(Reuters) – The New York Federal Reserve said on Wednesday its barometer of manufacturing activity in New York State contracted…
Private equity firm TPG’s Q4 earnings drop 26% on lower asset sales
By Chibuike Oguh NEW YORK (Reuters) – TPG Inc said on Wednesday that its fourth-quarter distributable earnings fell 26% year-on-year…
Resurgent China to drive 2023 oil demand, supply shortfall possible in H2 -IEA
By Noah Browning LONDON (Reuters) -China will make up nearly half of this year’s oil demand growth after it relaxed…
Gucci China, US slump pushes Kering sales down 7%
By Mimosa Spencer and Silvia Aloisi PARIS (Reuters) – Sales at French luxury group Kering fell 7% in the fourth…
Barclays docks execs’ pay by 1 million pounds over regulatory failures
By Iain Withers LONDON (Reuters) -Barclays has docked the pay of some top executives by a combined 1 million pounds…
Goldman says consumer-facing credit cards never became ‘meaningful’ part of strategy
(Reuters) -Goldman Sachs Group Inc said on Wednesday a consumer-facing proprietary credit card never became “a meaningful part” of the…
Tesla to halt some China production for upgrades – Bloomberg News
(Reuters) – Tesla Inc will suspend some production until the end of February as the electric-vehicle maker upgrades the facility…
Global demand for lithium batteries to leap five-fold by 2030- Li-Bridge
(Reuters) – Global demand for lithium batteries is expected to surge more than five-fold by 2030, public-private alliance Li-Bridge said…
Deutsche Bank increases U.S. terminal rate forecast
LONDON (Reuters) – Deutsche Bank has raised its forecasts for where U.S. interest rates will end up, as latest inflation…
Barclays shares tumble 9% as profit disappoints
By Lawrence White and Iain Withers LONDON (Reuters) – Barclays reported a 14% fall in full-year pretax profit on Wednesday…