India will withdraw its highest denomination currency note from circulation, the central bank said on Friday. The 2000-rupee note, introduced into circulation in 2016, will remain legal tender but citizens have been asked to deposit or exchange these notes by…
U.S. stock futures were trading in a tight range during Monday’s evening deals, after major benchmark averages finished the regular session lower as rising yields put pressure on risk-sensitive assets ahead of key speeches set to be delivered by Federal…
Taiwan’s exports in January likely fell for the fifth month in a row amid fears of a global recession, uncertainties due to the war in Ukraine, and the COVID situation in China impacting tech demand, according to a Reuters poll….
Chinese hotels and restaurants are seeking employees amid demand recovery in the services sector after the end of Beijing’s zero-COVID protocols, with a survey by a leading recruiter showing a surge in job openings in the hospitality industry. During the…
U.S. stock futures were trading lower during Thursday’s evening deals, after major benchmark averages finished mixed as investors grew cautious after a slew of mixed earnings reports. By 6:35pm ET (11:40pm GMT) Dow Jones Futures were down 0.2%, S&P 500…
Meta Platforms Inc’s stricter cost controls this year and a new $40 billion share buyback sent shares soaring on Wednesday, as CEO Mark Zuckerberg called 2023 the “Year of Efficiency.” The parent of Instagram and Facebook (NASDAQ:META), which has fallen…
The European Central Bank is set to raise interest rates again on Thursday and pencil in more hikes for the next few months, with the only open question being how big these will be. The ECB has been increasing rates…
in third-quarter revenue growth that stemmed from weak performance in key European markets. Organic growth in service revenue dropped to 1.8% year-on-year during the three-month period to December 31 to €9.52 billion (€1 = $1.0883), down from an increase of…
UniCredit pledged on Tuesday to return 5.25 billion euros ($5.69 billion) to investors based on its 2022 results after posting a record quarterly profit, as CEO Andrea Orcel works to meet his ambitious payout plans. Orcel, who has focused UniCredit…
Rising borrowing costs are giving a long-awaited lift to Europe’s beleaguered banks, but they come with a sting in the tail. Last year central banks ended a decade of rock-bottom interest rates as the U.S. Federal Reserve and then the…
