Ukraine’s Economy Stabilizes After Shock of War
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...
Asian Stocks Hit By Tech Rout, More Fed Cues Awaited
Most Asian stock markets sank on Wednesday tracking overnight losses on Wall Street, with technology-heavy indexes losing the most as caution kicked in ahead of the minutes of the Federal Reserve’s February meeting. Japan’s Nikkei 225, the Taiwan Weighted index, and South Korea’s KOSPI...
Asian Stocks Muted Amid Fed Fears, China Buoyed By Stimulus Hopes
Most Asian stocks kept to a tight range on Monday as markets awaited more cues on monetary policy from a slew of Federal Reserve events this week, while Chinese stocks rose sharply on the prospect of more stimulus spending by the government. China’s Shanghai...
Shell, Chevron And Petrobras Weigh Guyana Oil Auction Bids -Sources
Guyana's coming auction of offshore oil exploration blocks has lured at least 10 companies including Shell (LON:RDSa), Petrobras and Chevron , to consider the decade's hottest oil region, people close to the matter said. The South American country is offering 14 offshore blocks, a...
European Stocks Higher; Lufthansa Soars After Returning To Profit
European stock markets traded higher Friday, boosted by positive sentiment overseas ahead of the release of the final reading of Eurozone services activity data. At 03:50 ET (08:50 GMT), the DAX index in Germany traded 0.9% higher, the CAC 40 in France climbed 0.6%...
Oil Prices Rangebound As Markets Await China, U.S. Economic Cues
Oil prices moved in a small range on Tuesday as traders awaited more cues from Chinese and U.S. business activity readings due this week, although fears of rising interest rates and slowing economic growth saw markers nursing steep losses. Crude markets cut short a...
Asian Stocks Edge Past Weak Economic Signals, Chinese Shares Lag
Most Asian stocks rose slightly on Wednesday as markets weighed worsening economic conditions in the region against the prospect of a pause in the Federal Reserve’s rate hike cycle this month. But China’s Shanghai Shenzhen CSI 300 and Shanghai Composite indexes lagged their peers,...
Puma Raises Dividend After Record Sales in 2022 But Sees 2023 Profit Falling
Puma (ETR:PUMG) reported record sales and earnings before interest and taxes in 2022 but warned that profit is likely to fall this year as high interest rates and inflation crimp consumer spending. The German sports gear maker, which lost its chief executive Bjørn Gulden...
Japan Startup Selling $550,000 Star Wars-inspired Hoverbike To List On NASDAQ
Japanese startup Aerwins Technologies, which is selling a Star Wars-inspired $555,000 hoverbike, has received approval to list on the NASDAQ in a merger with blank-check firm Pono Capital Corp, the manufacturer said on Friday. Aerwins, which is taking orders for the XTurismo hoverbike with...
Australia wins U.S. Support For Critical Minerals Industry
Australia has won the backing of the United States for development of its critical minerals industry after the two countries reached an agreement to coordinate polices and investment to support the industry’s growth. Australia supplies around half of the world’s lithium as well as...