Roche flags 2023 earnings decline on slump in Covid products
Roche CEO Severin Schwan told CNBC the company expected sharp drop-off in Covid-related sales as the pandemic becomes endemic.
Deutsche Bank shares slip despite profit beat as traders look to uncertain outlook
Despite lofty net profit figures, Deutsche Bank shares slipped as analysts honed in on the uncertain macroeconomic outlook.
Oil giant Shell posts highest-ever annual profit of $40 billion
The extraordinary scale of the industry’s earnings has renewed criticism and sparked calls for a Big Oil windfall profit tax.
The U.S. Fed’s smaller rate hike brings dollar strength closer to its end
The U.S. dollar index continued to slump on Thursday as the Federal Reserve opted for a smaller interest rate hike of 25 basis points.
Biden’s IRA has left Europe blindsided. And playing catch-up could lead to 2 big mistakes
The European Union is working against the clock to create a program to rival President Joe Biden’s unprecedented climate subsidies.
Hong Kong services to rebound as China reopens, but UBP says sector is coming from ‘fragile situation’
However, its economist warned that the sector will be “going from a very fragile situation,” given its contraction in every single quarter of 2022.
A potential U.S. ban on investment in Chinese tech could hurt these sectors
A ban on U.S. investment in Chinese tech could drive up market volatility — but some sectors may escape untouched, Bank of America analysts said.
Beware of tech stocks — these cash-rich names are a better bet, analysts say
Analysts say companies with pricing power are a safer bet than tech, given that inflation is expected to stay high and the uncertainty around a Fed “pivot.”
Not a fan of cruising? The hack that could change your mind
Private shore excursions let cruisers make their own plans, choose their restaurants and spend the day with a local guide — without a cruise ship bus in sight.
Australia will replace Queen Elizabeth’s image on 5-dollar banknote
The decision comes as Australia’s Labor government pushes to recognize Indigenous people in the constitution and consult them on decisions that affect them.
