Category Archives:
Futures ebb as Powell’s speech nears
(Reuters) - U.S. stock index futures slipped on Friday as investors worried about hawkish signals from Federal Reserve Chair Jerome Powell at the annual Jackson Hole symposium amid fears of slowing ec...
Aug 26, 2022
BNPL lender Affirm’s shares tumble after gloomy full-year revenue forecast
(Reuters) - Shares of Affirm Holdings Inc tumble 13% in premarket trading on Friday after the buy-now-pay-later lender's full-year revenue forecast missed Wall Street estimates, underscoring the broad...
Aug 26, 2022
From fashion to films – ex-Zara boss Isla starts production company
MADRID (Reuters) - Former chief executive of textile giant Inditex, Pablo Isla, has started his own film production company, saying in a statement on Friday that he hoped to use his "deep passion for ...
Aug 26, 2022
Macau’s Q2 GDP shrinks 39.3% y/y amid COVID-19 pandemic
HONG KONG (Reuters) - Macau's economy contracted by 39.3% in the second quarter from the same period a year earlier, statistics data showed on Friday. Tourist arrivals fell 27.5% on year in the quarte...
Aug 26, 2022
White House marks Women’s Equality Day with abortion rights push
By Nandita Bose and Ahmed Aboulenein WASHINGTON (Reuters) - The White House will mark Women's Equality Day on Friday by meeting state and local leaders to discuss ways to safeguard access to abortions...
Aug 26, 2022
Hungary cenbank seen hiking 100 bps to 11.75% next week as inflation surges
By Krisztina Than BUDAPEST (Reuters) - Hungary's central bank is expected to raise its base interest rate by 100 basis points to 11.75% next Tuesday, with more hikes to come this year as inflation kee...
Aug 26, 2022
Global equity funds see large outflows on slowdown worries
(Reuters) - Global equity funds witnessed their biggest weekly capital withdrawals in five weeks in the week to Aug. 24 on concerns that rate hikes would lead to a recession. Investors were also wary ...
Aug 26, 2022
Chinese chip foundry SMIC to invest $7.5 billion in Tianjin
SHANGHAI (Reuters) - Chinese chip foundry Semiconductor Manufacturing International Corp (SMIC) on Friday said it signed a framework agreement for a 12-inch foundry production line in Tianjin with reg...
Aug 26, 2022
U.S. Justice Dept. poised to release redacted affidavit on Trump search
By Sarah N. Lynch WASHINGTON (Reuters) - The U.S. Justice Department is expected to make public on Friday a redacted version of the affidavit that led to the Aug. 8 FBI search of former president Dona...
Aug 26, 2022
Philippines probes telecoms firms over anti-competition complaint
MANILA (Reuters) - The Philippines' antitrust agency said on Friday it will investigate allegations that its major telecoms firms abused their dominant market positions to make it difficult for a Chin...
Aug 26, 2022
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