Australia’s Central Bank Revises Up Inflation Forecasts As Further Rate Hikes Flagged
Australia’s central bank on Friday revised up its forecasts for core inflation and wages growth and warned of further increases in interest rates, raising the risk the economy could slip into recession. In a hawkish-sounding quarterly Statement on Monetary Policy, the Reserve Bank
AstraZeneca Q4 Core Earnings Beat Estimates Despite Esing COVID Vaccine Demand
AstraZeneca PLC (LON:AZN) posted better-than-expected core income in the fourth quarter, thanks to strong demand for its cancer and rare disease therapies that helped make up for waning sales of its COVID-19 vaccine. Core earnings per share during the three months ended on
Oil Cools After 3-Day Rally Amid Fed Uncertainty, U.S. inventory Build
Oil prices were muted on Thursday as hawkish comments from Federal Reserve officials supported the dollar and brewed some concerns over more interest rate hikes, while U.S. crude inventories also logged a seventh straight week of builds. Hawkish overnight comments from Federal Reserve
Carlsberg Expects Lower Beer Consumption To Hit 2023 Growth
Danish brewer Carlsberg (OTC:CABGY) on Tuesday forecast organic operating profit growth in 2023 below last year’s level as higher beer prices are expected to dent consumption. The world’s third-biggest brewer expects organic operating profit this year to change by between minus 5% and
Hackers Who Breached ION Say Ransom Paid; Company Declines Comment
The hackers who claimed responsibility for a disruptive breach at financial data firm ION say a ransom has been paid, although they declined to say how much it was or offer any evidence that the money had been handed over. ION Group declined
Japan Startup Selling $550,000 Star Wars-inspired Hoverbike To List On NASDAQ
Japanese startup Aerwins Technologies, which is selling a Star Wars-inspired $555,000 hoverbike, has received approval to list on the NASDAQ in a merger with blank-check firm Pono Capital Corp, the manufacturer said on Friday. Aerwins, which is taking orders for the XTurismo hoverbike
Fashion Retailer H&M’s Profit Tumbles As Costs Bite
Sweden’s H&M reported on Friday a much larger than expected drop in September-November profit, hit by weak consumer confidence and soaring costs that it did not fully pass on to price tags, sending its shares down 7% in early trade. Operating profit in
Asia FX Drifts Lower On Hawkish Fedspeak, Weekly Losses On Tap
Most Asian currencies fell on Friday, and were set to close the week lower following hawkish comments from several Federal Reserve officials, as well as growing concerns over a potential recession this year. China-exposed currencies were the worst performers this week, even as
WHO ने फिर चेताया- कोरोना की ‘सुनामी’ हेल्थ सिस्टम को ध्वस्त कर देगी
विश्व स्वास्थ्य संगठन (WHO) ने बुधवार को चेतावनी दी कि ओमिक्रॉन और डेल्टा वेरिएंट (Omicron and Delta) से आने वाली कोविड -19 मामलों (Covid 19) की “सुनामी” पहले से ही अपनी क्षमता से अधिक कार्य कर रही स्वास्थ्य प्रणालियों पर और भी अधिक
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