South Africa lifts interest rates to 14-year high to fight inflation
By Anait Miridzhanian, Bhargav Acharya and Kopano Gumbi PRETORIA (Reuters) -South Africa’s central bank raised its main interest rate on…
May 25, 2023
Jana Partners pushes Freshpet on recent board changes -letter
By Svea Herbst-Bayliss NEW YORK (Reuters) – The activist investor pushing for board seats at Freshpet Inc wants the pet…
South Korea says homegrown space rocket put satellites into orbit
By Hyonhee Shin and Soo-hyang Choi SEOUL (Reuters) -South Korea’s domestically made space rocket delivered a commercial grade satellite into…
U.S. pending home sales unchanged in April
WASHINGTON (Reuters) – Contracts to buy U.S. previously owned homes were unchanged in April amid tight inventory, which could delay…
Cineworld eyes bankruptcy exit in July as most lenders back restructuring plan
(Reuters) -Cineworld expects to emerge from Chapter 11 bankruptcy protection in July, the British cinema chain operator said on Thursday,…
German economy entered recession as inflation hurt consumers
BERLIN (Reuters) – The German economy was in recession in early 2023 after household spending in Europe’s economic engine finally…
Pakistan cuts growth forecast, foreign exchange reserves drop
By Asif Shahzad ISLAMABAD (Reuters) – Pakistan has cut its GDP growth estimate for fiscal year 2022-23 to 0.29%, from…
First Republic Bank paid some employees salaries of more than $10 million before collapse – Bloomberg News
(Reuters) – First Republic Bank was paying dozens of employees more than $10 million apiece annually in the heyday before…
Electric truck maker Nikola receives delisting notice
(Reuters) – Nikola Corp said on Thursday Nasdaq gave the electric truck maker a delisting notice for not meeting its…
Dollar Tree cuts profit target on slowing demand, higher costs; shares slump
By Aatrayee Chatterjee and Granth Vanaik (Reuters) -Dollar Tree Inc on Thursday trimmed its full-year profit forecast after missing quarterly…