China’s ‘common Prosperity’ Drive Slashes Pay And Perks For Investment Bankers
By Selena Li HONG KONG – China’s well-heeled financial dealmakers are getting a crash course in austerity with pay cuts…
July 28, 2022
Analysis: South Korea’s Sudden Property Slump Tests World’s Most Indebted Consumers
By Cynthia Kim SEOUL (Reuters) – South Korea’s property market has abruptly gone from sizzling hot to floundering, piling pressure…
Japan’s Factory Output Zooms As China Eases COVID Curbs
By Daniel Leussink TOKYO (Reuters) – Japan’s factories ramped up output at the fastest pace in more than nine years…
UAW rescinds strike pay increase at annual convention
Members of the United Auto Workers union on Thursday rescinded an increase in strike pay that had been approved earlier…
Singapore Lender UOB Posts 11% Rise In Q2 Net Profit
SINGAPORE (Reuters) – Singapore’s smallest listed lender, United Overseas Bank (UOB), reported a rise of 11% in second-quarter profit, supported…
Cuervo Parent Company Becle Reports 58.6% Rise In Q2 Net Profit
MEXICO CITY (Reuters) -Mexican distiller Becle, better known as the parent company of the popular Jose Cuervo tequila brand, posted…
Amazon posts 2Q loss but revenue tops estimates, stock jumps
NEW YORK (AP) — Amazon on Thursday reported its second-consecutive quarterly loss but its revenue topped Wall Street expectations, sending…
U.S. Congress Passage Of Subsidies Prompts Chip Makers To Move On Projects
By Jane Lanhee Lee (Reuters) – Major semiconductor makers on Thursday hailed passage in the U.S. Congress of a pot…
Apple Results Top Estimates As IPhone Escapes Economic Slump
By Stephen Nellis, Nivedita Balu and Paresh Dave (Reuters) -Apple Inc on Thursday reported profit and sales that beat Wall…
Dollar Tumbles Vs Yen, Tracks Treasury Yields, As U.S. Growth Contracts In 2nd Quarter
By Karen Brettell and Gertrude Chavez-Dreyfuss NEW YORK (Reuters) -The dollar dropped to a six-week low against the yen on…