Business & Financial News

Lebanon devalues official exchange rate by 90%

  • February 01, 2023 10:22 PM AEDT | Reuters
 Lebanon devalues official exchange rate by 90%

* Lebanese rulers have left crisis to fester since 2019 * Devaluation still leaves pound well below market rate * Economist sees move as no big development in bigger picture (Adds analyst comment)

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Factory activity contracted again in Jan, highlighting fragile recovery

Factory activity contracted again in Jan, highlighting fragile recovery

  • February 01, 2023 10:09 PM AEDT | Reuters

By Jonathan Cable and Leika Kihara LONDON/TOKYO (Reuters) - Manufacturing activity across Europe and Asia contracted again last month, underscoring the fragility of the global economic recovery,

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GLOBAL ECONOMY-Factory activity contracted again in Jan, highlighting fragile recovery

GLOBAL ECONOMY-Factory activity contracted again in Jan, highlighting fragile recovery

  • February 01, 2023 10:08 PM AEDT | Reuters

* Euro zone factories have passed their trough in activity - PMI * China's Jan factory activity shrinks - Caixin PMI survey * Softening input price pressure offer signs of hope (Adds European detail,

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Bank ABC Closes $75 Mln Term Loan Facility For Industrial Bank Of Kuwait

Bank ABC Closes $75 Mln Term Loan Facility For Industrial Bank Of Kuwait

  • February 01, 2023 10:07 PM AEDT | Reuters

Feb 1 (Reuters) - ARAB BANKING CORPORATION: * CLOSED A 3-YEAR US$ 75 MILLION TERM LOAN FACILITY FOR INDUSTRIAL BANK OF KUWAIT * FACILITY, WAS ARRANGED BY BANK ABC, ACTING AS SOLE ARRANGER Further

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Tyre Nichols funeral draws civil rights leaders, U.S. vice president

Tyre Nichols funeral draws civil rights leaders, U.S. vice president

  • February 01, 2023 10:02 PM AEDT | Reuters

By Alyssa Porter MEMPHIS, Tenn. (Reuters) - Family and friends of Tyre Nichols will pay their final respects on Wednesday to the Black 29-year-old father whose fatal encounter with Memphis police last

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Aon PLC expected to post earnings of $3.65 a share - Earnings Preview

Aon PLC expected to post earnings of $3.65 a share - Earnings Preview

  • February 01, 2023 10:02 PM AEDT | Reuters

* Aon PLC is expected to show a rise in quarterly revenue when it reports results on February 3. * The Dublin Ireland; Republic of-based company is expected to report a 1.7% increase in revenue to

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Aon PLC <AON.N>: Profits of $3.65 per share anticipated for fourth quarter

Aon PLC <AON.N>: Profits of $3.65 per share anticipated for fourth quarter

  • February 01, 2023 10:02 PM AEDT | Reuters

1 February 2023 11:02 a.m. All figures in US dollars. Aon PLC is expected to show a decrease in its fourth quarter earnings to $3.65​ per share according to the mean Refinitiv estimate from eighteen

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Marketmind: A quart and two halves

Marketmind: A quart and two halves

  • February 01, 2023 10:01 PM AEDT | Reuters

A look at the day ahead in U.S. and global markets from Mike Dolan. After a heady January brew, investors now see triples all round. Global stock markets put in their best January in four years, with

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RPT-COLUMN-Anxious Fedspeak disguises satisfaction :Mike Dolan

RPT-COLUMN-Anxious Fedspeak disguises satisfaction :Mike Dolan

  • February 01, 2023 10:00 PM AEDT | Reuters

(Repeats column published earlier with no changes) By Mike Dolan LONDON, Feb 1 (Reuters) - The Fed will loudly insist again on Wednesday that its inflation battle is not yet won - even as it slows the

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Stocks firm, dollar retreats ahead of Fed decision

Stocks firm, dollar retreats ahead of Fed decision

  • February 01, 2023 09:25 PM AEDT | Reuters

By Tom Westbrook and Amanda Cooper LONDON/SINGAPORE (Reuters) - Global stocks edged up on Wednesday as signs of slowing U.S. wage growth supported expectations that the Federal Reserve could signal an

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European shares edge up as industrials gain; Fed meet in focus

European shares edge up as industrials gain; Fed meet in focus

  • February 01, 2023 09:24 PM AEDT | Reuters

By Ankika Biswas (Reuters) - European shares edged higher on Wednesday as industrial stocks gained, while investors awaited the outcome of the U.S. Federal Reserve's first policy meeting this year.

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