Signs of ‘serial acceleration’ in Hong Kong despite economic downturn in 2022: UBP UBB told CNBC’s “Squawk Box Asia” on Thursday that Hong Kong’s economy is “in a position to return to expansion” this year. “We’re seeing signs of a cascading acceleration in January. So that’s good news,” said Carlos Casanova, chief economist for Asia …
Eurozone inflation eased in the last two months of 2022 but the economic indicator remains well above the 2% ECB mandate. Jeff Greenberg | Global Image Collection | Getty Images Inflation in the eurozone fell for the third consecutive month in January on the back of a significant drop in energy costs. The headline inflation …
The latest growth figures for the Eurozone have been released as the European Central Bank considers what to do next. Norphoto | Norphoto | Getty Images The eurozone beat expectations on Tuesday by posting positive growth in the fourth quarter of 2022 and easing fears of a possible regional recession. Preliminary Eurostat data released on …
UBSFourth-quarter earnings beat market expectations, but the Swiss banking giant reported a drop in revenue on weak customer activity and warned of an “uncertain” year ahead. The bank reported net income of $1.7 billion for the fourth quarter of last year, bringing its full-year profit to $7.6 billion in 2022. Analysts had expected UBS to …
UBS earnings for the fourth quarter and fiscal year 2022 Read More »
CNBC Pro: What one tech fund manager expects from Apple and Alphabet earnings this week Microsoft It issued a disappointing revenue forecast last week, but its inventory has increased since then. What does that mean for other big tech companies that are set to report their earnings? Technology fund manager Jeremy Gleeson, who manages the …
Asia-Pacific Stocks, Fed, Earnings, Economic Data Read More »
Tourists walk under colorful lanterns in the Beijing tourist resort of Nangong during the Spring Festival holiday on January 23, 2023 in Beijing, China. The Chinese Lunar New Year, or Spring Festival, falls on January 22nd. Vcg | China Optical Group | Getty Images Chinese domestic A stocks were hovering near bull market territory on …
Chinese stocks near the bull market after returning from the Lunar New Year holidays Read More »
Adani Group’s chief financial officer says he is “confident” about selling the secondary shares Adani Group Chief Financial Officer Jugeshinder Singh on Monday said he was confident Adani projectsThe next public offering will be fully subscribed. Secondary stock sales of $2.5 billion Defeat overwhelmed him From nearly $48 as share prices of the group’s subsidiaries …
China back from the new year, CSI 300, New Zealand trade, Fed meeting Read More »
The January market rally faces a major test in the coming week from multiple key events, the most important of which might be the Fed’s rate announcement and press conference. The Fed’s meeting on Tuesday and Wednesday comes amid a flood of corporate earnings reports, with 20% of the S&P 500 reported that week. The …
Apple earnings, Fed meeting drive stocks next week Read More »
Adani shares fell further for the second straight day of losses Shares of Adani Group companies extended sharp losses for the second consecutive trading session in India after the short selling company Hindenburg made her stand short in conglomerate firms earlier this week. Adani denied the allegations in two separate statements, Jatin Jalondwala, head of …
Stocks rose in the Asia-Pacific region as inflation in Tokyo approached a 42-year high Read More »
A trader works on the trading floor of the New York Stock Exchange (NYSE) in New York City, January 26, 2023. Andrew Kelly | Reuters Stock futures fell on Friday morning as investors looked forward to earnings and economic reports due later in the day. Futures related to the Dow Jones Industrial Average fell 42 …
Stock futures are trading lower after the Dow posted a five-day winning streak Read More »
A trader works on the trading floor of the New York Stock Exchange (NYSE) in New York City, January 26, 2023. Andrew Kelly | Reuters Stock futures fell Thursday night as investors looked forward to Friday’s earnings and economic reports. And futures contracts related to the Dow Jones Industrial Average fell 49 points, or 0.14%. …
Stock futures drop after the Dow Jones index posts a five-day winning streak Read More »
The CEO of Toyota is stepping down from his position, effective April 1 The Japanese automaker said that Toyota Motor Corporation President and CEO Akio Toyoda will step down from his post on April 1, to be replaced by current brand chief Koji Sato. Toyoda will become the new chairman of the board, while current …
