By David Brunnstrom WASHINGTON (Reuters) – At a summit with South Korean leader Yoon Suk Yeol on Wednesday, U.S. President Joe Biden will seek to reassure South Koreans that the U.S. nuclear umbrella is sufficient protection from North Korean attack. But with North Korean missiles now a direct threat to the United States, an old…
LONDON (Reuters) – British retail sales inched higher in April, although most shop chains do not foresee a lasting improvement, an industry survey showed on Wednesday. The Confederation of British Industry’s monthly retail sales balance rose to +5 in April from +1 in March, its highest level this year. Expectations for May were slightly negative,…
(Reuters) -Hilton Worldwide Holdings Inc raised its full-year adjusted profit forecast on Wednesday as the U.S. hotel operator bets on pent-up travel demand to offset any inflation-driven spending declines. The hotel industry has benefited from price hikes and a rebound in travel demand after COVID lockdowns, with consumers booking longer stays despite rising interest rates…
COPENHAGEN (Reuters) -The world’s biggest lockmaker Assa Abloy on Wednesday posted a higher than expected first-quarter operating profit after a “very strong” start to the year and said it would raise prices again to offset inflationary pressure. Operating profit at the Swedish group fell to 3.96 billion crowns in the first three months of the…
WASHINGTON (Reuters) – Florida Governor Ron DeSantis’ battles with Walt Disney Co over a state law banning public school lessons on sexual orientation and gender identity could boost his support among U.S. Republican voters as he mulls a possible White House bid, a Reuters/Ipsos poll found. DeSantis has been tussling with Disney for over a…
BUDAPEST (Reuters) – Price caps to curb surging inflation and windfall taxes imposed by Hungary’s government have hurt sentiment among German firms in the country, a business survey showed on Wednesday. Germany is Hungary’s biggest foreign investor, giving the survey by the German-Hungarian Chamber of Industry and Trade extra resonance. It showed the assessment of…
BERLIN (Reuters) – Germany expects to post a deficit of 4.25% of gross domestic product (GDP) in 2023, up from a 2.6% deficit the previous year, according to finance ministry calculations published on Wednesday. Overall, the deficit is projected to be gradually reduced to about 0.75% of GDP by 2026. “In the crises of the…
A look at the day ahead in U.S. and global markets from Mike Dolan Just as markets were getting all antsy again about regional U.S. banks, Big Tech mega caps seem to have calmed the investment world with cloud-covered earnings beats and giddy talk of the quantum leap in artificial intelligence. After Tuesday’s bank stress…
By Noel Randewich and Akash Sriram (Reuters) -Microsoft Corp and Google-parent Alphabet Inc talked up investments in artificial intelligence (AI) for the second quarter in a row but their results on Tuesday suggested that any substantial additions to sales will be slow. The tech behemoths have launched an array of products that they promise are…
JOHANNESBURG (Reuters) – South Africa’s producer inflation slowed to 10.6% year-on-year in March from 12.2% in February, statistics agency data showed on Wednesday. On a month-on-month basis, the producer price index was at 1.0% in March from 0.6% the previous month, Statistics South Africa said. (Reporting by Anait Miridzhanian; Editing by Alexander Winning)
