worldbusinessstar
British banks lift FTSE 100 after BoE raises rate
Shares in British banks rallied, lifting the blue-chip FTSE 100. This is after the Bank of England stunned investors with an interest rate hike. This is the...
BoE becomes first major central bank to raise rates since the...
The Bank of England became the world’s first major central bank. They have raised the interest rates since the pandemic hammered the global economy....
Outage shows how Amazon’s complex cloud makes backup plans difficult
Major companies using Amazon.com’s data services got a lesson, about how the complexity and market dominance of the company’s cloud unit make it difficult...
UniCredit shines on Orcel’s $18 BLN
Investors welcomed a pledge by new UniCredit Chief Executive Andrea Orcel to return at least 16 billion euros to them under his new strategy...
Citigroup pauses buybacks briefly due to new capital rule
Chief Financial Officer Mark Mason stated that the Citigroup Inc is pausing buybacks of its stock this quarter. This is because of the expected...
Thyssenkrupp restructure halfway complete, expecting 2022 higher margin
Thyssenkrupp’s radical restructuring involving a string of disposals and cost cuts is about halfway complete. This is with the group on track for higher...
Dollar edges higher before US jobs report as Omicron fears ease
The dollar ticked higher amid a broadly calmer tone in markets. This is because the fears over Omicron’s impact eased. But the currency moves...
Management turmoil complicates Telecom Italia bid response
Telecom Italia (TIM) is looking to draw up a list of candidates to advise it on a takeover approach from U.S. group KKR. This...
UK medium term inflation gauge hits highest record
A key measure of medium-term British inflation expectations in financial markets hit its highest since at least late 2013. This has potentially added to...
Nissan unveils $18 BLN electrification push
Nissan Motor Co had announced that it will spend 2 trillion yen over five years. This is for accelerating the vehicle electrification to catch...
