By Lewis Jackson and Praveen Menon SYDNEY (Reuters) – Australia’s third largest pension fund will stay active in Japanese markets in the coming months and is neutral about China despite growing investor aversion to the country’s markets, a senior executive said on Tuesday. The A$160 billion ($104 billion) Aware Super made “good money” recently due…
By Ludwig Burger FRANKFURT (Reuters) -Bayer said on Tuesday that last month’s cut to its full-year earnings target was mainly driven by a bleaker outlook at its Crop Science division and by expectations for flat pharmaceuticals sales. The German drugs and pesticides maker said in unscheduled statement last month that it was projecting 2023 group…
By Akshita Toshniwal (Reuters) – Global video-games market would return to growth in 2023 on the back of strong sales of consoles such as Sony’s Playstation 5, according to gaming market research firm Newzoo. Newzoo said it expects industry revenue to rise 2.6% to $187.7 billion in 2023, driven by a 7.4% rise in console…
By Lananh Nguyen and Juby Babu (Reuters) – Moody’s cut credit ratings of several small to mid-sized U.S. banks on Monday and said it may downgrade some of the nation’s biggest lenders, warning that the sector’s credit strength will likely be tested by funding risks and weaker profitability. Moody’s cut the ratings of 10 banks…
BERLIN (Reuters) – German inflation eased in July, the federal statistics office said on Tuesday, confirming preliminary data. German consumer prices, harmonised to compare with other European Union countries, increased by 6.5% on the year in July. This follows a 6.8% increase in June. (This story has been corrected to say inflation eased, not rose,…
By Nell Mackenzie LONDON (Reuters) – Bullish gasoline positions have hit their highest since the day Russia invaded Ukraine and will almost certainly rise further if record Atlantic Ocean heat draws a hurricane into the Gulf of Mexico and disrupts refineries, investors and analysts said. Many traders have been unnerved as crude markets were whipsawed…
By Aby Jose Koilparambil (Reuters) -Office rental firm IWG retained a “cautiously optimistic” outlook after posting a 48% surge in half-year profit on Tuesday, helped partly by high demand for its spaces and improved pricing. Office landlords are slowly recovering from pandemic lows as employers opt for permanent hybrid working models, where employees need to…
By Elizabeth Howcroft (Reuters) – Worldcoin has no problem attracting eyeballs. More than 2.2 million people have signed up, getting their irises scanned in exchange for a digital ID and, in some countries, free crypto. The new project from ChatGPT founder Sam Altman aims to create a blockchain-based “identity and financial network”. Its native coin…
By Krishn Kaushik NEW DELHI (Reuters) – India in recent months has barred domestic manufacturers of military drones from using components made in China over concerns about security vulnerabilities, according to four defence and industry officials and documents reviewed by Reuters. The measure comes amid tensions between the nuclear-armed neighbours and as New Delhi pursues…
(Reuters) – China’s exports fell 14.5% in July year-on-year, while imports contracted 12.4%, customs data showed on Tuesday, in the worst showing for outbound shipments from the world’s second-largest economy since February 2020. A Reuters poll of economists had forecast a 12.5% fall in exports and a 5.0% drop in imports. KEY POINTS: * Soybeans:…
