Today: May 03, 2024
Today: May 03, 2024

Economy

Loblaw reports strong first quarter on resilient demand, easing food prices

(Reuters) - Canadian food and pharmacy retailer Loblaw Companies topped expectations for first-quarter revenue and profit on Wednesday, aided by sustained consumer demand well as easing prices of

Binance crypto founder Zhao sentenced to four months in prison

By Deborah Bloom and Jonathan Stempel SEATTLE (Reuters) -Changpeng Zhao, the former chief executive of Binance, was sentenced on Tuesday to four months in prison after pleading guilty to violating U.S

DuPont sees China demand returning, raises full-year forecasts

By Seher Dareen (Reuters) -Industrial materials maker DuPont de Nemours said it sees demand returning in China and raised its full-year forecasts on Wednesday, sending shares of the company up 6% in

New York City pension leader opposes election of Aramco's chief as BlackRock director

By Davide Barbuscia and Ross Kerber NEW YORK/BOSTON (Reuters) -A pension fund for New York City employees urged BlackRock's shareholders to vote against the election of Saudi Aramco's chief executive

Tens of thousands of Colombians march in support of Petro's reforms

BOGOTA (Reuters) - Tens of thousands of people marched in Colombia's biggest cities on Wednesday to support reforms proposed by President Gustavo Petro which he says will tackle inequality, but which

FTC to bar Pioneer ex-CEO from Exxon board as condition to deal -WSJ

HOUSTON (Reuters) -Exxon Mobil Corp is set to close its $60 billion acquisition of Pioneer Natural Resources after an agreement with antitrust enforcers that will keep former Pioneer CEO Scott

Venezuelan public employees to receive $130 per month in bonuses

By Deisy Buitrago CARACAS (Reuters) -Public employees in Venezuela will receive $130 per month in bonuses, President Nicolas Maduro said on Wednesday, amid demands by workers for salary increases and

S.Korea factory activity shrinks in April, but optimism about outlook ticks up

By Jihoon Lee SEOUL (Reuters) - South Korea's factory activity contracted again in April, but manufacturers' optimism climbed to the highest level in nearly two years as output and orders managed to

Germany hit hard as foreign investment falls in Europe, EY survey shows

By Mark John LONDON (Reuters) - Foreign direct investment (FDI) into Europe fell 4% last year, with Germany seeing a sharp 12% drop in projects amid concern over its economic slowdown and energy

Hong Kong Q1 GDP expands 2.7% on year, tight financial conditions seen

HONG KONG (Reuters) - Hong Kong's economic grew 2.7% in the first quarter on the year, official advance estimates showed on Thursday, driven by an increase in visitor arrivals and private consumption.

Japan's May 1 intervention may have cost $23.6 billion, BOJ data shows

By Kevin Buckland TOKYO (Reuters) -Japanese officials may have spent some 3.66 trillion yen ($23.59 billion) on Wednesday in the latest attempt to pull the yen back from near 34-year lows, Bank of

Morning Bid: Fed QT taper calms the horses, yen pops again

A look at the day ahead in U.S. and global markets from Mike Dolan Anxious bond traders seem to have taken solace from the Federal Reserve's surprisingly sharp brake on its "quantitative tightening"

OECD upgrades global growth outlook as U.S. outperforms

By Leigh Thomas PARIS (Reuters) - The global economy is growing faster than expected only a few months ago thanks to resilient U.S. activity while inflation is converging more quickly than expected

Explainer-What are Japan's tactics based on latest suspected yen intervention?

By Tetsushi Kajimoto and Leika Kihara TOKYO (Reuters) - The yen surged against the dollar on what traders suspect was another round of intervention by Japanese authorities to stem the currency's sharp

Latin America's seven largest economies to grow 1.4% this year, OECD forecasts

By Marion Giraldo MEXICO CITY (Reuters) - Latin America's highest-income countries, with the exception of Argentina, will grow moderately this year and next because external demand will remain weak,

Thailand to increase daily minimum wage to 400 baht in Oct

BANGKOK (Reuters) - Thailand's government plans to increase the daily minimum wage to 400 baht ($10.84) from October, a spokesperson said on Thursday, a policy that could help lift consumption in

Ex-BOJ official predicts Japan will keep intervening to prevent yen free-fall

By Leika Kihara TOKYO (Reuters) - Japan will likely keep intervening to prop up the yen until the risk of speculators triggering a free fall in the currency has been eliminated, said a former central

StanChart profit beats forecasts as fee income boost offsets credit losses

By Lawrence White and Selena Li LONDON/HONG KONG (Reuters) -Standard Chartered PLC beat forecasts on Thursday with a 5.5% rise in first-quarter pretax profit, as a surge in income from its trading and

Bearish bets on most Asian FX climb to multi-month highs: Reuters poll

By Himanshi Akhand (Reuters) - Short bets on most Asian currencies firmed to touch multi-month highs as growing expectations of U.S. interest rates staying higher for longer dampened appetite for

BOJ saw need to let markets drive yields upon March exit, minutes show

By Leika Kihara TOKYO (Reuters) -Many Bank of Japan board members agreed the country's long-term interest rates should be set by markets, with some saying the central bank should at some point slow

Analysis-Powell's soothing tone may not be enough for inflation-spooked markets

By David Randall and Davide Barbuscia NEW YORK (Reuters) - Federal Reserve Chairman Jerome Powell's reassuring message following the central bank’s monetary policy meeting may not calm frazzled U.S.

South Korea unveils guidelines for 'Corporate Value-up Programme'

SEOUL (Reuters) - South Korea's financial regulator on Thursday proposed detailed guidelines for companies if they choose to participate in the government's reform programme aimed at enhancing

Indonesia's inflation rate eases slightly in April

By Stefanno Sulaiman and Gayatri Suroyo JAKARTA (Reuters) - Indonesia's annual inflation rate cooled slightly in April as pressure from some food prices eased as the harvest season began, the

US trade deficit narrows slightly in March

WASHINGTON (Reuters) - The U.S. trade deficit narrowed slightly in March as a decline in imports was tempered somewhat by a plunge in exports.

Zimmer Biomet beats Q1 profit estimates on robust demand for knee, hip devices

(Reuters) - Medtech firm Zimmer Biomet Holdings beat Wall Street estimates for first-quarter profit on Thursday, on the back of robust demand for its devices that are used in knee and hip

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