Category Archives:
Chinese banks’ bad-loan ratio at 1.89% as of end-Nov, says regulator
BEIJING (Reuters) - China banking institutions saw their combined bad-loan ratio stand at 1.89% at end of November, the sector's regulator said in Beijing on Thursday. The outstanding property loans b...
Jan 06, 2022
Yen at its weakest in 50 years in real terms – J.P. Morgan
By Kevin Buckland TOKYO (Reuters) - The yen's real effective rate has tumbled to its lowest level in 50 years and the currency is set to fall even further, slashing Japanese consumers' spending power ...
Jan 06, 2022
Marketmind: When the hawks sing
A look at the day ahead from Saikat Chatterjee. All it took was the minutes of a three-week old U.S. Federal Reserve policy meeting to change the mood music in global markets. The Fed's December meeti...
Jan 06, 2022
Britain’s Next raises profit guidance for fifth time in 10 months
LONDON (Reuters) -British clothing retailer Next on Thursday beat guidance for sales in the run-up to Christmas and raised its full-year profit outlook for a fifth time in ten months. Next, which trad...
Jan 06, 2022
UK’s Greggs appoints new CEO, sees full-year ahead of expectations
LONDON (Reuters) - British food-to-go retailer Greggs said its retail and property director Roisin Currie would succeed Roger Whiteside as chief executive in May, as it reported a 0.8% rise in like-fo...
Jan 06, 2022
Cathay Pacific to further reduce passenger flights amid COVID restrictions
HONG KONG (Reuters) - Hong Kong's flagship carrier Cathay Pacific Airways said on Thursday it will further reduce passenger flights until the end of March, as the city tightens coronavirus restriction...
Jan 06, 2022
German industrial orders bounce back on strong foreign demand
BERLIN (Reuters) - Higher demand from abroad drove a bigger-than-expected rebound in German industrial orders in November, data showed on Thursday, in rare good news for manufacturers suffering from s...
Jan 06, 2022
Asahi’s flagship Super Dry beer to undergo biggest makeover in 35 years
TOKYO (Reuters) - Japan's Asahi Group Holdings said on Thursday it was making the first "full renewal" of its flagship Super Dry beer brand since its debut in 1987, modifying the taste and look of the...
Jan 06, 2022
Chinese developer R&F says short of funds to settle bond tender offer
HONG KONG (Reuters) - Chinese developer Guangzhou R&F Properties said it did not have sufficient funds to buy back a $725 million bond as sales of its assets had not come through as planned. It said i...
Jan 06, 2022
Catering group Sodexo beats first-quarter revenue forecast as schools reopen
(Reuters) - French catering and food services group Sodexo reported on Thursday a 17.5% jump in its first-quarter organic sales, helped by the reopening of schools and universities as countries gradua...
Jan 06, 2022
Peoria, IL, USA
67 °F Sunny
