Stocks rebound but head for worst January since 2016
Stocks staged a modest rebound on Monday as traders put aside concerns about inflation and the crisis in Ukraine to dip back in, but global equities are still headed for their worst January since 2016 after a bruising month for riskier assets.
Caixabank Q4 profit hit by lending income slide
Lower lending income contributed to a 52% drop in net recurring profit at Spain’s Caixabank (CABK.MC) in the fourth quarter, along with the impact of lower one-off gains.
Italy’s UniCredit beats profit forecasts and drops Russian deal
Italian bank UniCredit (CRDI.MI) posted better than expected 2021 results on Friday as the push by new Chief Executive Andrea Orcel to lift revenue began to bear fruit while costs remained in check despite rising pay and one-off charges.
Shell’s renewables boss steps down after less than two years
Shell’s (RDSa.L) head of renewable energies Elisabeth Brinton has stepped down less than two years after taking the reins of the business which the company seeks to rapidly grow as part of its strategy to reduce greenhouse gas emissions.
India’s Ather targets 1 million electric scooters a year as demand soars
Ather Energy, India’s top electric scooter maker by revenue, is raising funds to ramp up annual production to one million scooters over the next three years amid a surge in demand, the startup’s co-founder and chief executive told Reuters.
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.
