Citigroup’s fourth-quarter profit declines by 21% as bank sets aside more money for credit lossesCitigroup profit fell by 21% in the fourth quarter of 2022 The bank also set aside […]
Author: Consultant
Sweden finds Europe’s largest deposit of rare earth metals, which could become ‘more important than oil and gas’
Sweden finds Europe’s largest deposit of rare earth metals, which could become ‘more important than oil and gas’Swedish mining company LKAB discovered one million metric tons of rare earth oxides, […]
Algonquin Power cuts dividend by 40 per cent, shares slump
Algonquin Power cuts dividend by 40 per cent, shares slumpAlgonquin Power and Utilities Corp. (AQN-T -4.62%decrease) slashed its quarterly dividend by about 40 per cent amid what the company called challenging […]
U.S. inflation cooling as consumer prices fall; labour market still tight
U.S. inflation cooling as consumer prices fall; labour market still tightU.S consumer prices fell for the first time in more than 2-1/2 years in December amid declining prices for gasoline […]
Consumer prices fell 0.1% in December, in line with expectations from economists
Consumer prices fell 0.1% in December, in line with expectations from economistsThe consumer price index fell 0.1% in December, meeting expectations, for the biggest drop since April 2020. Excluding food […]
Inflation crisis poses greatest near-term global threat, Davos survey warns
Inflation crisis poses greatest near-term global threat, Davos survey warnsThe World Economic Forum’s annual Global Risks Report found the cost of living crisis and climate change are the biggest short […]
China cuts deal with Taliban to extract oil in Afghanistan
China cuts deal with Taliban to extract oil in AfghanistanThe Taliban is cutting its first major energy extractions agreement since taking control of Afghanistan in 2021, agreeing to a 25-year […]
Goldman Sachs says it no longer expects a recession in euro zone in 2023
Goldman Sachs says it no longer expects a recession in euro zone in 2023Goldman Sachs GS-N -0.59%decrease said on Tuesday it expects the euro zone economy to grow by 0.6 per cent this […]
Microsoft reportedly in talks to invest US$10-billion in ChatGPT-owner OpenAI
Microsoft reportedly in talks to invest US$10-billion in ChatGPT-owner OpenAIMicrosoft Corp MSFT-Q +0.88%increase is in talks to invest $10-billion in ChatGPT-owner OpenAI as part of funding that will value the firm at $29-billion, […]