Japan’s Kobe Steel raises annual profit forecast to record $840 million
TOKYO (Reuters) – Japan’s Kobe Steel raised its net profit forecast for the current fiscal year to a record high…
August 8, 2023
Euro zone consumers expect lower inflation, sluggish housing prices – ECB poll
FRANKFURT (Reuters) – Euro zone consumers expect inflation to keep slowing in the next months and years but remain pessimistic…
Siemens cooperating with Austrian authorities in corruption probe
VIENNA/MUNICH (Reuters) – Siemens is cooperating with authorities in Austria on an investigation into allegations of possible corruption related to…
Investors bet on state-backed developers as Chinese property begins recovery
By Li Gu and Summer Zhen SHANGHAI/HONG KONG (Reuters) – Investors betting on recovery in China’s battered property sector are…
Holiday Inn owner IHG makes light of tough economy
By Yadarisa Shabong (Reuters) -Holiday Inn owner IHG expects room revenue growth to remain positive across its regions in the…
Australian $100 billion pension fund says active in Japan, neutral on China
By Lewis Jackson and Praveen Menon SYDNEY (Reuters) – Australia’s third largest pension fund will stay active in Japanese markets…
Bayer says guidance cut driven by Crop Science, Pharma
By Ludwig Burger FRANKFURT (Reuters) -Bayer said on Tuesday that last month’s cut to its full-year earnings target was mainly…
Video-gaming revenue to grow 2.6% in 2023 on console sales strength – report
By Akshita Toshniwal (Reuters) – Global video-games market would return to growth in 2023 on the back of strong sales…
Moody’s downgrades US banks, warns of possible cuts to others
By Lananh Nguyen and Juby Babu (Reuters) – Moody’s cut credit ratings of several small to mid-sized U.S. banks on…
German inflation eases to 6.5% in July
BERLIN (Reuters) – German inflation eased in July, the federal statistics office said on Tuesday, confirming preliminary data. German consumer…