Page 190 - Rep News Today

In 2021, Enel had the world at its feet. Thanks to early bets on wind and solar by Francesco Starace, chief executive since 2014, the Italian utility was worth $105 billion and it seemed all set to be a major winner from the energy transition. Fast-forward two years, and Starace has been ousted by the Italian government, Enel’s 24% shareholder, the group’s net debt has ballooned due to energy crisis troubles, and it’s now only worth $65 billion.

The Indian rupee was expected to firm on Thursday, after U.S. inflation softened more than expected and raised hopes that the Federal Reserve was near the end of its hiking cycle.

A look at the day ahead in Asian markets from Jamie McGeever.

South Africa's rand firmed in early trade on Thursday, ahead of a local investment conference and mining data due later in the day.

Ongoing stress in the New York City commercial real estate sector is still creating economic headwinds for the region as it nears a complete recovery from the coronavirus pandemic, and it’s unclear when or if the sector will return to its prior strength, the New York Fed said Thursday.

As the White House pushes on with sweeping export restrictions to contain China’s rise, President Xi Jinping is starting to retaliate. Officials are swatting U.S. firms like chipmaker Micron Technology and the Mintz Group, a due diligence investigator, but on balance Beijing has resisted wholesale scapegoating of American capital. Xi perhaps recognises he can ill-afford to indulge his temper for now.

Gold prices gained on Wednesday as investors keenly await key U.S. inflation data for signs of how close interest rates are to peaking.

Augur (REP) traded 0.8% lower against the dollar during the 1-day period ending at 23:00 PM E.T. on April 11th. During the last week, Augur has traded up 0.1% against the dollar. One Augur token can now be bought for $7.94 or 0.00026491 BTC on major cryptocurrency exchanges. Augur has a market cap of $87.36 […]

A look at the day ahead in markets from Ankur Banerjee.

The Kenyan shilling was broadly stable against the dollar in a quiet market on Wednesday, traders said.