Category Archives:
Asia stocks hit 7-month high on China and CPI bets
By Tom Westbrook SINGAPORE (Reuters) - Asian stock markets mostly pushed higher on Thursday, ahead of U.S. consumer price data that investors hope will confirm inflation is in retreat, while the yen r...
Jan 11, 2023
China consumer inflation accelerates in Dec, PPI falls with soft demand
BEIJING (Reuters) - China recorded accelerating annual consumer inflation in December, driven by rising food prices even as domestic demand wavered amid restrained economic activity during the month. ...
Jan 11, 2023
Stripe cuts internal valuation by 11% – The Information
(Reuters) - Digital payments firm Stripe has cut the internal value of its shares by about 11%, implying a valuation of $63 billion, the Information reported on Wednesday. It's at least the third time...
Jan 11, 2023
Yen jumps; dollar tentative ahead of U.S. inflation data
By Rae Wee SINGAPORE (Reuters) - The yen got a boost on Thursday on expectations that the Bank of Japan will review the side effects of its monetary easing, while the dollar paused its retreat and wob...
Jan 11, 2023
Amazon workers’ union victory upheld by U.S. labor board director
By Jeffrey Dastin (Reuters) - A U.S. labor board director has upheld Amazon.com Inc workers' landmark union victory at a warehouse in New York, according to a decision issued Wednesday, bringing the o...
Jan 11, 2023
Japan posts record current account surplus for November
By Tetsushi Kajimoto TOKYO (Reuters) - Japan logged the largest current account surplus for the month of November, driven by a record rise in primary income gains from returns on Japanese overseas inv...
Jan 11, 2023
Brazil’s Americanas CEO Rial, CFO Covre resign amid $3.8 billion accounting `inconsistency`
SAO PAULO (Reuters) - Brazilian retailer Americanas SA said on Wednesday its chief executive and chief financial officer had resigned after the discovery of around 20 billion reais ($3.88 billion) in ...
Jan 11, 2023
Subway explores sale that could value it at over $10 billion- WSJ
(Reuters) - Sandwich chain Subway has retained advisers to explore a sale of the closely held company, the Wall Street Journal reported on Wednesday, citing people familiar with the situation. The pro...
Jan 11, 2023
Lucid beats lawsuit claiming it defrauded SPAC investors about production outlook
By Jonathan Stempel (Reuters) - Lucid Group Inc on Wednesday won the dismissal of a lawsuit accusing the luxury electric car maker of defrauding investors in the special-purpose acquisition company th...
Jan 11, 2023
Blinken says no request so far from Brazil over events of Jan. 8
By Humeyra Pamuk WASHINGTON (Reuters) - The United States has not received any specific requests from Brazil over the storming of Brazil's top institutions in Brasilia by supporters of former Presiden...
Jan 11, 2023
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