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Tech Earnings Hit Pause Button on Market Rally

Feb 3 Reuters Big Tech led U.S. markets on a sharp rebound to kick off 2023. The message from their earnings on Thursday not so fast. Apple Inc, Google parent Alphabet and Amazon.com all posted results for the endofyear quarter that left a sour taste in investors39; mouths. The reports renewed questions about global economic demand, the […]
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Russian Finance Ministry to Treble FX Sales in Coming Month

Feb 3 Reuters Russia39;s finance ministry said on Friday it would sell 8.9 billion roubles 126.6 million worth of foreign currency a day between Feb. 7 and March 6, an almost threefold increase in the volume of daily operations from the previous month. After a monthslong hiatus, Russia resumed foreign currency interventions in January, selling yuan rather […]
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European Shares Hit by Weak Earnings from U.S. Tech Giants

STOXX 600 down; set to notch weekly gain Euro zone Jan. business activity grows PMI Sanofi falls on moderate profit growth forecast Feb 3 Reuters European shares fell on Friday, weighed down by losses in technology stocks after disappointing earnings overnight by their major U.S. counterparts rekindled concerns about global economic demand and the impact […]
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Ford Posts Lower Profit, Issues Downbeat Outlook; Shares Drop

DETROIT, Feb 2 Reuters Ford Motor Co on Thursday said quarterly profits fell and the automaker predicted a difficult year ahead, sending its shares down after the bell as investors were disappointed following this week39;s robust report from rival General Motors Co. Ford blamed chip shortages and other supply chain issues and production instabilities that raised […]
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Caixabank sees Strong Lending Income Growth in 2023

2022 net profit on likeforlike basis up 29.7 Sees NII growing around 30 in 2023 Aims to maintain payout policy of 5060 this year Sees higher costs in 2023 Shares rise around 3 MADRID, Feb 3 Reuters Spain39;s Caixabank expects higher interest rates to boost its lending income by around 30 this year, it said on […]
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Tesla Sales of ChinaMade Electric Vehicles Up 18 in Jan

BEIJING, Feb 3 Reuters Tesla Inc sold 66,051 Chinamade electric vehicles in January, data published by the China Passenger Car Association showed on Friday. That was up 18 from December, when the U.S. electric car maker sold 55,796 Chinamade vehicles, and 10 higher versus January last year. Tesla39;s Shanghai plant in December cut output by about […]
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