly from the previous quarter, official estimates showed on Tuesday. Qatar's real gr...
Syndicated Content Jul 05, 2022
Credit Suisse names new head of Swiss private banking
ZURICH (Reuters) - Credit Suisse on Tuesday said it was naming Roger Suter its new head of private banking in Switzerland, succeeding current manager Serge Fehr. "Credit Suisse is today announcing tha...
Syndicated Content Jul 05, 2022
Cryptoverse: The bonfire of the NFTs
By Elizabeth Howcroft (Reuters) - The NFT dream isn't dead, but it's taken a big non-fungible beating. The market shone gloriously last year as crypto-rich speculators spent billions of dollars on the...
Syndicated Content Jul 05, 2022
From celebration to mass shooting chaos at Chicago suburb’s parade
By Brendan O'Brien and Kanishka Singh HIGHLAND PARK, Ill. - The Chicago suburb of Highland Park had planned for a Fourth of July celebration like so many in communities across the United States: a par...
Syndicated Content Jul 05, 2022
Samsung Q2 solid on server-chip demand, smartphones cloud outlook
By Joyce Lee SEOUL (Reuters) - Samsung Electronics Co Ltd is likely to turn in its best April-June profit since 2018 with a 15% year-on-year rise, as lingering demand for its memory chips from server ...
Syndicated Content Jul 04, 2022
Australia’s central bank raises rates 50bp to 1.35%
SYDNEY (Reuters) - Australia's central bank raised its cash rate 50 basis points to 1.35% on Tuesday and flagged more tightening ahead as it struggles to contain surging inflation. Wrapping up its Jul...
Syndicated Content Jul 04, 2022
Hyundai Motor’s South Korea trade union aims to resume annual wage talks
By Heekyong Yang SEOUL (Reuters) - The union that represents Hyundai Motor Co's South Korean workers said on Tuesday it plans to resume a week of wage talks with management on Wednesday, staving off a...
Syndicated Content Jul 04, 2022
Peoria, IL, USA
58 °F Sunny
