Regions Financial’s quarterly profit meets estimates on net interest income boost
(Reuters) – Regions Financial’s second-quarter profit met Wall Street estimates on Friday, as higher interest income offset the drag from…
July 21, 2023
Russian central bank ups 2023 GDP forecast as it hikes rates by 100 basis points
(Reuters) – Russia’s central bank raised its forecast for economic growth in 2023 even as it hiked rates by 100…
Morgan Stanley lifts 2023 US growth forecast on expectation of infrastructure investment
(Reuters) – Morgan Stanley raised U.S. economic growth forecast for the year on a strong industrial sector and more public…
UK consumers defy high inflation and shop more in June
By David Milliken LONDON (Reuters) -British retail sales grew faster than expected in June despite continued high inflation, thanks to…
UAW seeks Washington backing to pressure Detroit Three automakers in labor talks
By David Shepardson WASHINGTON (Reuters) – United Auto Workers President Shawn Fain has made winning the support of Washington a…
Japanese unions urge employers to continue wage hikes next year and beyond
TOKYO (Reuters) – Japan’s largest trade union confederation ‘Rengo’ urged companies on Friday to raise wages further to outpace inflation…
Marketmind: Dollar flexes into Fed week, calm returns
A look at the day ahead in U.S. and global markets from Mike Dolan As markets blew the froth off…
Foreign investors stream into Taiwan as AI stocks beckon
By Georgina Lee and Faith Hung HONG KONG/TAIPEI (Reuters) -Investors are putting aside geopolitical tensions to pile in to Taiwan…
China’s Xi gets nostalgic with ‘old friend’ Kissinger
BEIJING (Reuters) -Chinese President Xi Jinping told Henry Kissinger that “old friends” like him will never be forgotten, striking an…
Analysis-Novatek set to oust Gazprom as Russia’s top gas supplier to Europe
By Oksana Kobzeva and Vladimir Soldatkin MOSCOW (Reuters) – Increased supplies of liquefied natural gas (LNG) from Russia’s Novatek mean…