Category Archives:
Cathay Pacific to lift staff pay by 3.3%, offer bonus – CEO memo
(Reuters) - Cathay Pacific Airways Ltd will increase base pay by an average of 3.3% in 2023 and offer bonuses worth the equivalent of one month's salary to Hong Kong-based staff meeting performance ta...
Nov 21, 2022
European stocks slip on worries about China’s COVID curbs
(Reuters) - European shares slipped on Monday, with economically sensitive sectors like miners and industrials leading the losses on worries about the impact of surging COVID-19 cases in China. The pa...
Nov 21, 2022
StanChart sees Asia, Middle East as bright spots in weak global economy
By Anshuman Daga SINGAPORE (Reuters) - Standard Chartered expects Asia and the Middle East to outperform other regions even as spiralling inflation and a spike in borrowing costs risk tipping major gl...
Nov 21, 2022
BOJ deputy governor candidate calls for more flexible rate policy
By Leika Kihara TOKYO (Reuters) - The Bank of Japan must thoroughly examine its stimulus programme and adjust interest rates more flexibly in response to cyclical economic swings, said Sayuri Shirai, ...
Nov 21, 2022
Nestle’s Nespresso to sell paper-based compostable coffee pods
ZURICH (Reuters) - Nestle's Nespresso coffee business is launching paper-based compostable capsules to attract customers put off by the Swiss packaged food giant's metal ones, which despite being recy...
Nov 21, 2022
Philips recalls some previously replaced ventilators -FDA statement
AMSTERDAM (Reuters) - Philips, which has been struggling with a major recall of ventilators, is recalling some machines it has previously replaced, according to an FDA statement. A Philips spokesperso...
Nov 21, 2022
China tells banks to step up credit support for economy
BEIJING (Reuters) - China's banks should step up credit support for the economy, including expanding medium to long-term loans to support investment, the central bank and the banking and insurance reg...
Nov 21, 2022
German producer prices unexpectedly fall in October
BERLIN (Reuters) -German producer prices fell unexpectedly on the month in October, due primarily to a dip in prices for electricity and distributed natural gas, according to data released on Monday. ...
Nov 21, 2022
Swiss bank Julius Baer on track to meet targets despite market slump
ZURICH (Reuters) - Julius Baer on Monday said it was on track to reach its 2022 profitability targets, despite "challenging market" conditions taking a big bite out of its assets under management. Ass...
Nov 21, 2022
Colorado Springs police probe motive in LGBTQ nightclub shooting
By Kevin Mohatt COLORADO SPRINGS, Colo. (Reuters) - Police in Colorado Springs on Monday were expected to release more details about the weekend shooting at an LGBTQ nightclub that killed five people ...
Nov 21, 2022
Peoria, IL, USA
40 °F Sunny
