Posts From Nikki Bailey
Oil prices hit two-month highs on Wednesday on tight supply and easing concerns about the potential hit to demand from the Omicron coronavirus variant. Federal Reserve Chairman Jerome Powell said on Tuesday the economy of the United States, the world’s
Volkswagen AG (VOWG_p.DE) said it would likely double sales of its ID battery electric vehicles in China this year and aims to do even better but the automaker could be hamstrung by a shortage of semiconductors. The ID series, which Volkswagen produces
Oil prices edged up on Monday as supply disruptions in Kazakhstan and Libya offset worries stemming from the rapid global rise in Omicron infections. Brent crude rose 24 cents, or 0.3%, to $81.99 a barrel at 0730 GMT, while U.S.
Asian share markets were muted on Monday as investors count down to another U.S. inflation reading that could well set the seal on an early rate hike from the Federal Reserve, lifting bond yields and punishing tech stocks. The explosion
Emerging economies must prepare for U.S. interest rate hikes, the International Monetary Fund said, warning that faster than expected Federal Reserve moves could rattle financial markets and trigger capital outflows and currency depreciation abroad. In a blog published Monday, the
Virgin Australia said on Monday it would reduce capacity across its network by around 25% for the rest of January and for February due to reduced travel demand and staff being required to isolate as COVID-19 case numbers rise in
European stocks close lower as euro zone inflation hits record high; U.S. jobs data disappoints
The pan-European Stoxx 600 provisionally ended down 0.5%, with most sectors in negative territory and major bourses pointing in opposite directions. It comes after inflation in the euro zone hit a new record high in December, raising more questions about the European
Samsung Electronics Co Ltd (005930.KS) is likely to post a record fourth-quarter profit thanks to solid demand for server memory chips and higher margins in contract manufacturing, analysts’ estimates showed. Operating profit for the world’s biggest memory chip and smartphone
Japan’s factory output surged 7.2% in November, government data showed on Tuesday, beating a median market forecast for a 4.8% rise. Manufacturers surveyed by the Ministry of Economy, Trade and Industry expect output to increase 1.6% in December and 5.0%
China’s economy hit its slowest pace of growth in a year in the third quarter, hurt by power shortages, supply chain bottlenecks and major wobbles in the property market and raising pressure on policymakers to do more to prop up