Category Archives:
What recession? Global consumer giants boosted by spending, higher prices
By Doyinsola Oladipo NEW YORK (Reuters) - Major global consumer-facing companies like McDonald's, General Motors and Nestle posted mostly buoyant results on higher prices, showing how consumers across...
Apr 25, 2023
China says it will expand import and export of key products
BEIJING (Reuters) - China will expand imports and exports of key products, and support exports of automobiles, the State Council said on Tuesday. Chinese banks and their overseas branches were encoura...
Apr 25, 2023
US default on debt would trigger an ‘economic catastrophe’ – Yellen
By Andrea Shalal WASHINGTON (Reuters) - U.S. Treasury Secretary Janet Yellen on Tuesday warned that failure by Congress to raise the government's debt ceiling - and the resulting default - would trigg...
Apr 25, 2023
First Republic, KPMG are sued for concealing bank’s risks
By Jonathan Stempel (Reuters) - First Republic Bank has been sued by shareholders who accused the beleaguered U.S. regional bank of concealing how rising interest rates threatened its business model b...
Apr 25, 2023
Official promo video for Italy tourism features Slovenia
ROME (Reuters) - Italy's tourism ministry has faced ridicule after an official video to attract tourists to Italy used footage of people in Slovenia drinking Slovenian wine. The video, part of a 9-mil...
Apr 25, 2023
Mattel introduces Barbie doll with Down’s syndrome
LONDON (Reuters) - Toy maker Mattel has introduced its first Barbie with Down's syndrome in a bid to make its famous doll range more inclusive. In a statement on Tuesday, Mattel said it had worked wit...
Apr 25, 2023
PACCAR overtakes analyst estimates on trucks, aftermarket parts demand
(Reuters) - Truckmaker PACCAR Inc on Tuesday beat first-quarter profit and revenue estimates as demand for its truck models and aftermarket parts remained strong, boosted by customers looking to repla...
Apr 25, 2023
UK financial sector will be largely cut off from EU for years, EU lawmakers told
By Huw Jones LONDON (Reuters) - The long-delayed forum for European Union and British financial regulators won't reopen the door for London's financial centre to the bloc, EU lawmakers were told on Tu...
Apr 25, 2023
Crypto group DCG says bankrupt unit Genesis’ creditors renege on deal
(Reuters) - Digital Currency Group (DCG) said on Tuesday some creditors of its bankrupt unit Genesis Capital have decided to walk away from a prior restructuring agreement for the cryptocurrency lende...
Apr 25, 2023
Apple supplier Corning rides on price hikes to beat profit estimates
(Reuters) - Specialty glass maker Corning Inc beat profit estimates for the first quarter on Tuesday as price hikes more than made up for higher raw material costs and a demand slowdown. Shares of the...
Apr 25, 2023
Peoria, IL, USA
53 °F Sunny
