Ad Behind the Markets
By Mykhailo Moskalenko KRYVYI RIH, Ukraine (Reuters) -A Russian missile strike on the southern Ukrainian city of Kryvyi Rih on Monday killed at least six people, including a 10-year-old girl and her mother, and wounded dozens of others, Ukrainian officials said. A video posted by President Volodymyr Zelenskiy showed smoke billowing from a gaping hole…
By Paritosh Bansal (Reuters) – Singapore’s sovereign wealth fund Temasek invested the smallest amount since 2019 during its last fiscal year, as it waited for when pricing got more to its liking. Now, it’s starting to see what it likes. The S$382 billion ($287 billion) fund is seeing more investment opportunities. It invested in payment…
By Elizabeth Howcroft LONDON (Reuters) – The world’s largest stablecoin, Tether, said on Monday its assets rose 5.7% to $86.5 billion in the second quarter of 2023, while it made more than $1 billion “operational profit”, a 30% increase on the previous quarter. Stablecoins are a type of cryptocurrency which aim to keep a constant…
LONDON (Reuters) -Britain’s antitrust regulator on Monday called for public responses on whether Microsoft’s $69 billion takeover of Activision Blizzard, maker of video game “Call of Duty”, should be cleared ahead of a final decision by Aug. 29. Microsoft says the deal, which the Competition and Markets Authority (CMA) blocked in April, should be revisited…
By Stella Qiu SYDNEY (Reuters) – Australia’s home prices rose for a fifth straight month in July, according to property consultant CoreLogic, although the monthly gain slowed as an increase in new listings offered more options to buyers, taking heat out of the market. CoreLogic figures on Tuesday showed prices nationally rose 0.7% in July…
By Gibran Naiyyar Peshimam KARACHI, Pakistan (Reuters) -Pakistan’s central bank kept its key rate unchanged at 22% on Monday after a scheduled meeting of its monetary policy committee, with inflation expected to decline gradually in coming months, the bank’s governor said. Governor Jameel Ahmad told a press conference that the inflation outlook for the next…
TOKYO (Reuters) – Japan’s Panasonic Holdings posted a 42% rise in first quarter operating profit on Monday, buoyed by a weaker yen and stronger sales in its automotive and energy segments, while it stuck to its full-year outlook. Panasonic, whose energy unit makes batteries for Tesla Inc, said operating profit came to 90.37 billion yen…
(Reuters) – Warner Bros Discovery said on Monday it would restructure its advertising sales division including the leadership team, as the entertainment major seeks to address a downturn in ad demand. Advertising agency partners will now work with dedicated sales leaders and teams providing them with direct access to a variety of brands under the…
WASHINGTON (Reuters) – White House economic adviser Jared Bernstein on Monday said the reported impending bankruptcy of cash-strapped U.S. trucking company Yellow Corp does not indicate an economy-wide problem. The company, through a string of mergers, appeared to take on more debt than it could handle, Jared Bernstein of the Council of Economic Advisers, said…
By Joe Cash BEIJING (Reuters) -Chinese authorities released additional policy guidelines on Monday but no concrete measures to boost the sputtering economy and domestic consumption, leaving investors wanting as dull activity data heightened pressure for officials to act. Manufacturing activity in the world’s second-largest economy fell for a fourth straight month in July while the…
