By Erwin Seba HOUSTON (Reuters) – U.S. oil refiners are dialing back operating runs this quarter after sky-high utilization rates…
Markets to central bankers: we don’t believe you
By Naomi Rovnick and Dhara Ranasinghe LONDON (Reuters) – Central bank policy announcements, once viewed as the rule book for…
CNH sees headwinds easing in 2023 after strong Q4 results
By Federica Urso and Federico Maccioni (Reuters) -CNH Industrial said on Thursday its 2023 net sales of industrial activities would…
Bank of England hints rates near peak after 10th hike
By William Schomberg and David Milliken LONDON (Reuters) – The Bank of England signalled the tide was turning in its…
Euro zone shares hit near one-year high on hopes of rate hike pause
By Amruta Khandekar and Ankika Biswas (Reuters) – Euro zone shares hit their highest level in nearly a year on…
Renault, Nissan to present redesign of their alliance on Feb. 6 in London
PARIS (Reuters) – France’s Renault and its Japanese partner Nissan will formally unveil the agreement to reshape their alliance on…
Shell 2022 profit more than doubles to record $40 billion
By Ron Bousso and Shadia Nasralla LONDON (Reuters) – Shell delivered a record $40 billion profit in 2022, the energy…
Central banks hike rates again, but a pause is coming
LONDON (Reuters) – Major central banks are steadily moving closer to a pause in their aggressive interest rate hiking campaigns.…
Santander books record 9.6 billion euro profit for 2022 on lending income
By Jesús Aguado MADRID (Reuters) – A solid rise in revenues and lending income allowed Spain’s Santander to post an…
Bank of England raises rates, signals end to hikes
LONDON (Reuters) – The Bank of England raised interest rates for the 10th time in a row on Thursday, but…