By Rodrigo Campos NEW YORK (Reuters) – Investors in Argentina’s financial markets, where bonds and the peso slid on Monday after central bank moves following a surprise primary election result, said the vote had a silver lining: it would likely hasten long-called-for economic reforms. The Sunday primary, an open vote that acts as a dress…
(Reuters) – An analyst at Fitch Ratings warned that U.S. banks, including JPMorgan Chase, could be downgraded if the agency further cuts its assessment of the operating environment for the industry, according to a report from CNBC on Tuesday. In June, Fitch lowered the score of the U.S. banking industry’s “operating environment” to AA- from…
(Reuters) – Social media company X, formerly known as Twitter, will no longer allow advertisers to promote their accounts within the platform’s timeline to attract new followers, Axios reported on Tuesday, citing an email to advertising clients. Promoted accounts, or “Follower Objective” ads, generate more than $100 million annually in global revenue for X, according…
(Reuters) – J.P. Morgan said on Tuesday China’s residential property market could see a sharper-than-expected slump this year following downbeat government sales and investment data for the sector. Analysts at the brokerage now expect China’s residential sales value for fiscal 2023 to contract 10%, compared with a 4% drop estimated earlier. Investments into China’s property…
COPENHAGEN (Reuters) – Danish brewer Carlsberg on Tuesday lifted its profit guidance for the full year after a “solid business performance” in the first half of the year. The world’s third-biggest brewer said it now expects organic operating profit growth this year of between 4% and 7%, versus a previous range of minus 2% to…
By Lewis Jackson SYDNEY (Reuters) – Negotiations between Chevron, Woodside Energy Group and Australian unions on Tuesday are unlikely to yield results for days because unions will need to consult members on any decision, according to a source with knowledge of the matter that was not authorised to speak to media. Chevron and Woodside negotiated…
By Kopano Gumbi PRETORIA (Reuters) -South Africa’s official unemployment rate dropped marginally in the second quarter to 32.6%, its lowest level since the first quarter of 2021, data showed on Tuesday. Statistics South Africa said the number of people with jobs rose to 16.3 million in April-June, approaching the pre-COVID level of 16.4 million and…
By Chris Taylor NEW YORK (Reuters) – Here is something to make you feel old: Next year will mark the 40th anniversary of the first TED Talk. By now, we are all very familiar with the format: Subject-matter experts giving smart, pithy speeches about technology, entertainment and design. But while topics can be all over…
ZURICH (Reuters) – Global wealth, as measured in personal holdings of assets from real estate to stocks and shares, is projected to rise 38% by 2027, driven largely by emerging markets, a study published by Credit Suisse and UBS showed on Tuesday. The annual Global Wealth Report, which estimates the wealth holdings of 5.4 billion…
By James Davey (Reuters) -British retailer Marks & Spencer raised its profit outlook on Tuesday, saying demand in stores had helped it to win new customers for its clothing, home and food businesses, sending its shares up sharply. The 139-year old group, whose shares have risen 66% so far this year, said it now expected…
