business

Oil drops as weak Chinese factory data heightens demand concerns

Oil drops as weak Chinese factory data heightens demand concerns

LONDON, Aug 1 (Reuters) – Oil prices dropped on Monday as weak manufacturing data from China and Japan weighed on the demand outlook while investors braced for this week’s meeting of officials from OPEC and other top crude producers on supply adjustments. Brent crude futures were down $1.42, or 1.4%, at $102.55 a barrel by …

Oil drops as weak Chinese factory data heightens demand concerns Read More »

Emerging markets hit by record streak of withdrawals by foreign investors

Emerging markets hit by record streak of withdrawals by foreign investors

Foreign investors have pulled funds out of emerging markets for five straight months in the longest streak of withdrawals on record, highlighting how recession fears and rising interest rates are shaking developing economies. Cross-border outflows by international investors in EM stocks and domestic bonds reached $10.5bn this month according to provisional data compiled by the …

Emerging markets hit by record streak of withdrawals by foreign investors Read More »

Euro zone economy grows 0.7% in the second quarter despite gas crisis and inflation surge

Euro zone economy grows 0.7% in the second quarter despite gas crisis and inflation surge

Growth in the euro zone economy accelerated in the second quarter of the year, but the region’s prospects get hit as Russia continues to reduce gas supplies. The 19-member bloc registered a gross domestic product rate of 0.7% in the second quarter, according to Eurostat, Europe’s statistics office, beating expectations of 0.2% growth. It comes …

Euro zone economy grows 0.7% in the second quarter despite gas crisis and inflation surge Read More »

Shell smashes record again with $11.5 billion profit

Shell smashes record again with $11.5 billion profit

General view of a Shell petrol station sign in Milton Keynes, Britain, January 5, 2022. REUTERS/Andrew Boyers/File Photo GLOBAL BUSINESS WEEK AHEAD Register now for FREE unlimited access to Reuters.com Register Shell announced $6 bln buyback program Refining margins triple in second quarter Strong gas and power trading lift profits LONDON, July 28 (Reuters) – …

Shell smashes record again with $11.5 billion profit Read More »

China's property sales are set to plunge 30% — worse than in 2008, S&P says

China’s property sales are set to plunge 30% — worse than in 2008, S&P says

Most apartments in China are sold before developers finish building them. Pictured here on June 18, 2022, are people selecting apartments at a development in Huai’an, Jiangsu province, near Shanghai. Future Publishing | Future Publishing | Getty Images BEIJING — China’s property sales are set to plunge this year by more than they did during …

China’s property sales are set to plunge 30% — worse than in 2008, S&P says Read More »

Earnings and gas worries keep Europe subdued

Earnings and gas worries keep Europe subdued

A man wearing a protective mask, amid the coronavirus disease (COVID-19) outbreak, walks past an electronic board displaying various countries’ stock indexes including Russian Trading System (RTS) Index which is empty, outside a brokerage in Tokyo, Japan, March 10, 2022. REUTERS/Kim Kyung-Hoon Register now for FREE unlimited access to Reuters.com Register European stocks subdued as …

Earnings and gas worries keep Europe subdued Read More »

Live news updates: German recession looms as business confidence hits 2-year low

Live news updates: German recession looms as business confidence hits 2-year low

Let the games begin. No, not the acrimonious tussle between the final two candidates in the Conservative party’s leadership election — although you can watch that on the BBC on Monday. This week is the start of the Commonwealth Games in the UK’s second-largest city, Birmingham. The opening day of the international sports fest will …

Live news updates: German recession looms as business confidence hits 2-year low Read More »

Video appears to show Taco Bell worker pouring scalding water on customers

Video appears to show Taco Bell worker pouring scalding water on customers

Video released Friday by attorneys representing two customers suing Taco Bell appears to show a person behind the counter of a Dallas store swinging a bucket of steaming liquid at them. The pair say they suffered serious burns when a store manager poured the water on them as they complained about an incomplete order, their …

Video appears to show Taco Bell worker pouring scalding water on customers Read More »

Market Rally Faces Earnings Wave;  What To Do Now

Market Rally Faces Earnings Wave; What To Do Now

Dow Jones futures will open on Sunday evening, along with S&P 500 futures and Nasdaq futures. The stock market rally had strong gains last week, breaking above some key resistance. Techs pulled back Friday on Snap (SNAP) and other poor earnings. Apple (AAPL), Microsoft (MSFT), Google parent Alphabet (GOOGL), Amazon.com (AMZN) and Facebook parent Meta …

Market Rally Faces Earnings Wave; What To Do Now Read More »