By Guy Faulconbridge and Darya Korsunskaya MOSCOW (Reuters) -Russia said it would resume foreign currency interventions with the sale of yuan from Friday, underscoring the growing importance of China[...]
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January 11, 2023
Christmas fizz prompts UK’s Sainsbury’s to lift profit guidance
By James Davey LONDON (Reuters) -Sainsbury’s, the first listed British supermarket to update on Christmas trading, forecast full-year profit at the upper end of its guidance after shoppers spent[...]
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Marketmind: Keeping counsel ’til CPI
A look at the day ahead in U.S. and global markets from Mike Dolan. No news from the Fed appears to be good news these days. Markets breathed a collective sigh of relief that Tuesday’s first 202[...]
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VW China head sees China’s overall car sales rising 5% in 2023
SHANGHAI (Reuters) -China’s overall passenger vehicle sales are estimated to rise 5% in 2023, Volkswagen AG’s China President Ralf Brandstaetter told Chinese media. New energy vehicles, wh[...]
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South Africa’s Telkom, Rain terminate deal talks; Telkom shares jump
JOHANNESBURG (Reuters) – South African telecoms operator Telkom and data network provider Rain have terminated discussions about a potential acquisition of Rain, Telkom said in a statement on We[...]
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Credit Suisse may halve 2022 bonus pool -Bloomberg News
ZURICH (Reuters) -Credit Suisse is considering a 50% cut to its 2022 bonus pool, Bloomberg News reported on Wednesday, as the Swiss bank presses on with efforts to revive its fortunes after a series o[...]
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Move over TINA, it’s time for TARA
(Refiles to change title in paragraph four to CIO from chief executive for Global Fixed Income at PIMCO. No other changes to text) By Naomi Rovnick (Reuters) – A shakeout in financial markets tr[...]
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China’s 2022 industrial output expected to have grown 3.6% y/y
BEIJING (Reuters) – China’s industrial output is expected to have grown 3.6% in 2022 from the previous year, the Ministry of Industry and Information Technology (MIIT) said on Wednesday, d[...]
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BP hires Equinor exec to lead ventures business
By Ron Bousso LONDON (Reuters) – BP has appointed Gareth Burns to head its global ventures division which oversees the company’s investments in start-up technologies as part of its shift t[...]
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