Energy 02 April 2024, 11:31 am 1 minute Reuters exclusively reported that Novatek, Russia’s largest producer of liquefied natural gas (LNG), has suspended production at its Arctic LNG 2 project due to sanctions and a shortage of gas tankers. Market Impact The decision to suspend converting natural gas to LNG is a blow to Russia’s …
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Deals 02 April 2024, 11:40 am 1 minute Reuters exclusively reported that investment firm Marathon Partners Equity Management wants British boot maker Dr. Martens to hire bankers and begin an immediate strategic review that could lead to a sale of the company. Market Impact Marathon Partners argues Dr. Martens’ stalled earnings growth and sharp share …
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Economy 05 April 2024, 11:20 am 1 minute Reuters exclusively reported that the Bank of Korea is considering overhauling how it provides guidance on the likely future path of interest rates by extending the timeframe and giving visual estimates in a bid to boost transparency. Market Impact South Korean authorities have been trying to introduce …
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US Federal Reserve Chair Jerome Powell attends a “Fed Listens” event in Washington, DC, on October 4, 2019. Eric Baradat | AFP | Getty Images A hotter-than-expected consumer price index reading rattled markets Wednesday, but markets are buzzing about an even more specific prices gauge contained within the data — the so-called supercore inflation reading. …
Continue reading “‘Supercore’ inflation measure shows Fed may have a real problem”
Government 02 April 2024, 2:34 am 1 minute Reuters exclusively reported that India has asked global and domestic trade houses to avoid buying new-season wheat from local farmers to help the government-backed Food Corporation of India (FCI) procure large quantities to shore up its depleting reserves. Market Impact India, the world’s biggest wheat consumer and …
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Business & Finance 03 April 2024, 2:01 am 1 minute Reuters exclusively reported that Boeing 737 MAX jetliner production has fallen sharply in recent weeks as U.S. regulators step up factory checks and workers slow the assembly line outside Seattle to complete outstanding work. Market Impact Shares of Boeing fell 2% following the news. Article …
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Business & Finance 03 April 2024, 2:06 am 1 minute Reuters exclusively reported that Walt Disney Co secured enough shareholder votes to defeat a challenge against its board mounted by Nelson Peltz’s hedge fund Trian Fund Management. Market Impact Over the last few months, Disney unveiled a string of changes as it sought to win …
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Business & Finance 03 April 2024, 2:27 am 1 minute Reuters exclusively reported that Chinese authorities nudged Swiss agrichemicals and seeds group Syngenta to withdraw its application for a long-delayed $9 billion IPO in Shanghai on concerns about the impact a sizeable new offering would have on a volatile market. Market Impact The reason for …
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Business & FinanceDeals 21 March 2024, 5:21 am 1 minute Reuters exclusively reported that a U.S. lawmaker involved in health policy has asked the Food and Drug Administration why it did not inspect Elon Musk’s Neuralink before allowing the brain implant company to test its device in humans. Market Impact Neuralink, which first tested its …
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Business & Finance 25 March 2024, 5:16 am 1 minute Reuters exclusively reported that Chinese regulators are pushing banks to speed up approvals of new loans to cash-starved private property developers in a bid to revive homebuyer sentiment that risks denting lenders’ asset quality. Market Impact Most top domestic banks have so far shied away …
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