BEIJING (AP) — Liu Qian, job-hunting with a new master’s degree, said two employers interviewed her and then said the positions had been eliminated. Others asked her to take lower pay. She is one of 11 million new graduates desperate for work in a bleak job market as anti-virus controls force factories, restaurants and other…
By Stephanie Kelly (Reuters) – Oil prices edged lower on Wednesday, after industry data showed U.S. crude inventories unexpectedly rose last week, signaling a potential hiccup in demand. U.S. crude stocks rose by about 2.2 million barrels for the week ended Aug. 5, according to market sources citing American Petroleum Institute figures. Analysts had forecast…
(Reuters) -Australia’s Graincorp on Wednesday raised its annual profit forecast for the second time, as the agribusiness firm continues to capitalise on a supply crunch from the war in Ukraine, aided by expectations of above-average East Coast Australian (ECA) crop. Soaring prices and demand for grains amid ongoing geopolitical tensions had driven a five-fold jump…
By Mehnaz Yasmin (Reuters) -Coinbase Global Inc reported a larger-than-expected quarterly loss as investors worried by this year’s rout in risky assets shied away from trading in cryptocurrencies, sending its shares down 6% after the bell on Tuesday. Trading volumes at the cryptocurrency exchange more than halved to $217 billion in the second quarter, with…
(Reuters) -Commonwealth Bank of Australia posted its highest annual cash earnings in four years on Wednesday, as it rode a first-half surge in home lending amid record low interest rates and booked a loan impairment benefit as COVID-19 risks eased. The results wrapped up a solid fiscal year in which CBA beat out rivals to…
By Katanga Johnson WASHINGTON (Reuters) -The U.S. Securities and Exchange Commission (SEC) will propose a new rule on Wednesday aimed at boosting hedge and private fund leverage disclosures, among other details, according to a source familiar with the agency’s thinking. The proposal by the Wall Street regulator would require funds to provide more information on…
(Reuters) – Deutsche Bank has hired former Goldman Sachs executive Rod Colburn to their Wealth Management Americas business, according to an internal memo seen by Reuters on Tuesday. Colburn joins the European bank as managing director and senior relationship manager after 14 years at Goldman Sachs. He will focus on lending solutions for ultra-high net…
WASHINGTON (AP) — Falling prices for gas, airline tickets and clothes gave Americans a little bit of relief last month, though overall inflation is still running at close to its highest level in four decades. Consumer prices jumped 8.5% in July compared with a year earlier, the government said Wednesday, down from a 9.1% year-over-year…
(Reuters) – Twitter Inc was down for thousands of users on Tuesday, according to outage tracking website Downdetector.com. Downdetector, which tracks outages by collating status reports from a number of sources, showed more than 32,000 outage reports. “We’re looking into this now, will get back to you ASAP,” Twitter told Reuters in an emailed statement….
(Reuters) – U.S. power consumption will rise to a record high in 2022 as the economy grows, the U.S. Energy Information Administration (EIA) said in its Short-Term Energy Outlook (STEO) on Tuesday. EIA projected power demand will climb to 4,027 billion kilowatt-hours (kWh) in 2022, from 3,930 billion kWh in 2021, before sliding to 4,018…
