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Stocks making the biggest moves midday: Alcoa, Nio, Williams-Sonoma, Chefs’ Warehouse and more

Sep 26, 2023

Alcoa— Shares of the aluminum stock slipped 6.1% after the company said executive vice president William Oplinger would succeed Roy Harvey as CEO and president. Oplinger also joined Alcoa’s board of directors, the company added.

Some soft commodity prices are surging, adding to consumer woes

Sep 26, 2023

Surging prices for soft commodities, from orange juice to live cattle, are complicating the inflation picture. 

Corporate pensions are at their healthiest in more than a decade

Sep 26, 2023

Pension plans for the largest U.S. companies are at their healthiest in more than a decade — and that’s largely good news for the workers who participate in such plans, said retirement experts.

EU trade chief says the outcome of China EV probe cannot be prejudged

Sep 26, 2023

BEIJING — Europe has launched an investigation into Chinese electric vehicle subsidies, but no assumptions should be made about the probe’s outcome, the head of trade for the European bloc’s executive branch said Tuesday.

Markets tumble amid rate hike fears

Sep 26, 2023

 Markets fell further on Tuesday as investors grew increasingly fearful about the possibility of another US interest rate hike and the prospect of keeping rates elevated for an extended period to combat persistent inflation.

S&P upgrades SoftBank’s credit otlook to positive on Arm IPO

Sep 22, 2023

S&P Global Ratings revised its credit outlook for Japanese technology investor SoftBank Group to positive from stable after the initial public offering (IPO) of British chip designer, Arm Holdings , its largest asset, last week, as Reuters reported.

Reko Diq draws interest from mining giants

Sep 22, 2023

Several major mining firms have expressed keen interest in Barrick Gold Corp.'s huge copper project in Pakistan, along with Saudi Arabia, according to the company’s top executive.

Pakistan’s LNG demand to triple by 2028: Bloomberg

Sep 22, 2023

Pakistan’s liquefied natural gas demand will nearly triple in five years as its production of domestic gas dwindles, Bloomberg reported.

Turkey’s central bank raises policy rate by 500bps to 30%

Sep 22, 2023

The Board is simplifying the existing micro- and macroprudential framework in a way that will increase the functionality of market mechanisms and strengthen macro-financial stability.

SBP to discontinue airtime incentive for USD remittances

Sep 22, 2023

The incentive of airtime equivalent to Rs2 per USD allowed by the Government of Pakistan will no longer be available or valid after thirty days, the latest circular issued by the Banking Policy & Regulations department of State Bank of Pakistan (SBP) notified today.

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