Europe’s energy ministers are convening to address the ongoing imports of Russian natural gas amid the ongoing war in Ukraine, which is entering its third winter. As the conflict continues, discussions focus on energy security and alternative sources to reduce dependence on Russian supplies. Ministers aim to find a unified approach to ensure stability while navigating the geopolitical landscape.
In just one year, Greece has sold off most of its significant holdings in the banking sector. This move reflects a broader trend across Europe as governments aim to move past the financial crisis that affected the region over a decade ago.
Chinese stocks saw deeper losses in Tuesday's afternoon trading, raising questions about the sustainability of the market's stimulus-driven rally. Analysts are increasingly debating how much further the rally can continue amidst growing concerns.
Iron ore prices have dropped as investors are shifting their focus from China's stimulus plans and demand outlook to supply prospects. Key mining companies are set to release their quarterly production reports, which could further influence the market.
Hong Kong's leader is set to prioritize economic growth in an annual speech this week. Plans may include a cut to liquor taxes and strategies to enhance the city’s standing as a global finance center.
Shares in Asia and European equity futures rose today, following another record high on Wall Street, driven by technology stocks. Meanwhile, oil prices fell as fears over a potential Israeli attack on Iranian energy facilities subsided.
Oil prices dropped for the third consecutive session following a report suggesting that Israel may not target Iran’s crude infrastructure. This news has reduced fears of a significant supply disruption in the market.
Betsy Graseck, Morgan Stanley's global head of banks and diversified finance research, shared insights on upcoming earnings reports from major banks, including Goldman Sachs, Bank of America, and Citigroup. Speaking on "Bloomberg The Close," she highlighted key expectations and trends to watch in the financial sector.
Good morning, it's Georgie here in Sydney. Here’s what you need to know today: Investors are feeling positive about the Aussie dollar. Meanwhile, Albanese’s Labor Party has seen a dip in the polls. In other news, Tribeca's star fund manager Jun Bei Liu is set to launch her own firm.
Petrobras is ramping up efforts to maximize oil extraction from its current fields in Brazil. The company is also actively searching for new reserves to ensure production doesn't start to decline in the 2030s.
