Japan’s ANA surprises with small Q3 operating profit but keeps FY loss guidance
ANA Holdings Inc (9202.T) surprised with a small third-quarter operating profit on Tuesday but Japan’s biggest airline still expects a loss for the year, indicating a worse-than-expected fourth quarter as the Omicron variant spreads.
Japan’s factory output dips more than expected as risks emerge
Japan’s factory output shrank for the first time in three months in December as a decline in machinery production outweighed a small rise in autos, casting a cloud over the strength of the economic recovery.
Ryanair posts quarterly loss but says fares could rise this summer
Ryanair (RYA.I) reported a loss of 96 million euros ($107 million) for the final three months of 2021 but said it was hopeful that rivals’ cuts to capacity may help push prices up in the key summer season.
U.S. economy likely regained steam in Q4, 2021 growth seen best in 37 years
U.S. economic growth likely accelerated in the fourth quarter as businesses replenished depleted inventories to meet strong demand for goods, helping the nation to log its best performance in nearly four decades in 2021.
U.S. consumer confidence dips; more plan to buy big-ticket items
U.S. consumer confidence ebbed slightly in January, with more consumers planning to purchase homes, automobiles and other big- ticket items even as they grew less optimistic about business and labor market conditions in the short term.
Is Omicron causing supply chain disruptions?
In the United States, an omicron outbreak is causing supply chain difficulties. Even though the market previously suffered a shutdown as a result of the pandemic slowly it has been recovering. The Omicron variant, on the other hand, could be the source of major supply chain delays. According to Bloomberg’s monthly survey, growth in the […]
IBM marks strong start to new chapter as cloud revenue booms
IBM (IBM.N) on Monday beat Wall Street estimates for revenue in the fourth quarter, as its focus on the cloud paid off in Big Blue’s first earnings after exiting the slow-growing managed infrastructure business.
UK sees record job creation but inflation squeezes wages
British employers hired a record number of staff last month and labour shortages deepened, increasing the chance that the Bank of England will raise interest rates again next month, but pay was squeezed by rapidly rising inflation.
Analysis: Physical crude oil market steams ahead after Omicron blip
Frantic oil buying driven by supply outages and signs the Omicron variant won’t be as disruptive as feared has pushed some crude grades to multi-year highs, suggesting the rally in Brent futures could be sustained a while longer, traders said.
Oil steady as rising Libyan output offsets supply worries
Oil prices were steady on Monday, as investor bets that global supply will remain tight amid restraint by major producers were offset by a rise in Libyan output.
