Blog Small Slider

Ukraine’s Economy Stabilizes After Shock of War 0

When Russia invaded Ukraine a year ago, the shelves of the Novus supermarket chain in Kyiv quickly emptied as its supply chains – domestic and overseas – collapsed. Fresh produce became scarce and panic buying spread. Oleksiy Panasenko, deputy director general for operations at the popular outlet, recalls how the business reeled before Novus, like

Oil Prices Move Little in Anticipation Of More China Cues 0

Oil prices kept to a tight range on Monday amid persistent concerns over high inflation and rising U.S. interest rates, while traders awaited more cues on demand from key Chinese economic readings this week. Readings on China’s Purchasing Mangers’ Index (PMI) for February are due on Wednesday. Indicators for January had portrayed a somewhat mixed

Abandon Hope, Cineworld Tells Shareholders 0

Cineworld (LON:CINE) shareholders are set to be wiped out completely after talks to bring the company out of bankruptcy failed to attract enough interest from buyers. The owner of the Regal chain of cinemas, which collapsed under the weight of its debts last year, said it had failed to persuade potential buyers to make a

At G20 Meeting, U.S. Accuses Russian Finance Officials Of Complicity in War 0
- Uncategorized
- February 24, 2023
U.S. Treasury Secretary Janet Yellen accused Russian officials attending a G20 finance leaders meeting of being “complicit” in atrocities in Russia’s invasion of Ukraine, while host India avoided mentioning the year-long war in inaugural remarks. Indian Prime Minister Narendra Modi urged the financial leaders to focus on the world’s “most vulnerable citizens”, making no direct
READ MORE
Telekom Reports Q4 Growth, Forecasts Slightly Higher Earnings in 2023 0
- Uncategorized
- February 23, 2023
Deutsche Telekom reported better-than-expected-fourth-quarter earnings on Thursday, citing customer growth in Germany and strong performance from T-Mobile US (NASDAQ:TMUS), and forecast a slight rise in profits this year. Adjusted earnings before interest, tax, depreciation and amortisation after leases (EBITDA AL) of 9.96 billion euros ($10.58 billion) for the quarter, slightly exceeded consensus estimates of 9.9
READ MORE
Asia FX Edges Higher, Korean Won Surges Even As BOK Holds 0
- Uncategorized
- February 23, 2023
Most Asian currencies rose on Thursday, recovering a measure of recent losses as the dollar saw some profit taking, with the won appreciating sharply even as the Bank of Korea held interest rates after 18 months of hikes. The South Korean won rose 0.6% and was the best-performing Asian currency for the day, even as
READ MORE

All Posts

Latest Posts

Top Authors

EDITOR

ADMINISTRATOR

EDITOR

About PressRoom

PressRoom Ltd.

Phone & Fax

Get In Touch With Us

Latest Posts

Latest Galleries