Incoming Philippine c.bank governor says may consider bigger rate hikes
The Philippine central bank may consider bigger interest rate hikes to support the peso, though will not be obliged to match policy tightening by the U.S. Federal Reserve, the Southeast Asian country’s incoming governor said on Wednesday.
FedEx’s new CEO to chart growth plan as challenges mount
FedEx Corp’s (FDX.N) new chief executive on Wednesday will lay out long-term growth plans for the global shipping firm that is grappling with cooling economies, rampant inflation and pressure from both an activist investor and unhappy delivery contractors.
World stocks skid as consumer data flashes recession worry
Global stock markets slipped for the second straight day on Wednesday and bond yields inched lower on growing fears that policymakers bent on dampening inflation will tip their economies into recession.
Analysis: Meme stock investors place risky bet on bankrupt Revlon being the next Hertz
The 30-year-old plumber from Oxford, North Carolina, scored a 350% profit last week by selling half the shares in the U.S. cosmetics maker he bought after it filed for bankruptcy protection on June 16. He thinks he can make even more by holding on to the rest of his shares through the bankruptcy.
Analysis: High energy prices could sink U.S. stocks during earnings season
Sky-high oil prices pose yet another obstacle to U.S. corporate earnings, and some on Wall Street are worried this could sink stock prices even deeper into the red.
Buy now, pay later firm Zip to raise fees amid surging inflation
Australian buy now, pay later company Zip Co Ltd (ZIP.AX) said on Wednesday it would raise fees for customers and merchants, as it tries to weather an onslaught from soaring inflation and rising interest rates on its business.
Friday’s Russell rebalance may stoke more volatility in nervous stock market
Investors in the volatile U.S. stock market are preparing for what may be one of the heaviest trading days of the year on Friday, as FTSE Russell completes the rebalancing of indexes that are tracked by trillions of dollars in investor funds.
Exclusive: India’s Tata Steel bought 75,000 tonnes of Russian coal in May
India’s top steelmaker Tata Steel (TISC.NS) imported about 75,000 tonnes of coal from Russia in the second half of May, two trade sources and one government source said, weeks after pledging to stop doing business with Russia.
Analysis: Are high prices unpatriotic or as American as you can get?
President Joe Biden’s pointed criticism of oil and gas companies for earning massive profits as families suffer from high gasoline prices challenges a pillar of American capitalism: that U.S. companies should make as much profit as they legally can, and direct that windfall back to investors.
European shares rise, dollar slips as market selloff pauses
European shares opened higher on Tuesday, recovering slightly from last week’s 17-month lows as the selloff paused, but major central banks’ rate hike plans and global recession risks kept investors cautious.
