Monday 25 July 2022

Futures edge higher at start of big week for earnings, Fed meet

Futures edge higher at start of big week for earnings, Fed meet

U.S. stock index futures edged higher on Monday as markets braced for a Federal Reserve policy meeting during the week and earning reports from some of the biggest companies to gauge the impact of a strong dollar and soaring inflation.

Food delivery companies revamp for cost-of-living crunch

When food delivery service Grubhub struck a deal with Amazon earlier this month, offering Prime customers a year's free delivery, shares in rivals slumped.

Europe's diesel drivers bound for more Russian price pain

Diesel drivers in Europe, already contending with record high prices, are in for even more pain at the pumps compared with those who rely on gasoline.

Schroders teams up with conservation body to invest in nature-protection projects

Asset manager Schroders has teamed up with an environmental organisation to set up a Singapore-based fund house to invest in projects that seek to halt and reverse the destruction of nature due to climate change.

Barclays publishes terms of U.S. securities repurchase offer

Barclays Bank has published terms to repurchase up to $17.6 billion of securities sold in breach of U.S. regulations, offering investors a premium above face value, to resolve an error that has blighted its CEO's first year in office.

Quarter of firms reach Lloyd's of London 35% target for women leaders

A quarter of firms operating at Lloyd's of London (SOLYD.UL) have reached the commercial insurance market's target for 35% of leaders to be women, though progress on diversity was "incremental", Lloyd's said in a report on Monday.

Gold miner Newmont profit slumps on lower gold prices

Miner Newmont Corp on Monday reported a drop of about 41% in second-quarter adjusted profit hurt by lower gold prices.

Colgate, Tide maker P&G rejig price tactics to keep cash-strapped shoppers

The makers of everyday staples want to make sure that people continue to buy pricier products as the threat of recession looms, executives have told investors.

Toyota to hold off asking suppliers for lower prices

Toyota Motor Corp will not unilaterally press its suppliers for lower prices for the second half of its fiscal year and is also considering supporting their energy bills, an executive said on Monday.

Bank of Japan board reshuffle brings in less dovish members

The Bank of Japan's two new policymakers said on Monday the central bank needs an exit strategy from its massive stimulus, a sign the board's balance could tilt in favour of a withdrawal of Governor Haruhiko Kuroda's radical monetary easing.

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