Category Archives:
Vietnam raises retail electricity price by 3%
HANOI (Reuters) - Vietnam on Thursday raised its average retail electricity price by 3%, the government said, in a move that could put upward pressure on inflation. Annual inflation in the Southeast A...
May 04, 2023
As sales decline, Adidas faces pressure to find Yeezy fix
By Helen Reid LONDON (Reuters) - Adidas is set to update investors on Friday about the unsold Yeezy shoes that have put the German sportswear giant in a predicament since it cut ties with Kanye West o...
May 04, 2023
Analysis-Fed’s hiking pause may not signal all-clear for US stocks
By Lewis Krauskopf and David Randall NEW YORK (Reuters) - The end of a market-punishing rate hiking cycle may be in sight, but uncertainty over stock valuations and the economic outlook is keeping inv...
May 04, 2023
PacWest Bancorp explores strategic asset sales
(Reuters) - PacWest Bancorp said on Thursday that it is exploring strategic asset sales, including moving the $2.7 billion lender finance loan portfolio to held-for-sale in the first quarter. The bank...
May 03, 2023
Marketmind: Next up ECB: Will it be a hawkish 25 or dovish 50?
A look at the day ahead in European and global markets from Vidya Ranganathan. The spotlight moves swiftly from the Fed's "possible pause or pivot" message overnight to the European Central Bank, wher...
May 03, 2023
HSBC to raise Hong Kong best lending rate to 5.75%
HONG KONG (Reuters) - HSBC will raise its Hong Kong dollar best lending rate from 5.625% to 5.75% with effect from Friday, the bank said in a statement on Thursday, following the territory's central b...
May 03, 2023
Vodafone, CK Hutchison set to unveil 15 billion pounds UK mobile tie-up – FT
(Reuters) - Vodafone and CK Hutchison are close to agreeing a 15 billion pounds (about $19 billion) combination of their UK telecoms businesses that would create the country's biggest mobile operator,...
May 03, 2023
Australia’s exports to China hit record highs as barriers ease
SYDNEY (Reuters) - Australia's exports to China surged to record highs in March as the Asian giant sucked in more iron for its steel industry and lowered barriers to thermal coal shipments amid thawin...
May 03, 2023
Australia’s NAB warns of end to windfall from rising rates
By Byron Kaye and Himanshi Akhand (Reuters) - National Australia Bank Ltd, the country's No. 2 lender, fell short of analyst forecasts in half-year profit released on Thursday and took a hit to its sh...
May 03, 2023
LATAM Airlines reverses loss, posts $122 million net profit in Q1
(Reuters) - LATAM Airlines reported a first-quarter net profit of $121.8 million, the company said on Wednesday, reversing a net loss of $380 million in the year-ago period. The airline, created by th...
May 03, 2023
Peoria, IL, USA
74 °F Sunny
