Category Archives:
Amazon slumps as tech selloff worsens
(Reuters) - Amazon.com Inc's shares tumbled about 13% in premarket trading, with the online retailer coming close to losing its spot in the trillion-dollar company club, after forecasting holiday-quar...
Oct 28, 2022
Bank of England poised to raise rates by most in 33 years
By William Schomberg LONDON (Reuters) - The Bank of England looks set to raise borrowing costs by the most since 1989 next week even as it prepares for a recession that could be deepened by spending c...
Oct 28, 2022
Italian court suspends decision on Amazon’s record fine appeal
ROME (Reuters) - An Italian court has suspended a decision on a request by e-commerce giant Amazon to annul a record 1.13 billion euro ($1.12 billion) fine imposed by Italy's antitrust watchdog for al...
Oct 28, 2022
Glencore set for record 2022 trading profit despite second-half fall
LONDON (Reuters) - Glencore expects second-half operating profit at its trading arm to fall sharply from the previous six months to $1.6 billion, it said on Friday, but it remains on track for a recor...
Oct 28, 2022
Japan unveils $200 billion in new spending to ease inflation pain
By Leika Kihara and Daniel Leussink TOKYO (Reuters) -Japan said on Friday it would spend $200 billion on an economic stimulus package meant to tame inflation and cushion the economic blow from rising ...
Oct 28, 2022
Russian central bank holds key rate at 7.5%, noting high inflation expectations
By Alexander Marrow MOSCOW (Reuters) -Russia's central bank held its key interest rate at 7.5% on Friday, ending a months-long rate-cutting cycle as it noted a pickup in inflation expectations and war...
Oct 28, 2022
BYD posts 350% jump in Q3 net profit on sales surge
SHANGHAI (Reuters) -China's biggest electric vehicle (EV) maker BYD said its third-quarter net profit jumped 350% from a year ago, helped by a wider range of product offerings and strong sales that sa...
Oct 28, 2022
Elliott raises Swedish Match stake again as Philip Morris deadline looms
By Marie Mannes (Reuters) -Activist investor Elliott Management Corp has raised its stake in Swedish Match to over 10%, it said in a filing on Friday, increasing its clout over Philip Morris Internati...
Oct 28, 2022
Shell’s outgoing CEO to get full-year salary as compensation for loss of office
(Reuters) - Shell's outgoing Chief Executive Ben van Beurden will get one-year base salary of 1.42 million pounds ($1.64 million) as compensation after leaving the position at the end of the year, the...
Oct 28, 2022
Parisian catwalk wants to show beauty has no age
By Sarah Meyssonnier PARIS (Reuters) - Hand in hand, wearing white edgy outfits, elderly models and fashion students walked an unusual fashion show on Thursday evening in Paris, to promote a more incl...
Oct 28, 2022
Peoria, IL, USA
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