Oil nears 5-week low amid fears of rising rates, worsening growth
Oil prices fell in early Asian trade on Monday and were moving close to a five-week low as concerns over…
Gold pinned below $2,000 as rate hike fears persist
Gold prices inched up after recent losses on Monday, remaining under pressure as fears of a looming interest rate hike…
Russia’s Medvedev warns Moscow will scrap grain deal if G7 bans exports
(Reuters) – Former Russian president Dmitry Medvedev said on Sunday that if the G7 moved to ban exports to Russia,…
G7 calls for extension, full implementation and expansion of Black Sea grain deal
(Reuters) – The Group of Seven (G7) economic powers called on Sunday for the “extension, full implementation and expansion” of…
Citigroup’s Asia Q1 wealth revenue jumps 20% amid new clients, investment gains
(Reuters) -Citigroup’s Asia wealth revenue surged 20% in the first quarter of 2023, backed by investment gains, insurance revenue and…
Philips shares jump on recall provision and profit improvement
(Reuters) -Philips shares jumped 13% on Monday as the Dutch health technology company reported much better than expected first-quarter results…
Paramount agrees to settle Viacom-CBS merger investor lawsuit
(Reuters) -Paramount Global has agreed to a $167.5 million settlement of a case stemming from the 2019 merger of Viacom…
Credit Suisse saw $68 billion in first-quarter outflows as it crumbled
(Reuters) – Credit Suisse said on Monday it had 61 billion Swiss francs ($68 billion) in net asset outflows in…
Norway’s oil fund to vote against climate resolution at BP
(Reuters) -Norway’s $1.4 trillion sovereign wealth fund, one of the world’s largest investors, said on Saturday it will vote against…
Canada, Volkswagen to invest more than C$20 billion in EV battery gigafactory
(Reuters) -Canada and Volkswagen (ETR:VOWG_p) on Friday together committed more than C$20 billion ($14.8 billion) for a battery gigafactory in…