Indonesia’s GDP speeds up on easing COVID-19 curbs, brisk exports
Indonesia’s economic growth accelerated in the final quarter of last year as consumption perked up following the easing of anti-virus mobility restrictions and as stronger commodity prices pushed exports to record highs.
Taiwan lifts forex trading punishment on Deutsche -sources
Taiwan’s central bank has allowed Deutsche Bank (DBKGn.DE) to start trading Taiwan dollar deliverable and non-deliverable forwards again, three sources told Reuters, after it suspended them as part of a crackdown on speculation last February.
Is this the start of Facebook’s real-time downfall?
Meta Platforms Inc. (Facebook) had a historic fall last week, with Mark Zuckerberg, the social network’s creator, losing almost $31 billion of his fortune, one of the entrepreneur’s largest personal losses in recent times. It is said to have dropped more than 20% last week after the social networking business issued a weaker-than-expected projection. As […]
EXCLUSIVE Mexican entrepreneur says hiring advisers for Citibanamex bid
A Mexican entrepreneur close to President Andres Manuel Lopez Obrador told Reuters that he has begun hiring financial advisers and law firms to prepare a bid for Citibanamex, Citigroup’s (C.N) Mexican consumer banking arm.
ECB on hold but may acknowledge inflation risks
The European Central Bank is all but certain to keep policy unchanged on Thursday but could acknowledge that inflation could stay high for longer than it had projected, a signal that some may take as a hint at a faster exit from stimulus.
Caterer Compass feeds share price rise with strong revenue recovery
Compass Group (CPG.L), the world’s largest catering firm, said on Thursday its first-quarter revenue was near pre-pandemic levels and stuck to its annual forecast, lifting its shares.
Explainer: The U.S. yield curve has been flattening – Why you should care
The U.S. Treasury yield curve has been flattening over the last few months as the Federal Reserve prepares to hike rates, and some analysts are forecasting more extreme moves or even inversion.
Swedbank shares hit by interest income dip
Swedish lender Swedbank (SWEDa.ST) reported slightly worse than expected quarterly earnings on Wednesday, with a drop in interest income disappointing investors and sending its shares down more than 4%.
Japanese banks sound caution for earnings as Omicron highlights bad loan risks
Japan’s biggest lenders on Wednesday all sounded alarm about the risk the Omicron variant could have on their earnings, reviving concerns that a resurgent pandemic could trigger more bad loans.
Turbulent January could bode poorly for rest of year for U.S. stocks
2022 is off to a turbulent start for U.S. stocks.
