US not yet in recession and 4 other takeaways from the Fed
WASHINGTON (AP) — Jerome Powell delivered a tough message at the start of a news conference Wednesday: Inflation is way…
2022
China’s Central Bank Targets $148 Billion In Financing For Cash-strapped Developers – FT
(Reuters) -China will help property developers by issuing 1 trillion yuan ($148.2 billion) in loans for stalled developments, the Financial…
Indonesia Says Krakatau Steel, S.Korea’s POSCO Plan $3.5 Billion Investment
JAKARTA (Reuters) – Indonesia’s Krakatau Steel and South Korea’s POSCO Holdings have signed an agreement to invest $3.5 billion starting…
Australian Bank Macquarie’s Q1 Profit Climbs In A Softening Market
By Byron Kaye and Indranil Sarkar (Reuters) – Australian investment bank Macquarie Group flagged a higher quarterly profit on Thursday…
Netflix Experiences Streaming Issues On All Devices
(Reuters) – Netflix Inc said on Wednesday it is currently experiencing issues with streaming on all devices. There were around…
Asia Shares, Bonds Find Some Relief In Fed Messaging
By Wayne Cole SYDNEY (Reuters) – Asian shares made cautious gains on Thursday as investors scented a possible slowdown in…
El Salvador Says It Has $560 Million For Partial Debt Buyback
By Nelson Renteria SAN SALVADOR (Reuters) – El Salvador will dedicate $560 million in funds to a surprise bond buyback…
Qualcomm Warns Of Sales Hit From Cooling Smartphone Demand
By Chavi Mehta and Jane Lanhee Lee (Reuters) -Qualcomm Inc forecast fourth-quarter revenue below Wall Street targets on Wednesday, bracing…
Ford 2Q profit up 19%, sees stronger year despite inflation
DETROIT (AP) — Ford Motor Co.’s net income rose 19% in the second quarter as the company pulled together enough…
Airbus reports lower Q2 profit, trims 2020 production target
Airbus said its net income plunged in the second quarter and warned that supply-chain challenges were leading it to scale…