Author: Press Room

(Reuters) – A conflict raging in Sudan is rattling neighbouring countries and worrying the United States and others for reasons ranging from concern about shared Nile waters and oil pipelines to the shape of a new government and a new humanitarian crisis in the making. Sudan, which relies heavily on foreign aid, is no stranger to conflict. But this time fighting is tearing apart the capital instead of a remote corner of a nation, which lies in an unstable region bordering the Red Sea, Sahel and Horn of Africa. Five of Sudan’s seven neighbours – Ethiopia, Chad, Central African Republic,…

MUMBAI (Reuters) – India’s foreign exchange reserves rose for a second week to hit an over nine-month high of $586.41 billion for the week ended April 14, the Reserve Bank of India’s (RBI) statistical supplement showed on Friday. That is an increase of $1.65 billion from the previous week. Reserves had gone up by $6.3 billion in the week ending April 7. The central bank intervenes in the spot and forwards markets to prevent runaway moves in the rupee. Changes in forex reserves also stem from valuation gains or losses. For the reported week, the rupee had ended marginally higher…

WINTERTHUR, Switzerland (Reuters) -Swiss inflation may be low compared to other countries but is still too high, Swiss National Bank Vice Chairman Martin Schlegel said on Wednesday, hinting at possible further interest rates ahead. “It is clearly above the level we associate with price stability,” Schlegel told an event in Winterthur. “We cannot rule out further interest rate increases.” Swiss inflation dipped to 2.9% in March from 3.4% in February, high by Swiss standards and above the SNB’s target for inflation at 0-2% – which it defines as price stability. The SNB has responded by hiking interest rates at each…

Apple AAPL now has a high-yield savings account (at 4.15%) for its Apple Card customers. The account is provided in a partnership with Goldman Sachs. It offers a higher rate than Goldman’s own offerings, is FDIC insured and consumers can fund it from their Apple Cash balances or directly from a linked bank account. Why would Goldman Sachs (which has just reported a 19% decline in first-quarter profits on weaker revenue, higher expenses and a $470 million loss from selling some of its consumer loans) do this? They have no choice: it is the future of banking. It’s Apple, It’s…

Microsoft (NASDAQ: MSFT) is scheduled to report its fiscal Q3 2023 results on Tuesday, April 25, 2023. We expect the revenues to top the consensus estimates and earnings to match (just above) the expectations. The company posted mixed results in the last quarter (FY July- June), with earnings beating the street consensus but revenues missing the mark. Its total revenues increased 2% y-o-y to $52.75 billion. It was driven by an 18% rise in the intelligent cloud segment, partially offset by negative growth in productivity & business processes and more personal computing businesses. We expect the same trend to continue…

Marriage and divorce aren’t the only types of relationships that can have an impact on your interactions with money. Long before you even consider marriage the beliefs you have relating to money; its prominence, and how you should behave with it, are cemented in childhood. Across several key stages in your development your interactions with money can be influenced by the relationships you develop and maintain throughout your life such as: Inclusion or exclusion due to your socioeconomic status; Navigating various friend groups; When, where, or if you attend college; The types of jobs you seek out; Romantic partners; Etc.…

The average rate for a 30-year fixed-rate mortgage increased to 6.39% for the week ending April 20, 2023, according to the latest data by Freddie Mac. That’s up from the previous week when it averaged 6.27% and from last year when it averaged 5.11%.  The average rate for a 15-year fixed-rate mortgage increased to 5.76%, up from 5.54% the previous week and 4.38% last year. “Home prices have stabilized somewhat, but with supply tight and rates stuck above six percent, affordable housing continues to be a serious issue for potential homebuyers,” Freddie Mac Chief Economist Sam Khater said. “Unless rates drop…

Procter & Gamble on Friday reported quarterly earnings and revenue that topped analysts’ expectations as higher prices helped offset lower demand for its products.The company, which owns household brands like Febreze, Charmin and Tide, also raised its forecast for organic sales growth for fiscal 2023 to 6%, up from its prior range of 4% to 5%.Shares of the company rose 2% in premarket trading.Here’s what the company reported for the quarter ended March 31 compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:Earnings per share: $1.37 vs. $1.32 expectedRevenue: $20.07 billion vs. $19.32 billion expectedP&G reported fiscal…

Check out the companies making headlines before the bell:Procter & Gamble Company – Shares gained about 1.5% in the premarket after the consumer goods giant’s earnings and revenue for its fiscal third quarter topped Wall Street’s expectations. Procter & Gamble also boosted its forecast for organic sales growth for fiscal 2023 to 6% from its earlier forecast of 4% to 5%.related investing newsCSX Corporation – Shares climbed 2.4% after CSX’s first-quarter results topped expectations. The transportation company reported 48 cents per share and revenue of $3.71 billion. Analysts polled by Refinitiv had anticipated earnings of 43 cents per share and…

The waters of the Bay of Lakonikos, on the south-eastern side of Greece’s Peloponnese peninsula, are a bright turquoise color. Its shores are an important nesting site for sea turtles. Yet it’s not just a place of natural beauty. The area has become a key hub for tankers carrying Russian energy exports. As crude and refined petroleum products that would usually go to the European Union are rerouted to Asia — with most seaborne oil imports banned by the bloc in response to Moscow’s assault on Ukraine — cargoes are being transferred here onto larger vessels to make the long…