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Shoprite’s annual profit rise as inflation-hit South Africans drive demand
JOHANNESBURG (Reuters) - South Africa's biggest grocer Shoprite Holdings reported a 10.3% increase in annual profit on Tuesday as cash-strapped shoppers looked for value at its discount stores. Shopri...
Syndicated Content Sep 06, 2022
Analysis-Big rate hike won’t save euro as energy shock deepens
By Tommy Wilkes and Dhara Ranasinghe LONDON (Reuters) - The hit to the euro zone economy and its currency from a deepening energy crisis is so severe that more aggressive monetary tightening from the ...
Syndicated Content Sep 06, 2022
SK Hynix says to build new chip plant in South Korea
SEOUL (Reuters) - SK Hynix Inc, world's second-largest memory chip maker, said on Tuesday it is building a new chip plant in Cheongju, South Korea. (Reporting by Joyce Lee; Editing by Kim Coghill)
Syndicated Content Sep 06, 2022
India inflation rate likely rose to 6.9% in August – Deutsche Bank
MUMBAI (Reuters) - Deutsche Bank estimates that India's consumer price index (CPI) firmed to 6.9% year-on-year in August, while core inflation likely stood at 6%. The Asian nation will report the data...
Syndicated Content Sep 06, 2022
Nomura raises India’s current account deficit estimate on fears of export slowdown
MUMBAI (Reuters) -Research house Nomura expects India's current account deficit (CAD) as a share of the gross domestic product to triple this fiscal year, saying that a global economic slowdown will f...
Syndicated Content Sep 06, 2022
Lazard hires ex-JPMorgan vice chairman Donahue for private credit
By Lananh Nguyen NEW YORK (Reuters) - Lazard Ltd has hired a former JPMorgan banker, Timothy Donahue, as vice chairman of U.S. investment banking in New York, Lazard said on Tuesday. Donahue, who prev...
Syndicated Content Sep 06, 2022
Cryptoverse: Bitcoin’s no longer the king of the swingers
By Lisa Pauline Mattackal (Reuters) - Bitcoin's been called a lot of things. Buzzy, beguiling, baffling, even bogus. But never boring. Yet, of late, it's been eerily subdued. The king of the swingers ...
Syndicated Content Sep 06, 2022
Inside Tesla’s drive to keep Musk’s battery promise
By Norihiko Shirouzu and Paul Lienert (Reuters) - The secret behind Elon Musk's goal of selling 20 million Tesla's a year by 2030 lies in its pioneering battery technology. The good news is that by us...
Syndicated Content Sep 06, 2022
Marketmind: In Thatcher’s vein, Truss is not for turning
A look at the day ahead in European and global markets from Tom Westbrook Liz Truss will see Queen Elizabeth at Balmoral Castle this morning to form her government. She does so with energy prices soar...
Syndicated Content Sep 06, 2022
Business travel budgets rising as firms use 2019 as spending benchmark -CWT
By Jamie Freed SYDNEY (Reuters) - Business travel budgets are poised to rise in 2023 as companies benchmark against pre-pandemic levels of travel spending despite growing uncertainty over the economic...
Syndicated Content Sep 06, 2022
Peoria, IL, USA
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