Category Archives:
Pepco revenue rises as inflation-hit shoppers lean on discount stores
BENGALURU (Reuters) -Poundland and Dealz owner Pepco Group on Thursday posted a 17.1% rise in third-quarter revenue as cash-strapped shoppers fuelled demand at its discount stores. Revenue rose to 1.2...
Jul 14, 2022
Philippines Finance Minister says economy robust enough to absorb aggressive rate hike
MANILA (Reuters) - The Philippine economy continues to be robust to absorb the 75 basis points increase in the central bank's benchmark interest rates, given an expansion in economic activity early th...
Jul 13, 2022
U.S. venture capital dealmaking slows on economic uncertainty
(Reuters) - Venture capital dealmaking in the United States dipped in the first half of 2022, as investors shied away from signing large checks for startups due to uncertain macroeconomic conditions a...
Jul 13, 2022
Back-to-school spending to set record on pricier supplies – report
By Deborah Mary Sophia (Reuters) - Retailers are set for the strongest back-to-school shopping season on record as inflation drives up prices of clothes and supplies and more students return to physic...
Jul 13, 2022
Net zero climate target could fail without more copper supply – report
By Ernest Scheyder (Reuters) - Efforts to reach carbon neutrality by 2050 are likely to remain out of reach as copper supply fails to match demand amid growing use of solar panels, electric vehicles a...
Jul 13, 2022
TikTok maker ByteDance takes aim at lifestyle leader Xiaohongshu with new app
BEIJING (Reuters) - TikTok's Chinese owner ByteDance is looking for its next big hit by wading deeper into the lifestyle sector of social media with Kesong, a shopping and lifestyle recommendations ap...
Jul 13, 2022
China’s fiscal revenue growth quickens as economy recovers
BEIJING (Reuters) -China's fiscal revenue growth accelerated in January-June from the first five months, the finance ministry said on Thursday, as the economy showed signs of a slow recovery in June a...
Jul 13, 2022
Taiwan says Foxconn needs govt approval for any China chip firm investment
TAIPEI (Reuters) - Taiwan's Foxconn, the world's largest contract electronics maker, would need Taiwanese government permission if its unit were to invest in embattled Chinese chip conglomerate Tsingh...
Jul 13, 2022
Defending reserves, Argentina lifts tax on foreign-currency card purchases
Buenos Aires (Reuters) - The Argentine government on Wednesday raised by 10 percentage points the tax it applies to card purchases made abroad in foreign currency, as it sought to defend its already l...
Jul 13, 2022
Dollar resumes relentless rise as inflation stokes Fed bets
By Kevin Buckland TOKYO (Reuters) - The dollar resumed its relentless rise on Thursday, driven by both expectations for faster Federal Reserve policy tightening and safe-haven flows amid growing fears...
Jul 13, 2022
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