Polish Zloty Rally Too Fast for Goldman Predicting a Retreat
Beware the rally in the Polish zloty.
The Nordic region will get another bout of winter weather later this week.
Kuwait’s sovereign wealth fund settled a bonus dispute with ex-managers at its London office that spawned several lawsuits and an attempted intervention by the UK government.
Two months after Tesla Inc. unveiled plans to drop the usage of rare earths in its future models, ferrite stocks in South Korea are skyrocketing on bets that the material will be an alternative.
Australia’s central bank signaled further policy tightening ahead after unexpectedly raising interest rates by a quarter-percentage point on Tuesday, sending the currency and bond yields surging.
In recent months BP’s quarterly results have sparked a nationwide conversation about the profits energy companies are making from high energy prices. Now lower commodity prices have reduced BP’s first quarter profits from record highs, hitting their cash flow and consequentially the size of their share buybacks, but the oil major still beat analysts expectations on the bottomline. Its peer Shell Plc is expected to report results on Thursday.
India’s unemployment rate climbed to a four-month high, the latest data showed, as there were more people joining the workforce compared to available jobs in Asia’s third largest economy.
Abcam Plc founder Jonathan Milner is pushing for better performance at the biotechnology supplier he started 25 years ago.
A gauge of inflation expectations in Japan climbed to a four-month high as renewed yen weakness risks boosting import prices, keeping speculation alive that the central bank may have to reduce monetary stimulus.
Chegg Inc. plummeted as much as 38% after warning that the ChatGPT tool is threatening growth of its homework-help services, one of the most notable market reactions yet to signs that generative AI is upending industries.