Category Archives:
China’s services activity skids in October on COVID restrictions – Caixin PMI
BEIJING (Reuters) - China's services activity contracted again in October as COVID-19 containment measures hit businesses and consumption, overshadowing the economic rebound in the last quarter, a pri...
Nov 02, 2022
Carl Icahn owns over 8% stake in beverage-can maker Crown Holdings -WSJ
(Reuters) - Carl Icahn has a more than 8% stake in Crown Holdings Inc, the Wall Street Journal reported on Wednesday, adding that the activist investor believes the beverage-can maker should shed non-...
Nov 02, 2022
Advertisers begin to grill Elon Musk over Twitter ‘free-for-all’
By Sheila Dang (Reuters) - Elon Musk promised advertisers he would keep Twitter from turning into a "free-for-all hellscape." This week, advertisers are beginning to demand details on how he plans to ...
Nov 02, 2022
Strong exports likely boosted Indonesia’s economy in Q3 – Reuters poll
By Devayani Sathyan BENGALURU (Reuters) - Indonesia's economy grew at its fastest pace in over a year last quarter, buoyed by strong exports and consumption, but a slowdown in China and a widely expec...
Nov 02, 2022
Dollar gains as traders gird for higher U.S. rates
By Tom Westbrook SINGAPORE (Reuters) - The dollar was on the front foot on Thursday after Federal Reserve Chair Jerome Powell signalled U.S. rates would likely rise further than expected, disappointin...
Nov 02, 2022
Philippine central bank to match Fed’s 75 bps rate hike on Nov. 17
(Reuters) - The Philippine central bank signalled on Thursday it planned a 75 basis point hike in its key interest rates at its policy meeting later this month to match the latest monetary tightening ...
Nov 02, 2022
Elon Musk plans to cut half of Twitter employees’ jobs – Bloomberg News reporter tweet
(Reuters) - Elon Musk plans to cut about 3,700 jobs at Twitter Inc or half of the company's workforce, Bloomberg News' reporter tweeted on Wednesday. (Reporting by Sneha Bhowmik in Bengaluru; Editing ...
Nov 02, 2022
Asia shares slip, Fed flags higher rates for longer
By Wayne Cole SYDNEY (Reuters) - Asian share markets slid on Thursday after the U.S. Federal Reserve laid the groundwork for a protracted tightening campaign that torpedoed market hopes for a pause, s...
Nov 02, 2022
Hong Kong central bank raises interest rate after Fed move
HONG KONG (Reuters) - The Hong Kong Monetary Authority (HKMA) on Thursday raised its base rate charged through the overnight discount window by 75 basis points to 4.25%, hours after the U.S. Federal R...
Nov 02, 2022
Bank of England readies for biggest rate rise since 1989
By David Milliken LONDON (Reuters) - The Bank of England looks on track to raise interest rates by three quarters of a percentage point to 3% later on Thursday, its biggest rate rise since 1989 as it ...
Nov 02, 2022
Peoria, IL, USA
54 °F Overcast
