Gold Prices Temper After Sharp Rise
Base metals prices were largely rangebound, while gold prices fell back after having risen sharply as demand for safe-haven assets got boosted […]
Telia Lifts Guidance on Earnings Beat
Telia upgraded its Ebitda outlook after it posted a 9.5% rise in underlying earnings in the third quarter as its telecoms business […]
Fed’s Powell Speech Could Lift Dollar Further
The dollar traded steady in early trade, and it could get another boost from a speech later by Jerome Powell on the […]
Nokia to Cut Thousands of Jobs as Profit Plummets
Nokia launched a plan to cut as many as 14,000 jobs as it seeks to save up to €1.2 billion after it […]
TSMC’s Profit Fell on Weaker Demand for Smartphones, High-Speed Computing
The world’s largest contract chip maker said third-quarter net profit declined 25% from a year earlier.
Nestle Reports Sales Miss
Nestle’s organic sales rose by a less-than-expected 7.8% in the first nine months driven by price increases as inflation remained high, but […]
SAP Backs Guidance After Third-Quarter Revenue Boost
The software company confirmed its guidance for the year after posting higher revenue and operating profit for the third quarter, led by […]
Bank of Korea Stands Pat Again as Economy Shows Signs of Cooling
South Korea’s central bank stood pat on interest rates, as the economy shows signs of cooling while uncertainty in the Middle East […]
Chinese-Owned Pork Producer Smithfield Prepares for U.S. Listing
WH Group, the Chinese parent of pork giant Smithfield Foods, is working with banks to take the 87-year-old business public again in […]
Want to Beat Your Return-to-Office Mandate? Try ‘Coffee Badging’ at Your Own Risk
Briefly showing face at the office might fulfill a requirement, but bosses say they’re promoting and giving raises to workers who stay […]
Long-term bond yields hit a 16-year high, weighing on stocks. The S&P 500, Nasdaq and Dow retreated 1.3%, 1.6% and 1%, respectively.
Long-term bond yields hit a 16-year high, weighing on stocks. The S&P 500, Nasdaq and Dow retreated 1.3%, 1.6% and 1%, respectively.
Don’t Rule Out a Financial Crisis in China
Extensive fiscal and financial imbalances have taken China, its leadership and the world into uncharted territory.