International News
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Credit Suisse slumps heavily into the red
Thursday 09 Feb 2023
(Sharecast News) - Credit Suisse Group posted its largest annual loss since the 2008 financial crisis on Thursday, and warned of further "substantial" losses to come. Read More
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Disney to axe 7,000 jobs worldwide
Thursday 09 Feb 2023
(Sharecast News) - The Walt Disney Company is to axe 7,000 jobs worldwide, as part of a group-wide overhaul intended to cut costs and turn around the US entertainment giant's streaming business. Read More
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Cryptos fall; Bitcoin loses $23,000 on inflation concerns
Thursday 09 Feb 2023
(Sharecast News) - The cryptocurrency market turns bearish. Bitcoin (BTC) falls 2% in the last 24 hours and stands at around $22,700, while Ethereum (ETH) drops 2.5% and remains at $1,630. Read More
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Sweden lifts rates to 3%, sees rise in spring, to start bond sales in April
Thursday 09 Feb 2023
(Sharecast News) - Sweden's central bank lifted its benchmark policy rate to by 0.5 percentage points to 3% on Thursday and said a further rise was likely in the spring as it also announced a governme... Read More
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German consumer prices rise by less than expected in January
Thursday 09 Feb 2023
(Sharecast News) - The cost of living in Germany rose by less than expected by economists at the start of 2023. Read More
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US close: Stocks lower as traders digest earnings and Fed commentary
Thursday 09 Feb 2023
(Sharecast News) - Wall Street stocks were in the red at the end of trading on Wednesday as market participants digested comments from central bankers and thumbed over more corporate earnings. Read More
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Europe close: Stocks end mostly higher as investors assess rate outlook
Wednesday 08 Feb 2023
(Sharecast News) - European shares were mostly higher, apparently taking their cue from a rally on Wall Street the day before after less-hawkish-than anticipated comments from US Federal Reserve chief... Read More
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Fed's Williams says there's still 'work to do', 'a lot of uncertainty ' around inflation outlook
Wednesday 08 Feb 2023
(Sharecast News) - The Federal Reserve has its work cut out for it in bringing supply and demand into balance, a top official said. Read More
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US open: Stocks lower as investors focus on earnings and Fed speakers
Wednesday 08 Feb 2023
(Sharecast News) - Wall Street stocks were were in the red early on Wednesday as market participants digested comments from the head of the central bank and thumbed over more corporate earnings. Read More
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US pre-open: Futures mostly lower as traders look to Fed
Wednesday 08 Feb 2023
(Sharecast News) - Wall Street futures were mostly in the red ahead of the bell as market participants looked ahead to a number of speeches from Federal Reserve officials and continued to digest comme... Read More
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CVS Health to buy Oak Street Health in $10.6bn deal
Wednesday 08 Feb 2023
(Sharecast News) - US pharmacy chain CVS Health said on Wednesday that it has agreed to buy Oak Street Health in a $10.6bn all-cash deal. Read More
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Fourth-quarter income falls at SocGen
Wednesday 08 Feb 2023
(Sharecast News) - Societe Generale reported a slide in fourth-quarter income on Wednesday, after the French lender boosted provisions for bad loans. Read More
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Cryptos rebound; Powell boosts Bitcoin above $23,000
Wednesday 08 Feb 2023
(Sharecast News) - The cryptocurrency market rebounds. Bitcoin (BTC) rises 1.2% in the last 24 hours and exceeds $23,200, while Ethereum (ETH) soars 2.6% and flirts with $1,700. Read More
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Asia report: Shares mixed as Powell calms rate rise jitters
Wednesday 08 Feb 2023
(Sharecast News) - Asia-Pacific shares were mixed on Wednesday, after US Federal Reserve Chairman Jerome Powell said inflation was falling, indicating rate hikes could be paused. Read More
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US close: Stocks end session higher following Powell speech
Wednesday 08 Feb 2023
(Sharecast News) - Wall Street stocks closed higher on Tuesday as traders digested comments from the Fed's Powell. Read More
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Fed's Powell says message from last policy meeting was that "disinflation process" had begun
Tuesday 07 Feb 2023
(Sharecast News) - The head of the US central bank told an audience that the "message" from its last policy meeting was that the "disinflation process" had begun. Read More
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Europe close: Stocks end mixed ahead of speech by Fed's Powell
Tuesday 07 Feb 2023
(Sharecast News) - European shares traded mixed on Tuesday, as investors kept a weary eye on a policy speech by US Federal Reserve chairman Jerome Powell scheduled for later in the day. Read More
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US open: Stocks lower ahead of Powell speech
Tuesday 07 Feb 2023
(Sharecast News) - Wall Street stocks were in the red early on Tuesday as traders awaited comments from the Fed's Powell. Read More
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US foreign trade deficit widens a tad less than expected in January
Tuesday 07 Feb 2023
(Sharecast News) - America's shortfall on trade with the rest of the world widened by less than expected at the end of 2022, as import growth picked up. Read More
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Bitcoin miners Hut8, US Bitcoin agree all-share merger
Tuesday 07 Feb 2023
(Sharecast News) - Canadian bitcoin miner Hut 8 Mining and US Bitcoin have agreed to merge in an all-share deal. Read More
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