Asian shares rise, dollar sways as slowing rate hike looms

(Reuters) - Gold prices fell on Thursday due to a firmer dollar and strong U.S. economic data that could prompt the Federal Reserve to keep interest rates higher for longer. Spot gold fell 0.8% to $1,931.37 per ounce by 1:52 p.m. ET (1852 GMT), after having slipped to as much as $1,918.49. Prices also hit their highest since April 2022 at $1,949.09 earlier in the session.

(Reuters) - Gold prices eased on Thursday as the dollar firmed, while investors braced for U.S. economic data that could provide clues on the whether the Federal Reserve would further slow the pace of its interest rate hikes. Spot gold fell 0.5% to $1,936.97 per ounce by 0935 GMT, after...

FRANKFURT (Reuters) - Bank lending to euro zone companies tumbled in December, effectively ending the sector's biggest borrowing binge in more than a decade as rising interest rates and a possible recession appear to be taking their toll, European Central Bank data showed on Friday. With inflation soaring to double...

(Reuters) -Weekly inflows into stocks in the week to Wednesday were the largest in six weeks, data from BofA Global Research showed, as China's reopening of its borders and expectations that bond yields have peaked fed investor risk appetite. Investors poured $13.9 billion into stocks with $3.4 billion flowing into...

(Reuters) -Oil prices settled lower on Friday, making their weekly finish flat to lower, as indications of strong Russian oil supply offset better-than-expected U.S. economic growth data, strong middle distillate refining margins and hopes of a rapid recovery in Chinese demand. Brent futures settled down 81 cents, or 0.9%, at...

PARIS (Reuters) - Euronext wheat eased on Friday after a three-day rally but still posted its first weekly gain in a month as traders set competition from cheaper Black Sea supplies against risks from the ongoing war in Ukraine. March wheat on Paris-based Euronext settled 1% lower at 286 euros...

* Banco de Chile is expected to show a fall in quarterly revenue when it reports results on January 31. * The Santiago-based company is expected to report a 0.1% decrease in revenue to $841.385 million from $842.27 million a year ago, according to the mean estimate from 2 analysts, based on Refinitiv data. * ​Refinitiv's mean analyst estimate for Banco de Chile is for earnings of 67 cents per share. * The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," 4 "hold" and 1 "sell" or "strong sell." * The mean earnings estimate of analysts was unchanged in the last three months. ​ * Wall Street's median 12-month price target for Banco de Chile is $21​, below​ its last closing price of $21.56. ​​​ Previous quarterly performance (using preferred earnings measure in US dollars). ​ QUARTER STARMINESM REFINITIV ACTUAL BEAT, SURPRI ENDING ARTESTIMAT IBES MET, SE % E® ESTIMATE MISSED Sep. 30 2022 0.38 0.67 0.73 Beat 7.8 Jun. 30 2022 0.80 0.73 1.01 Beat 38.6 Mar. 31 2022 0.70 0.67 0.72 Beat 6.9​ Dec. 31 2021 0.56 0.51 0.68 Beat 33.3 ​​Sep. 0.47 0.45 0.47 Beat 4.7 30 2021 Jun. 30 2021 0.42 0.40 0.45 Beat 12.7​ Mar. 31 2021 0.39 0.36 0.45 Beat 22.8 Dec. 31 2020 0.34 0.30 0.56 Beat 88.6 This summary was machine generated January 27 at 22:01 GMT. All figures in US dollars unless otherwise stated.

Jan 26 (Reuters) - Opium cultivation in military-ruled Myanmar jumped 33% last year, reversing a six-year downward trend in the strife-torn country, a United Nations report said on Thursday. The growth was "directly connected" to the political and economic turmoil in Myanmar since the military took power in a coup...

(Reuters) - Five of the biggest U.S. chipmakers were set to erase nearly $15 billion in market value on Friday after Intel Corp stumped Wall Street with dismal earnings projections, fanning fears around a slump in the personal-computer market. The company predicted a surprise loss for the first quarter and...

Achieving the aggressive offshore wind power goals of the federal government and individual states will require billions of dollars in spending on transmission infrastructure, “unprecedented” cooperation between grid operators and federal and state agencies, and would be aided by major buildout of a domestic supply chain, per a pair of reports released this week.  Coastal […] The post Offshore wind will need major investments in transmission, supply chain, reports say appeared first on Colorado Newsline.

* ZIONS BANCORPORATION’S BOARD APPROVES SHARE REPURCHASE AND DECLARES DIVIDENDS ON COMMON AND PREFERRED STOCK. * ZIONS BANCORPORATION NA - AUTHORIZED A SHARE REPURCHASE FOR Q1 OF 2023 OF UP TO $50 MILLION. * ZIONS BANCORPORATION NA - ZIONS HAS OBTAINED REQUISITE REGULATORY APPROVAL TO ALLOW ZIONS TO TIMELY...

BRASILIA (Reuters) - Brazil's government will try to reach a deal "as soon as possible" on compensation for the 2015 burst of a tailings dam owned by Samarco, a joint venture between Vale and BHP <BHP.AX>, Institutional Relations Minister Alexandre Padilha said on Friday. In a news conference in Brasilia,...

CXO stock traded in the green zone on 27 January 2023, at AU$1.13. Core Lithium Ltd’s (ASX:CXO) broader strategy is to build a sustainable, value-driven lithium business. CXO recently reported its first revenue event- the maiden shipment of lithium product from Finniss to China. At noon on 27 January...

WASHINGTON (Reuters) - Sen. Elizabeth Warren, an outspoken critic of corporate consolidation, wrote to the U.S. Federal Trade Commission to express concern about two pending pharmaceutical deals. In a letter dated Wednesday, Warren said that she was focused on Amgen's plan to buy Horizon Therapeutics, and addiction specialist Indivior's plan...

TOKYO, Jan 27 (Reuters) - Japan and the Netherlands will soon agree to join the United States in restricting exports of semiconductor manufacturing equipment to China, Bloomberg News reported. Talks between the countries will conclude as early as Friday, with the Netherlands restricting ASML Holding NV from selling machines to...

(Reuters) - U.S. bond funds obtained net inflows for a third straight week in the seven days to Jan. 25 as investors remained hopeful that the Federal Reserve would deliver a smaller 25 basis-point policy rate hike next week. Refinitiv Lipper data showed U.S. bond funds obtained a net $4.89...

(Reuters) -Lucid Group's shares pared gains after doubling on Friday on market speculation that Saudi Arabia's Public Investment Fund is working on plans to buy out the rest of the electric vehicle maker. The speculation came as a result of an "uncooked" alert from deals website Betaville. The website uses...

NEW DELHI (Reuters) - Air India will on Friday seal half of an order worth billions of dollars for some 495 jets with Boeing and engine suppliers General Electric and CFM International, two industry sources said, as its new owner seeks to revive the airline and compete with much larger rivals.

Jan 27 (Reuters) - French spirits maker Remy Cointreau posted a smaller-than-expected drop in third-quarter sales on Friday, as steep shipments to China ahead of the Lunar New Year partly offset lower cognac consumption in the United States. The maker of Remy Martin cognac and Cointreau liquor confirmed its full-year...

KYIV, Jan 26 (Reuters) - The central bank expects Ukraine's trade deficit to widen considerably this year due to a smaller projected grain harvest and Russian attacks on critical infrastructure, Deputy Central Bank Governor Serhiy Nikolaichuk told reporters on Thursday. Disclaimer. The above content is directly sourced from Reuters under...