turmoil
By Nelson Bocanegra BARRANCABERMEJA, Colombia (Reuters) – Alleged interference by Colombian President Gustavo Petro in majority state-owned Ecopetrol and purges of hundreds of staff to make way for pro-government replacements are fueling fears about the energy company’s future profits and contributions to the economy. The worries, according to interviews with…
On Monday, the Bank of France released its quarterly outlook, revealing a downward revision in the country’s economic growth projections for the coming years. The central bank now expects France, the euro zone’s second-largest economy, to grow by 1.1% in 2024 and by 0.9% in 2025, a decrease from the…
Investing.com– Gold prices rose slightly in Asian trade on Monday as geopolitical turmoil in Syria and South Korea helped spur some safe haven demand, although a strong dollar limited most gains. The yellow metal was nursing a muted performance in recent weeks, as increased geopolitical tensions were offset by heightened…
By Wayne Cole SYDNEY (Reuters) -Asian shares struggled with a slide in South Korea on Monday ahead of a packed week of central bank meetings that should see borrowing costs take a step lower, while U.S. inflation data are the last hurdle to a further policy easing there. Chinese figures…
South Korea was in chaos on Tuesday after President Yoon Suk Yeol declared martial law.Yoon reversed course hours after invoking the law and now faces being impeached.South Korea’s foe, North Korea, could seek to exploit the turmoil.Kim Jong Un, North Korea’s emboldened leader, is likely watching the events in South…
By Joao Manuel Vicente Mauricio and Ankika Biswas (Reuters) -Bank shares steered Europe’s index to a near one-month high on Tuesday, while investors kept a close watch on France’s political turmoil as the likelihood of the government’s collapse sent shockwaves through its markets. The pan-European STOXX 600 rose 0.6% as…
By Amanda Cooper LONDON (Reuters) – Global stocks rose on Monday, ahead of a week stacked with earnings from Wall Street’s “Magnificent 7”, while the yen sank after an election in Japan thrust the country into political turmoil, and oil slid as tensions in the Middle East ebbed. The dollar,…
Investing.com — Oil prices edged lower Monday, on track to fall for the third consecutive month on concerns over slowing demand growth despite raised Middle East tensions. By 07:55 ET (11.55 GMT), the futures traded 0.5% lower at $67.87 a barrel and the contract dropped 0.3% to $71.32 a barrel. …
By Leigh Thomas and Helen Reid AIX-EN-PROVENCE, France (Reuters) – France’s business elite is anxious about volatile politics, inexperienced policymakers, street protests and a possible wave of bankruptcies in the coming months, executives meeting in Provence said ahead of Sunday’s parliamentary election. Corporate leaders gathered on Friday and Saturday in…
By Anousha Sakoui, Emma-Victoria Farr and Elisa Anzolin LONDON (Reuters) -The European IPO market is unlikely to see any new candidates until after the summer, as political uncertainty has roiled markets, bankers said. This week Italian luxury sneaker brand Golden Goose and Spanish fashion retailer Tendam both postponed planned listings…
