World
Bitcoin adopted as legal tender by African country — the second to do so after El Salvador
Bitcoin is a volatile asset, and has been known to swing more than 10% higher or lower in a single day. Jakub Porzycki | Nurphoto | Getty Images The Central African Republic has become the second country in the world to adopt bitcoin as official currency, after El Salvador took the same step last year. […]
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ECB dove says rate hike may come during the third quarter
European Central Bank Governing Council member Ignazio Visco has added his voice to heated discussions on when the ECB will begin to raise its benchmark interest rate. Rates in the euro zone have been negative following the region’s sovereign debt crisis, and the ECB has confirmed that it will conclude its net asset purchases in […]
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StanChart profit beats estimates, flags strong outlook on rising rates
Standard Chartered posted a forecast-beating 6% rise in first-quarter profit, sending its shares sharply higher, as the emerging-markets focused lender benefited from rising interest rates aimed at controlling inflation. The London-headquartered lender, which is focused on Asia, Africa and the Middle East, now expects income growth this year to slightly exceed earlier guidance of 5-7%, underlining […]
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Unilever hikes prices as costs pressure builds
Unilever beat first-quarter sales forecasts as the maker of Dove soap and Ben & Jerry’s ice cream hiked prices by over 8% to offset higher supply chain and energy costs, more than outweighing a dip in sales volumes. Consumer goods makers around the world have been raising prices to make up for soaring energy, commodities, […]
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Barclays beats expectations but suspends buybacks after U.S. trading blunder
A branch of Barclays Bank is seen, in London, Britain, February 23, 2022. Peter Nicholls | Reuters LONDON — Barclays on Thursday said had suspended its planned share buyback program on the back of a costly trading error in the U.S. It comes as it reported expectation-beating profit for the first quarter, as strong investment banking […]
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Standard Chartered reports better-than-expected profit, flags bullish outlook on rising rates
Pedestrians pass the headquarters of Standard Chartered in London on Feb. 14, 2022. Standard Chartered’s first-quarter pre-tax profit rose 6%, beating market expectations, as the emerging markets-focused lender benefited from rising interest rates and flagged a robust outlook. Chris Ratcliffe | Bloomberg | Getty Images Standard Chartered posted a forecast-beating 6% rise in first-quarter profit, […]
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Are you overparenting? A child psychologist says these are the tell-tale signs
It’s easy to fall into the trap of “overparenting” with a greater emphasis than ever on the importance of childhood experiences. But, one expert explains why this should be avoided and how you can spot the tell-tale signs that you’re doing it. Overparenting can be defined in two ways, according to clinical psychologist Judith Locke. […]
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Exxon declares force majeure on Russian Sakhalin-1 operations
The Exxon Mobil corporate pavilion at the 21st World Petroleum Congress in Moscow, June 16, 2014. Exxon Mobil said on Wednesday its Russian unit Exxon Neftegas has declared force majeure for its Sakhalin-1 operations due to sanctions on Russia that have made it increasingly difficult to ship crude to customers. Andrey Rudakov | Bloomberg | […]
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‘Conviction sell’: UBS says avoid these global stocks amid rising headwinds
UBS is more bearish than Wall Street on a number of stocks right now. Source
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Turkey wants to be neutral in the Ukraine war. But a treaty from 1936 has it on a tightrope
A Russian submarine passes Istanbul as it transits the Bosporus in February 2022. Turkey is the gatekeeper between the Black Sea and the Mediterranean. Ozan Kose | Afp | Getty Images There’s a Turkish saying, “Did your ships sink in the Black Sea?” The expression is asked when a person is lost in thought, trying […]
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