Wednesday, 17 August 2022

Hong Kong exchange sees further headwinds after first-half profit drop

Hong Kong exchange sees further headwinds after first-half profit drop

The operator of the Hong Kong Stock Exchange (HKEX) flagged continued pressures from global political tensions and other negative factors as it posted a 27% fall in first-half profit on Wednesday.

Boeing, Northrop to join White House-backed advanced manufacturing program

Boeing Co and Northrop Grumman are joining a White House-backed compact to help smaller U.S.-based suppliers increase the use of 3D printing and other advanced manufacturing technologies.

T.J. Maxx owner lowers profit forecast as consumers cut spending

Discount store operator TJX Cos Inc trimmed its forecast for annual earnings on Wednesday, as red-hot inflation forces Americans with lower incomes to cut discretionary spending.

Shares struggle after hot UK inflation, New Zealand rate hike

World shares struggled and oil prices fell on Wednesday as the UK's highest inflation since 1982 and a rate hike in New Zealand reminded investors of the challenges facing the global economy.

Futures drop as Target results disappoint, growth stocks slip

U.S. stock index futures fell on Wednesday after weak results from retailer Target rekindled fears about the health of U.S. consumers, while growth stocks came under renewed pressure as bond yields climbed.

236x452 Protect (1).jpg
Sponsored by World Gold Council: Protect and grow your wealth

Learn the four key potential benefits of owning gold

READ NOW

U.S., European banks could lose over $5 bln from risky buyout loans

Top U.S. and European banks are facing tougher times in the riskiest parts of the loan market.

UK inflation to hit 15% in early 2023, Citi predicts

British consumer price inflation is likely to peak at an annual rate above 15% in the first three months of next year unless there are government measures to lower prices, economists at U.S. bank Citi forecast on Wednesday.

EXCLUSIVE World Bank's IFC taps blockchain for carbon offsets

International Finance Corp (IFC), a World Bank affiliate, told Reuters on Wednesday it is backing a blockchain-enabled platform to trade carbon offsets, aiming to attract more support from institutional investors for climate-friendly projects in emerging markets.

China's fiscal revenue growth slows slightly amid sluggish economic recovery

China's fiscal revenue growth slowed slightly in the January-July period compared to the first six months of the year, finance ministry data showed on Wednesday, as the economy was squeezed by the country's zero-COVID policy and a property crisis.

Lowe's sees hit to annual sales as inflation hinders demand

Lowe's Cos Inc warned of a hit to annual sales on Wednesday after reporting a surprise drop in quarterly comparable sales, as demand for tools and paints eased from pandemic highs due to rising inflation and office reopenings.

Related Videos

UK inflation hits double digits, 40-year high

Germany's Uniper posts $12.5 bln net loss

Crypto Weekly: ether turns greener