European shares drop on dour earnings, rate hike concerns
By Ankika Biswas and Shashwat Chauhan (Reuters) -European shares dropped on Thursday, with a slew of downbeat earnings weighing on…
August 17, 2023
Colombia’s Grupo Aval cuts 2023 loan forecast after ‘exorbitant costs’
By Sarah Morland and Marion Giraldo (Reuters) – Colombian financial conglomerate Grupo Aval on Thursday cut its 2023 loan growth…
Walmart promotes CEO of Sam’s Club to head International division
(This Aug. 16 story has been corrected to change the surname to McLay from McKay in paragraphs 13-14) By Siddharth…
US weekly jobless claims fall; tight labor market underpinning economy
By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits fell last week, pointing…
US FTC approves deal for natgas producer EQT to buy THQ Appalachia
(Reuters) – EQT Corp, the biggest U.S. natural gas producer, said on Wednesday that it had won antitrust approval to…
Argentina government: IMF had wanted “100%” peso devaluation
By Lucila Sigal BUENOS AIRES (Reuters) – Argentina’s government said on Thursday that major creditor the International Monetary Fund (IMF)…
US leading indicator falls further in July
WASHINGTON (Reuters) – A gauge of future U.S. economic activity dropped for the 16th straight month in July, though the…
Mesa Air can be sued by Muslim men who alleged racial profiling
By Jonathan Stempel (Reuters) – A federal appeals court revived a lawsuit accusing Mesa Air Group of racially profiling two…
Hedge funds slow value exodus as AI hype drives up growth stocks
NEW YORK/LONDON (Reuters) – Hedge funds have slowed their exit from value stocks and small-cap stocks over the past month,…
Coach parent Tapestry forecasts weak 2024 on soft U.S. demand
By Savyata Mishra, Juveria Tabassum and Katherine Masters (Reuters) -Coach parent Tapestry, which agreed to buy Capri last week, forecast…