Citigroup CEO Fraser Fights to Sell Turnaround Plan to Investors | Investment news

NEW YORK (Reuters) – Citigroup Inc chief executive Jane Fraser must struggle to convince skeptical analysts and investors that she can overturn the bank despite overseeing a sweeping overhaul in less than a year at the helm. Fraser took over the leadership of the Wall Street bank in February 2021, tasked with transforming a company … Read more

Investors Wary of Bank Growth Despite Executive Optimism | Investment news

WASHINGTON (Reuters) – While US bank leaders were bullish on the economic outlook on Friday, pointing to an increase in some lending activity and a rise in consumer spending, investors were skeptical of the industry’s growth prospects. Drivers of the US economy JPMorgan Chase & Co, Citigroup Inc and Wells Fargo & Co reported combined … Read more

Earnings to Test Growth Shares After Rocky Start to Year | Investment news

NEW YORK (Reuters) – A tough start to 2022 for US tech and growth stocks is upping the ante for upcoming earnings reports as investors seek reasons to maintain confidence in equities as they prepare for rate hikes. US interest. The S&P 500 information technology sector, which accounts for nearly 29% of the weight of … Read more

Asian Equities Slide As Rising US Yields Hit Tech Stocks | Investment news

HONG KONG (Reuters) – Asian equities fell Wednesday on higher US Treasury yields which weighed on global tech companies and pushed the dollar to a five-year high against the Japanese yen. U.S. yields rose Tuesday as bond investors braced for Federal Reserve interest rate hikes by the middle of the year to curb stubbornly high … Read more

Dollar Celebrates 2022 With Gains Amid Positive New Year Mood | Investment news

LONDON (Reuters) – The dollar strengthened relative to its main rivals as optimistic market sentiment raised European equity and government bond yields for the first trading day of 2022 on Monday. But with London, Europe’s leading FX mall closed for a market holiday, volume is expected to remain limited. As the spate of coronavirus cases … Read more

Buoyant European Equities Greet New Year to Record Highs | Investment news

LONDON (Reuters) – World equity markets started 2022 confidently on Monday after a third straight year of double-digit gains, as the dollar, oil prices and benchmark government bond yields all took their first steps rising. London traders were enjoying their last day off holiday, but continental Europe saw a lively start, with the STOXX 600 … Read more

Inflation in Turkey Rises 36% Amidst the Lira Crisis, the Highest Since 2002 | Investment news

ISTANBUL (Reuters) – Turkey’s annual inflation rose much more than expected to 36.08% yoy in December, the highest since September 2002, data showed Monday reflecting a plunge in the lira’s value at the end of the year. last year. Month over month, consumer prices rose 13.58%, according to the Turkish Statistical Institute, compared to a … Read more

EU draft plan to label gas and nuclear investments as green | Investment news

By Kate Abnett and Simon Jessop (Reuters) – The European Union has come up with plans to label some natural gas and nuclear energy projects as “green” investments after a year-long battle between governments over which investments are truly climate-friendly. The European Commission is expected to propose rules in January to decide whether gas and … Read more

China’s December Factory Activity Likely Flat – Reuters Poll | Investment news

BEIJING (Reuters) – Chinese industrial activity likely did not grow or shrink in December, according to a Reuters poll, amid disruptions due to the COVID-19 outbreaks and as the economy lost momentum in the fourth quarter. The official manufacturing purchasing manager (PMI) index is expected to drop to 50 in December, from 50.1 in November, … Read more

Clayton of Schneider Electric on the power of mentoring | Investment news

NEW YORK (Reuters) – Annette Clayton knows how few women are in the energy sector. She is using her power as one of the oldest women in the field to change it. “I’m a huge advocate of mentoring,” says Clayton, who is CEO and president of North American operations at Schneider Electric, which is headquartered … Read more