IBT Staff Reporter

1381-1410 (out of 154944)

Miner Newmont Warns Inflation To Spike Costs In 2023

Newmont Corp on Monday raised its annual cost forecast and warned that inflationary pressures would persist into 2023 after its second-quarter profit missed Street estimates, sending the world's biggest gold miner's shares down 12%.

Global Gasoline Cracks Collapse, Blow To Refiners' Profits

A sudden crash in global gasoline prices in the past two weeks has dented refiners' profits, pushing up inventories in key trading hubs around the world while looming exports from China and India also add to pressure on growing stockpiles.

Turkish Lira On Slow Slide In Search Of FX Relief

The Turkish lira slipped again on Monday, sustaining a slow slide towards 18 against the dollar as concerns mounted about the government's foreign exchange policy in the face of surging inflation and fears of global recession.

Pages