Category Archives:
Fed to unveil another big rate hike as signs of economic slowdown grow
By Howard Schneider WASHINGTON (Reuters) - With the Federal Reserve expected to hike its key interest rate by three-quarters of a percentage point on Wednesday to battle high inflation, focus will shi...
Jul 27, 2022
Analysis-Investors gauge U.S. stocks rebound: ‘suckers’ rally’ or market bottom?
By David Randall NEW YORK (Reuters) - As investors await another jumbo-sized rate increase from the Federal Reserve, they are taking the temperature of a weeks-long U.S. stock market rally that follow...
Jul 27, 2022
Credit Suisse names Koerner as CEO, sets strategic review
ZURICH (Reuters) - Credit Suisse named asset management expert Ulrich Koerner as its new chief executive on Wednesday, the latest sign of churn at the Swiss bank that announced a strategic review as i...
Jul 27, 2022
Sci-fi villain ‘Predator’ returns in action-thriller prequel ‘Prey’
By Hanna Rantala LONDON (Reuters) - Thirty-five years after the extraterrestrial monster movie "Predator" made its first outing, the creature is back in action in the upcoming film "Prey". Directed by...
Jul 26, 2022
Credit Suisse swaps out CEO, launches strategy review amid big Q2 loss
ZURICH (Reuters) -Credit Suisse named asset management expert Ulrich Koerner as its new chief executive, the latest sign of churn at the Swiss bank that on Wednesday announced a sweeping strategic rev...
Jul 26, 2022
LG Display swings to a loss as inflation puts brakes on pandemic-led demand
SEOUL (Reuters) - South Korea's LG Display Co Ltd swung on Wednesday to a loss in the second quarter from a profit a year earlier, as inflation and rate hikes hurt demand for panels used in TVs and IT...
Jul 26, 2022
Thai exports beat forecast in June on high global demand, weak baht
BANGKOK (Reuters) - Thailand's customs-based exports rose by a more than expected 11.9% in June from a year earlier, helped by increased global demand as well as a weak baht, the commerce minister sai...
Jul 26, 2022
Bangladesh seeking IMF loan, finance minister confirms -paper
DHAKA (Reuters) - Bangladesh has asked the International Monetary Fund to start negotiations for a loan, the finance minister told the Prothom Alo newspaper, while adding that the macroeconomic situat...
Jul 26, 2022
Thai factory output unexpectedly dips 0.08% y/y
BANGKOK (Reuters) - Thailand's manufacturing production index (MPI) in June dropped 0.08% from a year earlier, dragged down by lower production of hard disk drives, plastic pellets and steel, the indu...
Jul 26, 2022
El Salvador to buy back some debt in surprise move
By Nelson Renteria SAN SALVADOR (Reuters) - El Salvador's president announced on Tuesday a plan for a voluntary repurchase offer to holders of bonds maturing between 2023 and 2025. The operation would...
Jul 26, 2022
Peoria, IL, USA
61 °F Partly cloudy
