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03 May

Stocks inch up, U.S. yields near 3% as markets ready for Fed hike

World stocks rose slightly on Tuesday and U.S. 10-year Treasury yields held near 3% as investors prepared for the Federal Reserve's biggest rate hike since 2000.

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03 May

Exclusive-Coca-Cola African bottler's $3 billion IPO delayed by Ukraine turmoil

Coca-Cola's estimated $3 billion initial public offering (IPO) for its African bottling unit will likely take place in the third quarter after market turmoil linked to the war in Ukraine upset plans to list earlier, three sources said on Tuesday.

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03 May

Paramount misses quarterly revenue estimates on weak TV ad sales

(Reuters) -Paramount Global said on Tuesday it added over 6 million streaming subscribers in the first quarter but missed revenue estimates, hurt by weaker TV advertising sales in a period without the Super Bowl broadcast.

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03 May

Inflation and war risks to buoy gold in short term: Reuters Poll

Gold prices are expected to hold firm this quarter as investors seek refuge from soaring inflation and risks such as the Ukraine war, before retreating later this year as interest rates rise, a Reuters poll showed on Tuesday.

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03 May

Futures slip as earnings disappoint, eyes on Fed

U.S. stock index futures fell on Tuesday after a slew of underwhelming earnings reports, while investors braced for a big interest rate hike by the Federal Reserve this week to tame surging prices.

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03 May

Rocky ride ahead for Norway's $1.2 trillion wealth fund

Norway's $1.2 trillion sovereign wealth fund is prepared for a rocky ride as it confronts the biggest geopolitical changes in three decades, its chief executive said on Tuesday.

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03 May

Euro holds near five-year low as potential Fed hike nears

The euro held close to a five-year low against the U.S. dollar on Tuesday with the Federal Reserve expected to hike rates this week, while traders wait for European Central Bank President Christine Lagarde to give clues on her monetary policy plans.

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Latest Articles

  • China receives US equipment to make advanced chips despite new rules - report
  • China receives US equipment to make advanced chips despite new rules-report
  • U.S. Treasury yields have peaked, say strategists for fourth straight month: Reuters poll
  • Google's expert in US antitrust trial defends billions paid to device makers
  • Post-strike Hollywood rushes to get film, TV sets humming

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