Chevron kicks off oil industry’s fourth quarter results with a miss
Chevron Corp (CVX.N) on Friday reported a fourth quarter profit that missed Wall Street estimates despite sharply higher oil and gas prices.
Meme stock hangover: a year after GameStop, traders face gloomier markets
The mood has shifted dramatically a year since a spectacular rally in shares of GameStop (GME.N) captivated Wall Street, launching a mania for so-called meme stocks and putting the spotlight on retail investors as a force to be reckoned with in markets.
AirAsia changes name to Capital A as it grows beyond an airline
Malaysia’s AirAsia Group Bhd (AIRA.KL) said on Friday it had changed its name to Capital A Bhd to reflect its growing portfolio of businesses beyond the core budget airline.
EXCLUSIVE China securities regulator met foreign banks to soothe economic concerns
The China Securities and Regulatory Commission (CSRC) met this week with executives at top western banks and asset managers to reassure them about the country’s economic prospects after regulatory crackdowns in 2021, three sources said on Friday.
Europe falls again after brutal week for stock markets
Europe’s main bourses fell again on Friday as worries about a sudden stop to central bank stimulus and rising tensions between Western powers and Moscow continued to drive world stocks to one of their worst ever starts to a year.
The global economy is in the process of reformation!
After the massive Covid-19 situation, the global economy is returning to normal. The majority of countries are heading to the pre-pandemic economy-related activities. However, the recovery of the economy is still unequal. Unemployment is emerging as one of the major issues. OECD countries despite being economically advanced countries are fighting to strike a balance. The […]
Apple to let iPhones accept credit cards without extra hardware – Bloomberg News
Apple Inc (AAPL.O) is planning a new service that will allow small businesses to accept payments directly on their iPhones without any extra hardware, Bloomberg News reported on Wednesday, citing people with knowledge of the matter.
Singapore hosts third SPAC listing; Novo Tellus-backed firm makes debut
Southeast Asian industrial technology buyout fund Novo Tellus Capital Partners listed its special purpose acquisition company (SPAC) in Singapore on Thursday, marking the third such IPO this month as the city-state seeks to become a hub for SPAC listings.
Dealmaking helps Deutsche Bank deliver biggest profit in a decade
Deutsche Bank (DBKGn.DE) delivered its most profitable year in a decade on the back of a dealmaking bonanza, strengthening Chief Executive Christian Sewing’s hand as he fine tunes a new strategy and targets for the years ahead in March.
Analysis: Investors look to prune portfolio risk as Fed hawkishness rules markets
The Federal Reserve’s hawkish shift is bolstering the case for investors looking to trim risk from their portfolios, as the U.S. central bank trains its guns on surging inflation while giving little indication that it will be swayed by the latest weakness in stocks.
