By Laura Sanicola (Reuters) – U.S. oil refiner PBF Energy is closing out one of the best financial years in its history, a wild bounce back from the brink in April 2020 when fuel demand and gasoline prices cratered during the pandemic and the company’s value swooned lower than what it had just paid to …
U.S. fuelmakers more than recoup pandemic losses in 2022 Read More »
By Davide Barbuscia and David Randall (Reuters) – Some investors believe an expected recession will force the Federal Reserve to loosen monetary policy next year, even as the central bank projects it will raise rates higher than it previously anticipated and keep them there longer as it fights to crush inflation. The dynamic came into …
By Christoph Steitz FRANKFURT (Reuters) – Germany is bleeding cash to keep the lights on. Almost half a trillion dollars, and counting, since the Ukraine war jolted it into an energy crisis nine months ago. That’s the cumulative scale of the bailouts and schemes the Berlin government has launched to prop up the country’s energy …
Germany’s half-a-trillion dollar energy bazooka may not be enough Read More »
– von Howard Schneider und Reinhard Becker und Zuzanna Szymanska Washington/Berlin (Reuters) – Die US-Notenbank Fed drosselt ihr Zinserhöhungstempo und sieht sich im Kampf gegen die Inflation dennoch längst nicht am Ziel. Sie hob den Leitzins auf der letzten Sitzung vor der Jahreswende um einen halben Prozentpunkt an – auf die neue Spanne von 4,25 …
Fed erhöht Zinsen nicht mehr so kräftig – Senkung vorerst kein Thema Read More »
By Liangping Gao and Ryan Woo BEIJING (Reuters) -China’s property sector shrank further in November, with falls in prices, sales and investment, partly as COVID-19 restrictions hit demand, although recent market-supportive policies and the easing of COVID curbs have burnished the outlook. Analysts expect sentiment to recover gradually next year, as the relaxation of COVID …
China property slumps further in Nov, policies support gradual recovery Read More »
TOKYO (Reuters) -Sumitomo Mitsui Banking Corp will appoint Senior Managing Executive Officer Akihiro Fukutome as its next chief executive, the main banking arm of Japan’s second-largest financial group said on Thursday. Fukutome is currently co-head of Sumitomo Mitsui’s (SMBC) global banking unit, in charge of the Americas division and the Europe, Middle East and Africa …
Sumitomo Mitsui Banking to appoint Fukutome its next chief executive Read More »
A look at the day ahead in European and global markets from Ankur Banerjee With the market on edge after hawkish rhetoric from the Fed, the stage is set for the Bank of England and the European Central Bank to deliver 50 basis point interest rate hikes and chart their path in the fight against …
By Ellen Zhang and Joe Cash BEIJING (Reuters) – China’s economy lost more steam in November as factory output slowed and retail sales extended declines, both missing forecasts and clocking their worst readings in six months, hobbled by surging COVID-19 cases and widespread virus curbs. The data suggested a further deterioration in economic conditions as …
China’s factory, retail sectors skid as COVID hits growth Read More »
JAKARTA (Reuters) – Indonesia posted a larger-than-expected trade surplus last month, as imports unexpectedly contracted on a yearly basis while exports slowed, official data showed on Thursday. November imports were down 1.89% on a yearly basis to $18.96 billion, compared with a prediction of a 7% increase in a Reuters poll. Southeast Asia’s largest economy …
Indonesia books bigger-than-expected Nov trade surplus of $5.2 billion Read More »
(Reuters) – Ford Motor Co and China’s Contemporary Amperex Technology Co Ltd (CATL) are considering building a battery plant in Michigan or Virginia to reap tax benefits without treading on Sino-U.S. political sensitivities, Bloomberg reported on Wednesday. The multibillion-dollar facility will make lithium iron phosphate batteries for Ford’s electric models, Bloomberg reported, citing people familiar …
Ford, China’s CATL considering building U.S. battery plant -Bloomberg Read More »
