Commerzbank sees 2023 profit ‘well above’ 2022 despite challenges
Commerzbank’s results cap a second consecutive profitable year as it undergoes a major restructuring.
Centrica to extend share buyback as annual profit triples
Centrica’s annual profit more than tripled on high energy prices, robust electricity generation and gas production levels.
A ‘cocktail’ of sticky inflation and a tight labor market boosts Bank of England rate hike bets
A tight labor market and comparatively slow return to earth for inflation means the Bank of England is likely to press ahead with a further interest rate hike in March, economists suggest.
CNBC Daily Open: U.S. stocks don’t seem bothered by inflation, ignore jump in retail sales
January’s retail sales, like the months’ jobs report and consumer price index, were higher than expected. But stocks don’t seem concerned anymore.
Rise of ‘zombie’ VCs haunts tech investors as plunging valuations hammer the industry
For some venture capitalists, we’re approaching a night of the living dead.
MSCI delays weighting cuts for two Adani companies, cites ‘replicability’ concerns
Index provider MSCI said it will delay implementing weighting changes for some Adani Group companies until later this year.
Countries around the world have legalized cannabis. Guess what could be next
Psychedelics such as psilocybin, ketamine, LSD and MDMA are lately being discussed because of their alleged potential to treat mental health disorders.
Standard Chartered raises forecast, announces $1 billion share buyback after profit jumps 28%
The London-headquartered bank upgraded its performance forecast, saying it now expected to achieve a return on tangible equity of 10% this year and 11% in 2024.
Japan logs record merchandise trade deficit in January as export growth slows
Aggressive interest rate rises in other advanced economies have cooled demand for Japanese products, particularly during China’s lunar New Year holiday.
Biden plans to deliver his most extensive remarks yet about the aerial objects the military shot down
Biden will explain how the administration is forming rules to deal with other objects in the future.
