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Blog 3 Columns

  • Fashion Retailer H&M’s Profit Tumbles As Costs Bite

    Fashion Retailer H&M’s Profit Tumbles As Costs Bite0

    Sweden’s H&M reported on Friday a much larger than expected drop in September-November profit, hit by weak consumer confidence and soaring costs that it did not fully pass on to price tags, sending its shares down 7% in early trade. Operating profit in the period, the world’s second-biggest fashion retailer’s fiscal fourth quarter, was 821

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  • Asian Stocks Rise Tracking Positive U.S. GDP, Adani Extends Losses

    Asian Stocks Rise Tracking Positive U.S. GDP, Adani Extends Losses0

    Most Asian stock markets rose on Friday as appetite for risk-driven assets was supported by better-than-expected U.S. economic growth data, while Indian stocks extended their descent as heavyweight Adani remained under pressure from a short seller report. Overnight data showed that the world’s largest economy grew more than expected during the fourth quarter, dispelling some

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  • Oil Treads Water Ahead of OPEC+ Panel Meeting, PCE Inflation Data

    Oil Treads Water Ahead of OPEC+ Panel Meeting, PCE Inflation Data0

    Oil prices moved little on Friday and were set to end the week flat amid caution over an upcoming OPEC+ panel meeting, as well as more cues on the U.S. economy from a reading on the Federal Reserve’s preferred inflation gauge. Ministers from Algeria, Kuwait, Venezuela, Russia and Oman are set to meet virtually next

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  • Flavour Maker Givaudan Beats Earnings Forecasts in a Tough Year

    Flavour Maker Givaudan Beats Earnings Forecasts in a Tough Year0

    Swiss fragrance and flavour maker Givaudan on Wednesday reported better-than-expected earnings for a year characterized by high input costs and supply chain disruptions. The group, which so far has successfully passed steep input cost increases on to customers, however saw a slowdown in sales during the latter half of 2022, particularly in its flavours business

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  • Oil Rises After Steep Losses, But Recession Fears Limit Gains

    Oil Rises After Steep Losses, But Recession Fears Limit Gains0

    Oil prices rose on Wednesday, recovering a measure of sharp losses from the prior session, although fears of a global recession and signs of another major build in U.S. inventories kept gains limited. Crude prices have fallen into a holding pattern over the past month, with markets constantly weighing the prospect of slowing global economic

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  • Saga Rises After Confirming Talks to Sell Insurance Business

    Saga Rises After Confirming Talks to Sell Insurance Business0

    Shares in Saga (LON:SAGA) rose on Monday after the company confirmed on a weekend report saying it’s in talks to sell its insurance business Acromas. The Sunday Times had reported that the group wants to use the proceeds from the sale to pay down debt, after a year in which financing costs have risen substantially

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  • Indian Stocks Rise On Strong Bank Earnings, Asian Markets Advance

    Indian Stocks Rise On Strong Bank Earnings, Asian Markets Advance0

    Indian stocks rose on Monday following a series of strong earnings from heavyweight bank stocks, while broader Asian stocks rose slightly, although market holidays dulled trading volumes across most of the region. India’s BSE Sensex 30 and Nifty 50 indexes rose 0.7% each, buoyed largely by major bank stocks following better-than-expected results from ICICI Bank

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  • Asia FX Rises in Holiday Trade as China Recovery Bets Grow

    Asia FX Rises in Holiday Trade as China Recovery Bets Grow0

    Most Asian currencies strengthened in thin trade on Monday, while the dollar weakened further amid growing bets that the Chinese economy will bounce back this year, with focus also turning to key U.S. data due this week. Regional trading volumes were limited with most markets closed for the Lunar New Year. But markets are betting

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  • Musk to jury: Just Because I Tweet Something, Doesn’t Mean People Believe it

    Musk to jury: Just Because I Tweet Something, Doesn’t Mean People Believe it0

    Elon Musk, Tesla (NASDAQ:TSLA) Inc’s chief executive, testified on Friday that investors do not always react to his Twitter messages as he expects, defending himself in a fraud trial over his 2018 tweet that he had funding to take the electric carmaker private. Musk’s testimony began with questions about his use of Twitter, the social

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