News

At last week’s meeting of the ECB’s Governing Council, we decided to increase our main policy rate by 50 basis points.  This continues the normalisation of our monetary policy, a path that we had started to travel on last December. Our aim is to dampen the inflationary pressures that we’re seeing in the euro area […]

Shares of Turquoise Hill Resources Ltd. TRA, TRQ, +25.67% rallied 22% in premarket trades on Wednesday after Rio Tinto Plc RIO, -2.96% RIO, -2.31% said it would hike its offer to value the Canadian mining company at $3.1 billion. Rio Tinto increased its buyout price for the 49% of Turquoise Hill it doesn’t currently own […]

Kellogg Co. K, +0.10% plans to separate into three businesses, and the company on Wednesday provided new details about who will lead the cereal unit once the split takes place. Gary Pilnick, a Kellogg veteran of more than two decades who helped with the company’s acquisition of Pringles about 10 years back, will serve as […]

Group 1 Automotive Inc. GPI, +0.95%, an operator of car dealerships, said Wednesday it has named Daryl Kenningham as its chief executive effective Jan. 1, 2023, replacing Earl Hesterberg, who is retiring at the end of the year. Kenningham is currently president of U.S. operations and will become president and chief operating officer with immediate […]

As cryptocurrency mining operators look for new locations, an Armenian firm has added an additional 60MW cloud hosting facility based at a local power plant. Source: Cointelegraph

U.S. stocks opened marginally lower again on Wednesday as the main benchmarks headed for a fourth day of losses ahead of closely-watched commentary from Federal Reserve Chairman Jerome Powell. The S&P 500 SPX, +0.20% fell 3 points, or 0.1%, to 4,126. The Nasdaq Composite COMP, +0.37% retreated 5 points, or 0.1%, to 12,377. The Dow […]