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.
Asia-Pacific markets mostly rise as investors digest Fed’s smaller quarter-point hike
Investors digested the U.S. Federal Reserve’s smaller rate hike of 25 basis points and Fed Chairman Jerome Powell acknowledged inflation is falling.
JPMorgan says Hong Kong shares to rebound in February and names 5 stocks to own
JPMorgan has identified five stocks to own amid an expected rise in Hong Kong and China stocks in February as investors rotate into “quality laggards.”
