Exclusive: Mexico’s Pemex destroyed resources worth $342 million from two top fields
MEXICO CITY, Jan. 18 (Reuters) – Mexico’s state-owned oil company Pemex has illegally burned hydrocarbon wells worth more than $342 million at two of its major new fields in the…
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The US economy is losing steam as retail sales show their biggest decline in 12 months
Retail sales down 1.1% in December; November sales fell Core sales down 0.7%; November sales not reviewed Manufacturing output is down 1.3%; November production cut Producer prices down 0.5%; up…
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Wall St stumbles on weak data, comments from hawkish Fed
Fed’s Bullard, Mester back rate rises US retail sales fall in December Indexes down: Dow 1.28%, S&P 1.07%, Nasdaq 0.78% 18 Jan. (Reuters) – Wall Street’s major indices fell on…
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In 2022, inflation data surpassed the Fed’s comments about moving markets, the report said
NEW YORK, January 18 (Reuters) – Last year, inflation data that forced the Federal Reserve to embark on a historically aggressive path of rate hikes was a bigger market mover…
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Microsoft is cutting 10,000 jobs as the cloud technology sector worries about the recession
DAVOS, Switzerland, Jan. 18 (Reuters) – Microsoft Corp. (MSFT.O) said on Wednesday it would cut 10,000 jobs and cash in at $1.2 billion as its cloud computing customers reassess their…
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Exclusive: The Vietnamese market is in danger of missing the 2025 deadline for upgrade to emerging status – sources
Vietnam wants its stock market to gain emerging economy status HCMC stock market is classified in top indexes as a frontier market Upgrade would lead to $5 billion initial inflow…
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PineBridge and Pictet increase exposure to China real estate on hopes of a recovery
HONG KONG, Jan. 18 (Reuters) – Global investors including PineBridge and Pictet are ramping up their exposure to Chinese real estate developers, betting that a slew of support measures for…
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BOJ defies market bets for policy adjustments, causing the yen to tumble
BOJ keeps interest rate targets, yield margin intact BOJ Runs Market Operation Tool, Signals Status Quo On YCC Board raises inflation forecasts but lowers growth forecasts TOKYO, Jan. 18 (Reuters)…
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Goldman misses earnings estimates as deal closings slump and consumer business hits
17 Jan. (Reuters) – Goldman Sachs Group Inc (GS.N) reported a larger-than-expected 69% drop in fourth-quarter earnings on Tuesday as it struggled with a slump in deal closings, a drop…
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Tesla video promoting self-driving has been staged, an engineer testifies
17 Jan. (Reuters) – A 2016 video that Tesla (TSLA.O) used to promote its self-driving technology was staged to show capabilities such as stopping at a red light and accelerating…
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