Why analysts advise patience on Nike, despite stock plunging on China sales
Sportswear giant Nike reported a sharp drop in second-quarter profit on Friday, overshadowing better-than-expected revenue and earnings and sending its…
Interview: OXCCU eyes 2x fossil fuel cost with breakthrough tech, CEO Symes says
UK-based OXCCU is advancing a game-changing one-step power-to-liquids (PtL) process that could dramatically lower the cost of sustainable aviation fuel…
Commodity wrap: gold flat, oil set for second weekly decline, base metals in green
Gold prices eased and remained flat on Friday due to a stronger dollar against a basket of major currencies. Meanwhile,…
How billionaire Caltagirone could influence Italy’s banking M&A wave
MILAN (Reuters) -Italian billionaire Francesco Gaetano Caltagirone has emerged as a leading player in the reshaping of Italy’s financial sector…
BP breaks tradition; names Meg O’Neill as first outsider and female CEO
BP has appointed Meg O’Neill, the chief executive of Australia’s Woodside Energy, as its new CEO. This move signals BP’s…
Indonesia’s green power shift needs $92B, faces funding hurdles, coal addiction
Indonesia faces a massive financial challenge in its shift to greener energy for captive power, requiring an estimated $31 billion…
Bank of England cuts rates to 3.75% as inflation eases and growth remains weak
The Bank of England has lowered its benchmark interest rate from 4% to 3.75%, taking borrowing costs to their lowest…
Bank of Japan set for landmark rate hike in 30 years; markets to focus on BoJ’s comments
Japan’s central bank on Thursday began its final policy meeting of the year, with investors widely expecting a landmark interest…
US CPI comes in below forecasts, boosting hopes of faster Federal Reserve rate cuts
Consumer prices in the United States rose less than expected in November, adding to investor optimism that with inflationary pressures…
US initial jobless claims drop by 13,000 to 224,000, signaling low layoffs
US initial jobless claims fell by 13,000 to a seasonally adjusted 224,000 for the week ending December 13. The development…