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July 26, 2023
China industrial profits extend double-digit slide on weak demand
BEIJING (Reuters) -China’s industrial profits extended this year’s double-digit pace of declines into a sixth month as waning demand took…
Macquarie flags lower quarterly profit as commodities arm flounders
By Harish Sridharan (Reuters) – Australian investment bank Macquarie Group on Thursday flagged a “substantial” fall in April-June profit, as…
Bud Light maker to lay off hundreds of US corporate staff after sales slump – CNN
(Reuters) – Anheuser-Busch InBev, whose Bud Light sales have recently slumped in the United States, will lay off hundreds of…
India’s Jio Financial Services, BlackRock to launch asset management venture
MUMBAI (Reuters) -India’s Jio Financial Services, part of billionaire Mukesh Ambani led Reliance Group, and U.S.-based BlackRock Inc will form…
Bank of Korea tweaks lending facility to boost liquidity
SEOUL (Reuters) – South Korea’s central bank said on Thursday its monetary policy board decided to reform its standing lending…
BOJ to keep ultra-low rates, may debate fine-tuning yield cap
By Leika Kihara TOKYO (Reuters) – As aggressive U.S. interest rate hikes look like they might be nearing an end,…
Judge rejects US bid to restrict American Airlines, JetBlue deals
By Nate Raymond and David Shepardson BOSTON/WASHINGTON (Reuters) -A federal judge on Wednesday rejected the Justice Department’s bid to restrict…
Dollar falls after Fed rate hike
By Laura Matthews NEW YORK (Reuters) – The dollar fell against a basket of its peers on Wednesday after the…
Evercore hires veteran investment banker Bergstein from Morgan Stanley -sources
By David Carnevali and Mike Stone NEW YORK (Reuters) -Evercore has hired veteran Morgan Stanley banker Seth Bergstein as a…
Thai central bank to hike rates by 25 bps on Aug. 2, ending tightening cycle – Reuters poll
By Anant Chandak BENGALURU (Reuters) – The Bank of Thailand (BOT) will deliver a final 25-basis-point interest rate increase on…