HSBC shares sink to bottom of FTSE 100 despite profits topping City forecasts October 25, 2022 HSBC’s profits slid over 40 per cent in the third quarter of the year as it was hit by rising loan losses and hefty charges relating to the sale of its French retail business.
Europe to stave off blackouts this winter if it avoids more “surprises” October 25, 2022 Europe should avoid blackouts this winter unless they are more "surprises", predicts the International Energy Agency.
Oil prices remain firm as China considers easing Covid-19 restrictions October 20, 2022 Oil prices have risen slightly on both major benchmarks, amid reports China is considering easing Covid-19 quarantine measures.
BHP trumps rivals with robust iron ore production October 19, 2022 BHP has reported a robust increase in production across the board, navigating the challenging headwinds of Chinese lockdowns.
Rio Tinto fears recession and Covid clampdowns will hit iron ore shipments October 18, 2022 Iron ore demand will be weighed down by a global slowdown in commodity markets, warned Rio Tinto.
EU urged to ramp up EV support to fend off China’s advance October 17, 2022 The EU was urged to ramp up its economic support for the electric vehicle (EV) transition if it wants to fend off China’s advance into the market. A study published today by European NGO Transport & Environment shows that EV sales in the continent slowed down over the last few months, going down from 13 [...]
Recession fears outweigh OPEC+ cuts amid oil price slump October 16, 2022 Oil markets will open tomorrow with prices weighed down by global recession fears and weakening oil demand.
US vs China superpower rivalry helps drive cryptocurrency markets October 12, 2022 Crypto AM columnist Nigel Green examines the evergreen niggle between the US and China, and what impact it has on cryptocurrency.
Intel to cull thousands of jobs amid sales slowdown October 12, 2022 Intel is set to cull thousands of staff as the chipmaker attempts to fight off a sales slowdown. According to initial reports from Bloomberg, the layoffs will be announced as early as this month, slimming back its 113,700 global headcount. Sources told the publication that the sales and marketing teams could see as many as [...]
Chipmakers continue to feel hangover from US export ban October 11, 2022 SHARES in chipmakers continued to tumble today, as the sector feel the hangover of Washington’s decision to limit chip exports to China. Adding fuel to the US-China tech war on Friday, President Joe Biden blocked American firms from selling chips for use in AI and supercomputers in China. He said these curbs were aimed at [...]