The International Energy Agency on Friday downgraded its forecast for 2024 oil demand growth, citing “exceptionally weak” OECD deliveries, a largely complete post-Covid-19 rebound and an expanding electric vehicle fleet. In its latest monthly oil market report, the IEA said it had revised down its 2024 oil demand growth forecast by around 100,000 barrels per … Read more
The New York Community Bank (NYCB) headquarters in Hicksville, New York, US, on Thursday, Feb. 1, 2024. Bing Guan | Bloomberg | Getty Images New York Community Bank’s shares whipsawed between losses and gains early Wednesday after Moody’s Investors Service downgraded the bank’s credit ratings two notches to junk. NYCB shares fell 2.8%, reversing earlier … Read more
CUPERTINO, CALIFORNIA – SEPTEMBER 12: The new iPhone 15 Pro is displayed during an Apple event at the Steve Jobs Theater at Apple Park on September 12, 2023 in Cupertino, California. Justin Sullivan | Getty Images News | Getty Images Shares of Apple suppliers fell in Asia on Wednesday after Barclays downgraded the iPhone maker … Read more
An urban view of high-rise buildings at dusk as seen from Hong Kong’s Victoria Peak on July 23, 2023 in Hong Kong, China. Future Publishing | Future Publishing | Getty Images The World Bank trimmed its growth forecast for developing East Asia and Pacific, citing a sluggish China and global demand amid still-high interest rates … Read more