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Marketmind: Stocks rise, dollar slips as all eyes on US inflation
A look at the day ahead in European and global markets from Ankur Banerjee While market participants are almost certain that the Federal Reserve will hike in July, the always important U.S. inflation ...
Jul 11, 2023
Back-to-school spending set for first decline in nine years as inflation bites – report
By Deborah Mary Sophia (Reuters) - Back-to-school spending is expected to fall for the first time in nine years as shoppers across all income levels pull back on non-essential purchases and prioritize...
Jul 11, 2023
Racism underlies disparities in maternal mortality in Americas -UN report
By Nancy Lapid (Reuters) - High rates of pregnancy-related deaths among women of African descent in North and South America are likely due largely to racism in the form of verbal and physical abuse fr...
Jul 11, 2023
RBA’s Lowe says it remains to be seen if more tightening needed
SYDNEY (Reuters) - Australia's central bank Governor Philip Lowe said on Wednesday it remains to be determined whether there is more work to be done on monetary policy but it is possible that further ...
Jul 11, 2023
NZ central bank hits pause at 5.5%, economists see easing in 2024
By Lucy Craymer WELLINGTON (Reuters) - New Zealand's central bank held the cash rate steady at 5.5% on Wednesday, hitting pause as expected and flagging rates would be on hold for some time, with most...
Jul 11, 2023
Trial starts for Korean chip exec accused of stealing Samsung secrets for China factory
By Heekyong Yang and Ju-min Park SUWON, South Korea (Reuters) - The trial of a South Korean chip executive accused of stealing sensitive information developed by Samsung Electronics began on Wednesday...
Jul 11, 2023
Uniqlo parent’s profit seen soaring to a Q3 record on China recovery
By Rocky Swift TOKYO (Reuters) - The Japanese operator of apparel retailer Uniqlo is expected by analysts to post a 25% jump in profit to a third-quarter record on Thursday, when the focus will be on ...
Jul 11, 2023
Global accounting firms set up shop in India’s smaller cities
By Manoj Kumar and Jatindra Dash and Sumit Khanna BHUBANESWAR, India (Reuters) - The world's major accounting firms are stepping up investments in new Indian facilities away from bigger cities as glob...
Jul 11, 2023
India’s Wipro commits $1 billion investment into AI
BENGALURU (Reuters) - Indian IT services provider Wipro Ltd said on Wednesday it planned to invest $1 billion into artificial intelligence (AI) over the next three years. The investments will focus on...
Jul 11, 2023
Japan’s Sumitomo Mitsui launches US digital bank
TOKYO (Reuters) - Sumitomo Mitsui Financial Group has launched a digital banking service in the United States, as Japan's number two lender aims to tap growth in the U.S. consumer banking market, a ba...
Jul 11, 2023
Peoria, IL, USA
43 °F Overcast
