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Oil Dips, Set for Monthly Drop, ahead of Key U.S. Data

LONDON, March 31 Reuters Oil prices dipped on Friday, with benchmarks heading for their weakest monthly performances since November, ahead of key U.S. inflation data which could give clues on future interest rate moves and the strength of the dollar. Brent futures, which have risen nearly 5 this week, were down 63 cents, or 0.8, […]
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Fed Slowdown Bets Steer Gold Toward Second Quarterly Rise

U.S. PCE data due at 1230 GMT Platinum, palladium head for quarterly declines Dollar eyes quarterly drop March 31 Reuters Gold prices slipped on Friday, but the safehaven metal was bound for its second straight quarterly rise after recent banking turmoil raised hopes of a lessaggressive U.S. Federal Reserve and shored up interest in bullion. […]
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Euro Rises as Euro Zone Countries Report Inflation Data

LONDONSINGAPORE, March 31 Reuters The euro was set for its best week since mid January on Friday ahead of inflation data that will shape the ECB39;s interest rate plans, while investor expectations U.S. rates are near peaking meant the dollar headed for a second consecutive quarterly loss. The European common currency was at 1.0883, down […]
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UK Supermarket Morrisons says Sales Momentum Building

Q1 likeforlike sales up 0.1 Total sales up 3.4 Targeting 700 mln stg of cost savings LONDON, March 30 Reuters British supermarket group Morrisons returned to underlying sales growth in its latest quarter, saying it was benefiting from a push to improve its price competitiveness. Morrisons, owned since 2021 by U.S. private equity firm Clayton, […]
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UniCredit Shareholders Gather to Vote on CEOs new Pay Scheme

MILAN, March 31 Reuters Shareholders in UniCredit met on Friday to vote on a new pay scheme for Chief Executive Andrea Orcel designed to reward outperformance with a 30 pay raise. Investors with 68.9 of the bank39;s capital were in attendance, the bank said. German insurer Allianz, which holds a 5.16 stake behind BlackRock39;s 5.9, has already […]
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Huawei Posts Slump in Annual Profit but Ekes Out Revenue Growth

SHENZHEN, China, March 31 Reuters China39;s Huawei Technologies Co Ltd HWT.UL said net profit slumped last year, as the tech conglomerate boosted research and development spending and grappled with increases in materials costs. But revenue climbed 0.9, in line with a company prediction, suggesting that Huawei has reached some level of stability after successive rounds […]
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