HK’s Swire Pacific sells U.S. drinks unit to shareholder for $3.9 billion
(Reuters) -Hong Kong-based conglomerate Swire Pacific Ltd said on Wednesday it would sell its Swire Coca-Cola USA unit for $3.9…
Business
Nike’s 2024 pressured by weak North American demand, inventory glut
By Ananya Mariam Rajesh (Reuters) – Nike is expected to forecast full-year profit below Wall Street estimates, as demand for…
Oracle adds generative AI to its human resources software
By Stephen Nellis (Reuters) – Oracle Corp on Wednesday said it is adding generative artificial intelligence features to its human…
Analysis-US bond investors eked out positive returns, see better second half year
By Davide Barbuscia NEW YORK (Reuters) – U.S. government bond investors have racked up positive returns so far this year,…
Marketmind: G4 central bankers speak, chips wars rumble
A look at the day ahead in U.S. and global markets from Mike Dolan Eyeing another slew of impressive U.S….
India’s aerospace suppliers see upside in parts-making from record jet orders
By Allison Lampert and Aditi Shah PARIS/DELHI (Reuters) -Indian aerospace suppliers see record jet orders by the country’s top two…
Euro zone lending takes another hit as rate hikes bite
(Reuters) -Euro zone bank lending slowed in May as a record series of European Central Bank rate hikes work their…
Chinese payment giants revive effort to accept foreign credit cards
By Josh Ye HONG KONG (Reuters) – Chinese tech giants Tencent Holdings and Ant Group said that they would allow…
Italy rounds on “simplistic” ECB over rate hikes
By Angelo Amante and Gavin Jones ROME (Reuters) -Italian Prime Minister Giorgia Meloni on Wednesday criticised the European Central Bank…
Exclusive-Vietnam’s Truong Hai considers stake sale in $5 billion automotive arm – sources
By Yantoultra Ngui and Phuong Nguyen SINGAPORE/HANOI (Reuters) – Vietnamese conglomerate Truong Hai Group, founded by tycoon Tran Ba Duong,…