Oil rebounds after biggest drop in decades at start of year
Oil rebounded on Thursday after posting the biggest two-day loss for the start of a year in three decades with the shutdown of a U.S. fuel pipeline providing support, though economic concerns capped gains.
Ghana delivers biggest rate hike ever at emergency meeting
Ghana’s central bank on Wednesday delivered its biggest rate hike ever, a 300 basis point increase to 22%, at an emergency meeting to address the economy’s rapid deterioration amid crippling inflation.
Analysis: Scalded by Russia, investment funds tread carefully in China
China, the only big economy promising a growth rebound this year, is again luring foreign investors. Yet the fear that Beijing may someday end up as ostracised from global markets as Russia is keeping a lid on demand.
Barclays shares fall after top investor offloads $1.2 bln stake
Shares in Barclays (BARC.L) fell as much as 6% in early trading on Tuesday, after one of its top investors offloaded a $1.2 billion chunk of stock in the lender at a discount overnight.
Bunge quarterly profit rises 17% on agribusiness boost
Global farm commodities trader Bunge Ltd (BG.N) reported a 17.1% rise in fourth-quarter adjusted profit on Wednesday as large oilseed crops in North America and Europe and strong demand for processed meal and oil bolstered its core agribusiness.
S.Korea’s Krafton, maker of hit game ‘PUBG’, tumbles on debut
Shares in Krafton Inc (259960.KS), the Tencent Holdings-backed (0700.HK) South Korean company behind blockbuster video game “PlayerUnknown’s Battlegrounds” (PUBG), fell as much as 20% on their trading debut on Tuesday.
