SEOUL (Reuters) – South Korean consumers’ sentiment improved for a fifth consecutive month to a 15-month high in July, with their inflation expectations resuming a decline, a central bank survey showed on Wednesday. The consumer sentiment index rose to 103.2 in July, from 100.7 in June, and was the highest reading since April 2022, the…
By Yantoultra Ngui and Xinghui Kok SINGAPORE (Reuters) – Singapore sovereign wealth fund GIC, one of the world’s biggest investors, plans to continue investing in China despite geo-political tensions after chalking up its best showing in eight years in the financial year ended March. Its group chief investment officer Jeffrey Jaensubhakij told Reuters GIC was…
By Chibuike Oguh NEW YORK (Reuters) -Global equity markets and U.S. Treasury yields rose on Tuesday ahead of the Federal Reserve’s expected interest rate hike and as markets awaited a stream of quarterly results from corporate heavyweights. Fed officials are gathering for their July monetary policy meeting, starting on Tuesday, where the central bank’s rate-tightening…
By Stephanie Kelly NEW YORK (Reuters) -Oil prices rose to three-month highs on Tuesday, as signs of tighter supplies and pledges by Chinese authorities to shore up the world’s second-biggest economy lifted sentiment. Brent futures settled up 90 cents at $83.64 a barrel, after hitting $83.87 earlier, the highest since April 19. U.S. West Texas…
By Lizbeth Diaz MEXICO CITY (Reuters) -Mexican security forces were complicit in the 2014 abduction of 43 student teachers and concealed documents which showed where some of them were taken, according to a new report by an independent panel of international experts presented on Tuesday. The Interdisciplinary Group of Independent Experts (GIEI) tasked with investigating…
(Reuters) – Banc of California and PacWest Bancorp on Tuesday announced an all-stock merger with a $400 million equity raise from Warburg Pincus and Centerbridge Partners. (Reporting by Niket Nishant in Bengaluru; Editing by Arun Koyyur)
LONDON (Reuters) -A proposed 2.7 billion pound ($3.5 billion) mass lawsuit against major banks including JPMorgan and Citigroup over alleged foreign exchange rigging was revived by a London court on Tuesday. The case was originally brought by Phillip Evans, a former inquiry chair at Britain’s Competition Markets Authority, on behalf of thousands of asset managers,…
By Jonathan Stempel NEW YORK (Reuters) -Starbucks violated U.S. labor law by firing a Manhattan store supervisor who had organized workers to join a union, a federal labor board judge ruled on Monday. The National Labor Relations Board established “striking and strong evidence of animus” behind Starbucks’ termination of Rhythm Heaton as a shift supervisor…
By Doyinsola Oladipo NEW YORK (Reuters) – Retail giant Walmart on Tuesday said it is teaming up with online travel agency Expedia Group to offer its subscription service members travel benefits for the first time as retailers increase service offerings to offset a slowing in spending on goods. Walmart joins Amazon and others who are…
By Ted Hesson and Kristina Cooke WASHINGTON (Reuters) -A U.S. federal judge on Tuesday blocked President Joe Biden’s new regulation restricting asylum access at the U.S.-Mexico border, upending a key tenet of his plan to deter migration after COVID-era Title 42 restrictions ended in May. California-based U.S. District Judge Jon Tigar stayed the order for…
