The Italian bank moves toward divesting assets in Russia amid ongoing geopolitical tensions and sanctions pressures. UniCredit has reached a non-binding agreement to sell parts of its Russian business, marking a step toward reducing exposure in the region. The deal follows
The UK oil and gas producer revised its annual output forecast higher due to improved operational performance and project execution. Harbour Energy increased its 2024 production guidance to 180,000-190,000 barrels of oil equivalent per day, up from a prior range of 170,000
Manufacturers in China report minimal concern over potential US tariff hikes as trade tensions persist before Trump’s upcoming trip. Chinese exporters remain largely unaffected by renewed US tariff threats, citing long-term supply chain resilience and diversified markets.
Britain's Shell posted stronger-than-expected quarterly profit as the Iran war sent fossil fuel prices soaring.
Industrial production +5.0% vs +1.0% m/m expected Prior +0.9%; revised to +1.4% That's a solid reading and even when you look at the details in excluding large orders, new orders in the manufacturing sector were 5.1% higher in March compared to the previous month. That mar
The retail REIT outlines a plan to boost occupancy and net operating income growth under its Path Forward strategy. Macerich announced targets to achieve 88%-89% physical permanent occupancy through its Path Forward plan, aiming for at least 3% go-forward net operating inc
Investors react positively to reports of a potential peace deal between the US and Iran, easing geopolitical tensions. Markets surged on reports of a proposed peace deal aimed at ending the conflict between the US and Iran, fueling optimism over reduced geopolitical risks.
Central and Eastern Europe sees declining consumer sentiment, except Hungary, signaling uneven economic recovery in the region. Consumer confidence in Central and Eastern Europe (CEE) has declined, reversing a recovery trend observed from 2023 through mid-2024. The drop fo
Norway’s Equinor anticipates higher earnings in renewable energy sectors due to geopolitical tensions disrupting traditional energy markets. Equinor expects the Iran conflict to accelerate demand for its wind and transition-focused industries. The company cited geopolitica
Negotiations stall as European Union rejects key U.S. demands on agriculture and auto tariffs, delaying a potential deal. The European Union and United States failed to reach a trade agreement before a self-imposed deadline, with EU officials citing unresolved disputes ove
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