China, HK stocks rise after fresh reports of easing COVID curbs Economic slowdown fears temper risk sentiment Gas prices rise as icy weather blankets Europe LONDON, Dec 8 Reuters World stocks and oil prices battled to pull out of a fourday slide on Thursday as deeply inverted bond yield curves and choppy currency markets underscored […]

LONDON, Dec 7 Reuters The pound edged higher against the dollar on Wednesday and traded near its highest level in almost six months, as policymakers enter the quiet period ahead of crucial Bank of England, Federal Reserve and European Central Bank meetings. By 1111 GMT, the pound was up 0.3 against the dollar to 1.2170. […]

Thousands of Zantac lawsuits dismissed on Tuesday Decision bodes well for pending lawsuits analysts GSK, Sanofi rally adds more than 20 bln to combined mkt cap LONDON, Dec 7 Reuters Shares of GSK and Sanofi surged on Wednesday, adding more than 20 billion in combined value in early trade following the dismissal of thousands of U.S. lawsuits […]

NEW YORK, Dec 8 Reuters A breathtaking surge in the U.S. dollar trampled foreign currencies, gouged corporate profits and gave investors one of the years few winning trades. Though the greenback has stumbled in recent weeks, recession worries may keep it elevated in 2023. At its September peak, the dollar the pace of the rate […]

FTSE 100 down 0.1, FTSE 250 falls 0.2 Frasers drop to bottom of FTSE DS Smith rises on resilient demand Dec 8 Reuters UK39;s FTSE 100 was dragged lower by consumer staples and retailers on Thursday after forecasts from British American Tobacco and Frasers fuelled concerns over economic outlook. The bluechip FTSE 100 dipped 0.1 while […]

STOXX 600 falls for fifth straight day Telecom, real estate lead losses BAT warns of higher finance costs Dec 8 Reuters European shares fell for the fifth straight session on Thursday, bogged down by weakness in telecom and real estate sectors amid growing fears of an impending recession. The regionwide STOXX 600 was down 0.2, with […]

JAKARTA, Dec 8 Reuters Indonesia aims to launch initial public offerings for the upstream and geothermal units of state energy firm Pertamina next year to fund expansion, a senior government official told parliament. Pertamina Hulu Energi, the upstream unit of Pertamina, is expected to sell a 10 to 15 stake in an IPO next year […]

HONG KONG, Dec 8 Reuters With traditional equity and bond portfolios underwhelming investors this year and China39;s market returns letting them down, Asia39;s most active seedfund providers are ploughing money instead into hedge funds with strategies not correlated to major macro trends. That means hedge funds may struggle to raise startup capital in the coming […]

MUMBAI, Dec 8 Reuters The Indian rupee closed little changed on Thursday as gains from softer crude prices and a sombre dollar were offset by weakness in the broader markets over worries of a slowdown in developed economies. The rupee ended at 82.42 per dollar, against its previous close of 82.47, having traded in a […]