Around 5% of banks globally are vulnerable to stress if central bank interest rates remain higher for longer, despite the easing of turmoil in the sector in recent months, the International Monetary Fund (IMF) said on Tuesday.
Strategists at Deutsche Bank have recommended an overweight in equities into 2024, as risks are now well reflected in the market and those are about to turn into opportunities.
Gold prices edged down on Tuesday after clocking a sharp rise in the last session, as risk sentiment improved and bond yields rebounded, while investors await the U.S. inflation data due later this week.
Honeywell International is restructuring its business operations to three segments down from four to boost sales growth and reallocate capital, the industrial conglomerate said on Tuesday.
Cargo shipping companies will from next year no longer enjoy a decades-long exemption from EU rules against anti-competitive agreements because this derogation does not boost competition any more, EU antitrust regulators said on Tuesday.
Robert Walters has seen an increase in hiring by clients who are moving to Southeast Asia as Western companies seek to reduce their reliance on China, the global recruitment company said on Tuesday.
A tight U.S. labor market, the expiry of union contracts and high living costs have led to tough negotiations for pay hikes and benefits, triggering strikes and protests across industries.
The International Monetary Fund on Tuesday left its global growth outlook unchanged for this year as the “remarkable strength” of the U.S. economy counterbalanced weaker forecasts for China and the euro area. Following is a summary of the estimates by selected countries and regions and the change from prior IMF forecasts.
Solar project developer Emeren Group said on Tuesday it has completed the grid connection of its inaugural solar storage project last month in Ningbo, Zhejiang Province, China.
