ZURICH (Reuters) – British American Tobacco is to close a cigarette manufacturing plant in Switzerland next year, laying off the…
Exclusive: Grab to implement cost cuts, cites uncertain macroeconomic situation – CEO in memo
By Anshuman Daga SINGAPORE (Reuters) – Grab Holdings Ltd, Southeast Asia’s biggest ride-hailing and food delivery firm, is rolling out…
Liquidity risks flash private debt warning: McGeever
By Jamie McGeever ORLANDO, Fla. (Reuters) -The comfort blanket of juicy illiquidity premiums that private debt investors enjoy in return…
Norsk Hydro to supply Mercedes-Benz with low-carbon aluminium
By Victoria Klesty OSLO (Reuters) – Norsk Hydro will supply Mercedes-Benz with low-carbon aluminium for a range of models from…
Hong Kong central bank raises rates after Fed hike, HSBC follows
HONG KONG (Reuters) -The Hong Kong Monetary Authority (HKMA) said on Thursday it would raise its base rate charged through…
U.S. fuelmakers more than recoup pandemic losses in 2022
By Laura Sanicola (Reuters) – U.S. oil refiner PBF Energy is closing out one of the best financial years in…
Analysis-Investors bet Fed will blink if recession hits despite ‘higher for longer’ mantra
By Davide Barbuscia and David Randall (Reuters) – Some investors believe an expected recession will force the Federal Reserve to…
Germany’s half-a-trillion dollar energy bazooka may not be enough
By Christoph Steitz FRANKFURT (Reuters) – Germany is bleeding cash to keep the lights on. Almost half a trillion dollars,…
China property slumps further in Nov, policies support gradual recovery
By Liangping Gao and Ryan Woo BEIJING (Reuters) -China’s property sector shrank further in November, with falls in prices, sales…
Marketmind: Thank you, next
A look at the day ahead in European and global markets from Ankur Banerjee With the market on edge after…