By Maiya Keidan and Svea Herbst-Bayliss TORONTO, BOSTON (Reuters) -Stock-picking hedge funds ended a volatile January with losses after markets went on a roller-coaster ride on geopolitical turmoil and the prospect of rising interest...
READ MORE
Oil edges higher after OPEC+ keeps to steady supply bump, U.S. stockpiles draw
By David Gaffen NEW YORK (Reuters) – Oil prices edged up on Wednesday after OPEC+ stuck to planned moderate output increases despite pressure from top consumers to raise output more quickly. Brent crude ended settling up 31 cents to...
READ MORE
Capri plans price increases at Michael Kors, Versace as luxury fashion booms
By Ananya Mariam Rajesh and Uday Sampath Kumar (Reuters) -Michael Kors owner Capri Holdings on Wednesday reported a 24% jump in holiday-quarter sales and raised its full-year outlook, saying it would further increase prices across its...
READ MORE
Ex-Credit Suisse chairman fined $2,200 for breaking COVID rules
ZURICH (Reuters) – Former Credit Suisse chairman Antonio Horta-Osorio has been ordered to pay a fine of 2,000 Swiss francs ($2,178) after breaking COVID-19 quarantine rules, prosecutors said on Wednesday, following his resignation...
READ MORE
Analysts beef up expectations for Europe’s earnings season
LONDON (Reuters) – Analysts are upgrading their expectations for Europe’s fourth-quarter earnings season, which has seen a steep increase in companies announcing consensus-beating results, according to the latest data from...
READ MORE
Investors urge miners to change ways after damning Rio Tinto workplace report
By Ernest Scheyder, Byron Kaye and Praveen Menon (Reuters) – Anglo-Australian miner Rio Tinto’s admissions of sexual assault, racism and bullying in an internal report have sparked calls from investors for the entire industry...
READ MORE