Category Archives:
Bank of England hikes rates by 50 bps as economy slows
LONDON (Reuters) - The Bank of England raised its key interest rate to 2.25% from 1.75% on Thursday and said it would continue to "respond forcefully, as necessary" to inflation, despite the economy e...
Sep 22, 2022
Exclusive-Hedge fund Ancora seeks ouster of Kohl’s CEO, chairman
By Svea Herbst-Bayliss (Reuters) - Ancora Holdings, one of the hedge funds that spearheaded a board shake-up last year at Kohl's Corp, is now pushing for the removal of the U.S. retailer's chief execu...
Sep 22, 2022
Man United reinstates forecast after quarterly loss narrows
(Reuters) - Manchester United reinstated its financial forecast for 2023 on Thursday, expecting to report higher annual core profit despite the Premier League club failing to qualify for this season's...
Sep 22, 2022
Rouble hits 1-month high versus euro as Russian markets recover ground
LONDON (Reuters) - The Russian rouble strengthened to a one-month high against the euro on Thursday and firmed past 60 to the dollar as Russian markets recovered ground lost after the Kremlin ordered ...
Sep 22, 2022
Bank of England raises rates to 2.25%, despite likely recession
LONDON (Reuters) -The Bank of England raised its key interest rate to 2.25% from 1.75% on Thursday and said it would continue to "respond forcefully, as necessary" to inflation, despite the economy en...
Sep 22, 2022
Marketmind: BoJ intervention and rate hikes, say no more
A look at the day ahead in U.S. and global markets from Dhara Ranasinghe. What a 24 hours it's been in financial markets. Let's start with Japan -- just hours after confirming an ultra-loose monetary ...
Sep 22, 2022
Accenture forecasts revenue below estimates on IT spending cut, higher dollar
(Reuters) -IT services firm Accenture Plc forecast first-quarter revenue below expectations on Thursday, weighed down by IT spending cuts amid high inflation and impact from a stronger dollar. Foreign...
Sep 22, 2022
Russia’s Positive Technologies sticks to share placement plan despite market slump
(Reuters) - Russia's Positive Technologies still plans to go ahead with its secondary public offering (SPO), despite a sell-off in Russian share market this week, executives of the cybersecurity firm ...
Sep 22, 2022
WhatsApp Pay India head quits, joins Amazon -source
BENGALURU (Reuters) - The head of WhatsApp's India payment business, Manesh Mahatme, has quit and is joining Amazon India, a source told Reuters on Thursday. Mahatme has joined as director of product ...
Sep 22, 2022
Exclusive-China sends regulators to Hong Kong to assist U.S. audit inspection-sources
By Xie Yu, Julie Zhu and Selena Li HONG KONG (Reuters) - Beijing has sent a team of regulatory officials to Hong Kong to assist the U.S. audit watchdog with onsite audit inspections involving Chinese ...
Sep 22, 2022
Peoria, IL, USA
43 °F Overcast
