Rolls-Royce shares soar by 23% after annual results crush expectations
Shares of aviation manufacturer Rolls-Royce soared, after the company’s annual results sharply beat expectations.
Alibaba shares rally 6% after massive earnings beat
Alibaba reported earnings for its fiscal third quarter that smashed expectations, sending shares soaring 6% higher.
Turkey slashes policy rate by 50 basis points as country continues to reel from earthquake
Turkey’s central bank slashed its policy rate by 50 basis points from 9% to 8.5% as the country continues to reel from the aftermath of a devastating quake which affected millions of lives.
China’s $2.5 trillion savings could bring ‘opportunities for growth,’ HKEX CEO says
Hong Kong Exchange and Clearing’s CEO Nicholas Aguzin said excess savings from Chinese households will bring “active” economic performance from China.
Qantas is confident it will return to 100% of its pre-Covid capacity in 2024
Qantas is confident that it will see a full return to pre-Covid capacity in 2024, CEO Alan Joyce told CNBC.
Indonesia says it’s working to become more resilient to inflation shocks from the U.S.
Indonesia is taking steps to make its economy more resilient to withstand global shocks like inflation, especially from the U.S., said its finance minister.
UK economy in ‘a lot better shape’ than bleak figures suggest, fund manager says
The U.K. has thus far avoided a widely anticipated recession, and the economy may be holding up better than feared, according to veteran fund manager Andy Brough.
CNBC Daily Open: Markets fall as the Fed shows no sign of pausing interest rate hikes
Minutes from the Federal Reserve’s last meeting suggest ongoing interest rate hikes. Some officials even advocated for a half-point increase.
Baidu says its alternative to ChatGPT is coming to the public in March
Chinese tech giant Baidu said Wednesday its artificial intelligence product Ernie bot is set to open to the public next month.
Indian truckers say Hindenburg report was a godsend in Adani dispute
Adani negotiators had refused to budge for weeks. So Hindenburg’s report, some truckers believe, was godsent.
