StanChart shares plummet on almost $1 billion hit from China exposure
(Reuters) – StanChart shares fell as much as 17% in London on Thursday before trading was temporarily halted, after it…
Price rises slow, but Unilever and others struggle to win shoppers back
(Reuters) – Packaged goods makers including Unilever (LON:ULVR) and Nestle disappointed investors with weak third-quarter sales volumes, but that could…
Factbox-Governments race to regulate AI tools
(Reuters) – Rapid advances in artificial intelligence (AI) such as Microsoft-backed OpenAI’s ChatGPT are complicating governments’ efforts to agree laws…
Ford, UAW reach tentative deal to end strike including record pay raise
(Reuters) -The United Auto Workers (UAW) union reached a tentative labor deal on Wednesday with Ford Motor (NYSE:F), the first…
BNP Paribas posts in-line Q3 profits as trading declines
(Reuters) – BNP Paribas, the euro zone’s biggest bank, posted in-line quarterly results on Thursday, as a jump in corporate…
Oil falls after U.S. stockpiles climb, Middle East tensions in focus
(Reuters) – Oil prices fell on Thursday after a rise in U.S. crude stockpiles and a climb in the dollar…
Dollar up as risk sentiment sours, Treasury yields rise
(Reuters) -The U.S. dollar rose to a near 1-week high against a basket of currencies on Wednesday, as investors’ appetite…
Asia FX weakens, yen on intervention watch after breaching 150
Most Asian currencies fell on Thursday as concerns over higher U.S. interest rates pushed up the dollar and Treasury yields,…
Japanese yen breaches 150, intervention in focus
The Japanese yen weakened past the key 150 level to the dollar on Thursday, raising the chances of intervention in…
European stocks slide on disappointing Q3 results, erasing 2023 gains
European stocks, including the Stoxx 600 benchmark, experienced significant declines on Thursday, nearing the point of wiping out all gains…