Category Archives:
Davos 2023: Outlook brighter than feared, fraught with risks
By Mark John and Brenda Goh DAVOS, Switzerland (Reuters) - The year ahead looks better than feared for the global economy but remains fraught with risks including escalation of the conflict in Ukraine...
Jan 20, 2023
U.S. consumer staples stocks limp after solid performance in 2022
By Medha Singh (Reuters) - Shares of U.S. grocers, packaged food companies and supermarkets were lagging in the first three weeks of 2023, in a sharp contrast to last year, as their high valuations an...
Jan 20, 2023
Canadian insurer Sun Life inks $193 million deal with HK’s Dah Sing
(Reuters) - A unit of Canadian insurer Sun Life Financial Inc has partnered with Hong Kong-based Dah Sing Bank in a deal valued at nearly C$260 million ($193 million), the companies said on Friday. Un...
Jan 20, 2023
BoC to raise rates by 25 bps to peak of 4.50% on Jan. 25: Reuters poll
By Swathi Nair BENGALURU (Reuters) - The Bank of Canada will hike its key interest rate by a modest quarter point to 4.50% on Jan. 25 and then hit pause on an aggressive tightening campaign, according...
Jan 20, 2023
Netflix’s ability to churn out hits gives it an edge over rivals -analysts
(Reuters) - Netflix Inc's steady stream of hit shows is helping it stand out in a crowded market while paving the way for double-digit revenue growth later this year, analysts said, after the firm top...
Jan 20, 2023
Little room for gloom at Dublin’s Davos for aircraft financiers
By Padraic Halpin and Conor Humphries DUBLIN (Reuters) - While the prospect of global recession casts a long shadow over the snowy peaks of Davos this week, the mood was mostly sunnier at another gath...
Jan 20, 2023
Wayfair to lay off 10% of workforce
(Reuters) - Online furniture retailer Wayfair Inc said on Friday it will cut 1,750 jobs, or 10% of its workforce, as part of its cost savings plan at a time when consumers are selective with their dis...
Jan 20, 2023
China’s copper costs driven up by Maike’s woes, output glitches
By Siyi Liu and Dominique Patton FOSHAN, China (Reuters) - China's copper buyers face higher costs for the metal this year, buyers and analysts said, after market disruptions from top importer Maike G...
Jan 20, 2023
Italy plans Treasury shake-up with new department for state-owned firms – sources
By Giuseppe Fonte ROME (Reuters) - Italian Economy Minister Giancarlo Giorgetti plans to reorganise the ministry, creating a new unit at the Treasury department to manage state-owned firms and banking...
Jan 20, 2023
IKEA sees higher demand in Europe driven by home furnishings – CEO
By Divya Chowdhury and Savio Shetty DAVOS, Switzerland (Reuters) - Ingka Group, the owner of most IKEA stores, sees demand in Europe to continue rising in the current fiscal year, driven by strong dem...
Jan 20, 2023
Peoria, IL, USA
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