Rouble firms past 60 vs dollar, Gazprom shares rally
The rouble firmed beyond 60 against the dollar in Moscow trade on Tuesday, shrugging off a slide in oil prices below $100, while Russia’s benchmark
Category: Business
European stocks fall for third day as rate hike, recession fears grow
European shares ended lower on Tuesday, failing to shrug off fears of higher interest rates amid a burgeoning energy crisis and looming recession. After rising
Best Buy says pricey smartphone sales holding strong ahead of next iPhone launch
Consumers stung by decades-high inflation are not shifting to cheaper smartphones, Best Buy Co Inc (BBY.N) said on Tuesday, boding well for Apple Inc’s (AAPL.O)
Near 50-year high German inflation strengthens case for larger ECB rate rise
German inflation rose to its highest level in almost 50 years in August, beating a high set only three months earlier, data showed, strengthening the
Proxy advisor ISS recommends Twitter shareholders back sale to Musk
Investors in Twitter (TWTR.N) should vote to approve Elon Musk’s $44 billion plan to buy the social media company, proxy advisory firm Institutional Shareholder Services
U.S. house price inflation to plunge in 2023, fair value still a distant dream
Skyrocketing U.S. house prices will rise at their weakest pace in more than a decade next year as worsening affordability dents demand, according to analysts
Fed could ‘dial back’ 75-basis-point hikes if inflation slows, Bostic says
The Federal Reserve could have reason to ‘dial back’ from its 75-basis-point interest rate hikes if new data shows inflation “clearly” slowing, Atlanta Fed President