(Reuters) – The earnings bonanza rumbles on, with U.S. media and consumer stocks and big oil and renewables topping the list in Europe. Australia and India’s central banks are navigating the shifting sands of data and markets are digesting what the world’s top central banks have to offer. The question is what impact this will …
NAIROBI (Reuters) – Kenya’s private sector activity rose for a third consecutive month in January, helped by improved business in agriculture, manufacturing, services and wholesale and retail sectors, a survey showed on Friday. The S&P Global Kenya Purchasing Managers’ Index (PMI) went up to 52.0 in January from 51.6 a month earlier. Readings above 50.0 …
Kenya private sector activity jumps in January – PMI Read More »
ISTANBUL (Reuters) – Turkish annual inflation dipped to 57.68% in January, official data showed on Friday, but was well above forecasts despite a favourable base effect that is expected to carry on until President Tayyip Erdogan seeks re-election in May. Month-on-month, consumer prices rose 6.65%, the Turkish Statistical Institute said, nearly twice a Reuters poll …
Turkey inflation higher than expected at nearly 58% Read More »
JOHANNESBURG (Reuters) – Activity in South Africa’s private sector in January contracted a its fastest pace since the end of 2021 as new orders fell due to rolling power cuts and weak economic conditions, a survey showed on Friday. S&P Global’s South Africa purchasing managers’ index (PMI) contracted to 48.7 in January from 50.2 in …
South African business activity shrinks solidly in January Read More »
By Mike Dolan LONDON (Reuters) – For all intents and purposes, financial markets think the brutal central bank tightening cycle is done. That may seem like a leap of faith after 36 hours in which three major central banks lifted their main policy interest rates yet again – and warned of more to come. And …
A look at the day ahead in European and global markets from Ankur Banerjee After the central bank triple-header (that’s the Fed, ECB and BoE) buoyed risk appetite and emboldened investor hopes of the end of the massive global tightening cycle came the Big Tech triple-header to revive worries over global economic conditions. Dour fourth-quarter …
By Jessica DiNapoli and Deborah Mary Sophia (Reuters) – Clorox Co on Thursday raised its forecast for annual adjusted profit after reporting a surprise rise in sales, as higher prices helped the bleach maker offset a slowdown in demand for its cleaning products and disinfectants. Chief financial officer Kevin Jacobson said in an interview with …
Clorox lifts annual profit outlook, powered by higher prices Read More »
By Eliana Raszewski BUENOS AIRES (Reuters) – Argentina will roll out a new 2,000-peso bill, the central bank said on Thursday, which would double the face value of the country’s top denomination bank note, but would still only be worth $11 officially and $5 in commonly used parallel markets. The South American country is battling …
Argentina OKs new 2,000 peso bill as inflation bites, still only worth $5 Read More »
NEW YORK (Reuters) – Goldman Sachs Group Inc has appointed Akila Raman as chief commercial and strategy officer of transaction banking within its newly formed Platform Solutions unit, according to an internal memo seen by Reuters on Thursday. Raman joins the unit from within the bank, where she recently served as chief operating officer of …
Goldman Sachs names investment banker in new transaction banking role Read More »
By Laila Kearney NEW YORK (Reuters) -Oil prices settled lower on Thursday as U.S. industrial-linked factory orders dipped, while the dollar strengthened, making crude more expensive for non-American buyers. Brent crude futures settled at $82.17 a barrel, shedding 67 cents, or 0.8%. West Texas Intermediate crude (WTI) settled at $75.88 a barrel, down 53 cents, …
Oil slumps on economic data, stronger U.S. dollar Read More »
