Hints and tips:
...That is especially true in the US, where the cost of living squeeze and the growth of disposable vapes drove cigarette volumes down 11 per cent in 2022....
...“There is a potential for this to be a good business on a unit economic [basis] without PFOF,” he said....
...Oil also fell, with Brent crude falling 2.4 per cent to $80.77 per barrel and US equivalent West Texas Intermediate dropping 2.9 per cent to $74.53 per barrel....
...Standard Chartered to set up a fully owned securities unit on the mainland....
...We expect results to remain fairly strong for the intermediate term,” said Jason Goldberg, banking analyst at Barclays....
...Note that household expenditure inflation is much higher than the average 11 per cent....
...It averaged more than $18.1m, up from $11.6m....
...But by year’s end, SoftBank had begun to unwind the trades after both investors and employees raised questions about the governance of the unit....
...Inspections show signs of wear on Intermediate Pressure Compressor blades in “a minority” of cases....
...The 11-year-old company stands to be among the biggest listings in 2020, having been valued at $31bn in its most recent funding round....
...Meanwhile, China vowed on Tuesday to take countermeasures if the US deploys intermediate-range missiles in the Pacific....
...It also strengthened against the euro — with a unit of the shared currency costing £0.8595....
...Against the euro, the pound was 0.4 per cent weaker, with a unit of the shared currency costing £0.8872....
...Two of the benchmark’s 11 sectors were spared damage: financials, which tend to benefit from higher interest rates, and utilities....
...“The fact the group will no longer report unit sales of iPhones and iPads suggests they don’t want to draw attention to the numbers, possibly because we might be near peak iPhone sales,” added David Madden...
...Job Moves US law firm Weil, Gotshal & Manges has named 11 new partners and 10 new counsel. See list here....
...US West Texas Intermediate was down 1.7 per cent in late trade at $67.04, with the Brent-WTI spread briefly more than $11 for the first time since 2015. Gold was down $1 at $1,299 an ounce....
...Shares in ICG rose as much as 11.6 per cent in early morning trade to hit £10.37, the biggest intraday rise in a decade, according to Bloomberg....
...It will trade from 9am to 11.30am, and 1.30pm and 3pm, as well as at night between 9pm and 2.30am....
...US West Texas Intermediate was 1.9 per cent higher in late trade at $66.72. Gold was up $11, or 0.8 per cent, at $1,350 an ounce — off a high of $1,365....
...West Texas Intermediate, the main US contract, was 0.2 per cent lower in late trade at $59.18. Gold was up $6 at $1,329 an ounce....
...Mercedes-Benz and the smart brand increased sales by 6 per cent last quarter, to 597,300 units. Operating margins for Mercedes cars fell to 9.2 per cent, from 11.8 per cent a year ago....
...Much of what the US imports is in the form of parts and other intermediate goods that feed into companies’ supply chains....
...: Ireland 11.00: Portugal GDP 11.00: UK Confederation of British Industry industrial trends survey The markets at 07:47 Asian markets Nikkei 225 down -51.03 (-0.25%) at 20,296 Topix down -4.13 (-0.25%)...
...West Texas Intermediate, the main US contract, was down 0.1 per cent at $49.87....
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