By Naomi Rovnick and Yoruk Bahceli LONDON (Reuters) – Just like that, euphoria in the world’s biggest bond markets has…
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…
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…
Marketmind: Interminable anxiety
A look at the day ahead in U.S. and global markets from Mike Dolan. U.S. inflation is not falling fast…
U.S. asset manager Van Eck to abort mutual fund plan in China -sources
By Selena Li and Samuel Shen HONG KONG (Reuters) – American investment manager Van Eck will terminate a plan that…
Glencore hands $7.1 billion to shareholders after record profit
By Clara Denina and Helen Reid LONDON (Reuters) -Glencore announced a payout of $7.1 billion to its investors on Wednesday,…