Need to Know: Advances in Alzheimer’s treatment
This episode of Need to Know explores advances in Alzheimer’s treatment and how they could transform the market.
Singapores UOB Revises Down 2024 Loan Growth, Q4 Profit Beats Forecasts
Q4 net profit rose to S1.40 bln vs S1.37 bln estimate 2023 net interest margin at 2.09 vs 1.86 in 2022 Recommends final dividend of 85 Singapore cents a share Wealth AUM rises 14 onyear to S176 bln SINGAPORE, Feb 22 Reuters Singapore39;s United Overseas Bank UOB on Thursday cut its 2024 loan growth projections to […]
Gold Fields Raises Output Forecast ahead of Start of Chile Mine
Feb 22 Reuters South Africa39;s Gold Fields on Thursday raised its 2024 gold output forecast to between 2.33 million and 2.4 million ounces, as its new Salares Norte mine in Chile begins production in April. The Johannesburgbased miner is racing to start production at Salares Norte after several delays, and after its output last year dipped […]
S.Korea Holds Rates Steady, Talks Down Early Rate Cut Chance
BOK holds interest rate steady as expected One BOK board members sees door open for nearterm rate cut SEOUL, Feb 22 Reuters South Korea39;s central bank on Thursday joined its peers in the U.S. and Australia in seeking to hose down investors39; aggressive rate cut expectations after keeping interest rates at a 15year high. Most board members […]
Indias Feb Business Activity Accelerated to 7mth High on Solid Demand
BENGALURU, Feb 22 Reuters Indian business activity expanded at its fastest pace in seven months in February as demand remained strong for both manufacturing and services, according to a business survey released on Thursday, which also showed an easing in price pressures. That supports the findings in a Reuters poll which found India, the fastest growing major […]
Sterling Steadies after Britains Record Jan Budget Surplus
LONDON, Feb 21 Reuters Sterling steadied on Wednesday shrugging off Britain39;s highest ever monthly budget surplus in January ahead of finance minister Jeremy Hunt39;s annual budget in March. Britain ran a budget surplus of 16.7 billion pounds 21.1 billion in January, due to record seasonal tax inflows. This is up from 7.5 billion pounds a year earlier […]
HSBC, Healthcare Stocks Drag European Shares Lower
Glencore drops after 2023 core earnings shrink Carrefour raises dividend after 2023 profit jumps Swiss private bank EFG FY profit soars STOXX down 0.2 Feb 21 Reuters European shares slipped on Wednesday hurt by banking shares following a drop in shares of HSBC on a disappointing earnings report, while investors braced for the Federal Reserve39;s […]
UK sees Record Monthly Budget Surplus, but Tough Picture ahead of Budget
UK sees record 16.7 bln pound budget surplus in Jan Seasonal tax receipts boost government revenue Yeartodate borrowing 3 bln lower than in 202223 Overall public debt shows annual rise as share of GDP Government keeps door open to tax cuts in March budget LONDON, Feb 21 Reuters Britain chalked up its highest ever monthly […]
UK Factories Report Highest Selling Price Inflation Since July, CBI Survey
LONDON, Feb 21 Reuters British manufacturers raised prices by the most in seven months and orders fell in February, figures from the Confederation of British Industry showed on Wednesday. The Confederation of British Industry39;s monthly order book balance increased to 20 in February from 30 in January, below their longrun average of 13. Expectations for […]
EUs Unprecedented Recovery Fund has Spurred Growth
BRUSSELS, Feb 21 Reuters The European Union39;s economy is stronger as a result of the recovery fund, set up to drive postpandemic growth, which has boosted jobs, investment and offset some of the impact of the Ukraine war, the European Commission said on Thursday. Officially known as the Recovery and Resilience Facility RRF, the 723 […]