BP softens tone on 2030 oil output cut to reassure investors
BP (NYSE: BP) softened the language on its pledge to cut its 2030 oil and gas output in an effort to reassure investors over its energy transitio ...
Siemens Energy raises outlook, flags CEO change at troubled wind unit
Siemens Energy will replace the boss of its troubled wind turbine division after less than three years, the company said on ...
US weighs upgrade for Vietnam to 'market economy' status
U.S. President Joe Biden's bid to draw Vietnam closer as a strategic ally will clash head-on with his desire for union ...
Morgan Stanley pushes Fed rate cut expectation to September from July
Morgan Stanley said it now expects the U.S. Federal Reserve to start lowering interest rates from September, compared to its earlier forecast of July, while continuing to see three 25-basis-point rate ...
Morning Bid: Pondering the path of Fed policy
A look at the day ahead in European and global markets from Kevin Buckland The Federal Reserve and the enigmatic path of U.S.
Gold prices muted amid uncertainty over interest rates
Investing.com-- Gold prices rose marginally in Asian trade on Wednesday, seeing little support from safe haven demand as recent comments from Federal Reserve officials saw markets second-guess ...
Egypt's non-oil business shrinks for 41st straight month, PMI shows
Egypt's non-oil private sector continued to shrink in April despite a $35 billion investment deal signed with the United Arab ...
With onsite inspections, China dials up scrutiny of local market IPO hopefuls
Chinese regulators are scrutinising old business deals and even the personal bank accounts of senior executives as they ramp up inspections of IPO hopefuls to slow the pace of fresh capital raisings ...
Oil slip on rising US stockpiles, cautious supply expectations
Oil prices fell in early Asian trade on Wednesday as industry data showed a pile up in both crude and fuel inventories in the U.S., a sign of weak demand, and cautious supply expectations emerged ...
Asia FX weakens, dollar firms as markets rethink rate cuts
Investing.com-- Most Asian currencies weakened on Wednesday, while the dollar firmed as comments from Federal Reserve officials saw markets rethink expectations for U.S. interest rate cuts. The ...
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Asian stocks fall as China rally pauses, rate optimism cools
Investing.com-- Most Asian stocks traded in a flat-to-low range on Wednesday as a rebound in Chinese markets paused for breath, while comments from some Federal Reserve officials sparked questions ...
AI boom set to fuel data centre deals in Asia this year
Global private equity investors and asset managers are readying for billions of dollars worth of M&A and investments linked to data centres in Asia Pacific, as the artificial intelligence (AI) boom ...