Australia's central bank drastically raises inflation forecasts, flags more rate hikes

Australia's central bank on Friday drastically revised up forecasts for inflation, foreshadowing how far interest rates might have to rise to bring the country's cost of living crisis under control.

newspaper

06-05-2022

Brazil's Petrobras posts $9 billion profit as Bolsonaro rails against company

Brazil's Petrobras posted a first-quarter net income that beat forecasts on Thursday, just minutes after Brazilian President Jair Bolsonaro railed against the state-run oil company's profitability, saying its executives had no sympathy for ordinary people.

newspaper

06-05-2022

Tokyo consumer prices rise at fastest pace in 7 years

Core consumer prices in Tokyo, considered a leading indicator of Japanese price trends, rose 1.9% in April from a year earlier, marking the fastest annual pace in seven years, government data showed on Friday.

newspaper

05-05-2022

Fast-fashion chain Primark expands sustainable cotton programme

Primark, one of Europe's biggest fast fashion chains, has pledged to train an additional 125,000 smallholder cotton farmers in more sustainable farming methods in India, Pakistan and Bangladesh by the end of 2023.

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05-05-2022

Peloton seeks buyers for minority stake - WSJ

Fitness equipment maker Peloton Interactive Inc is exploring the sale of a sizable minority stake in the company, the Wall Street Journal reported on Thursday, citing people familiar with the matter.

newspaper

05-05-2022

EOG Resources beats profit expectations, raises dividend on soaring oil prices

U.S. shale producer EOG Resources Inc's first-quarter profit beat Wall Street estimates, while it raised its dividend, as the Ukraine crisis pushed oil prices to multi-year highs.

newspaper

05-05-2022

EOG Resources profit more than doubles, dividend raised on soaring oil prices

U.S. shale producer EOG Resources Inc said on Thursday its first-quarter profit more than doubled and raised its dividend, as the Ukraine crisis pushed oil prices to multi-year highs.

newspaper

05-05-2022

Wall Street tumbles as investors fret over bigger Fed rate hikes

U.S. stocks ended Thursday sharply lower amid a broad sell-off, as investor sentiment cratered in the face of concerns that the Federal Reserve's interest rate hike the previous day would not be enough to tame surging inflation.

newspaper

05-05-2022

Wall Street slumps as investors fear bigger Fed rate hikes

U.S. stocks closed Thursday sharply lower as investor sentiment cratered in the face of concerns that the Federal Reserve's interest rate hike would not be enough to tame surging inflation.

newspaper

05-05-2022