Tesco says Britain’s food inflation has peaked
By James Davey and Sarah Young LONDON (Reuters) -Tesco, Britain’s biggest retailer, said the country’s food inflation was starting to…
Business
Major banks cut China 2023 GDP forecasts as recovery falters
BEIJING (Reuters) -Several major banks have cut their 2023 gross domestic product (GDP) growth forecasts for China after May data…
Tesla’s China expansion hits speed bump amid industry overcapacity
SHANGHAI (Reuters) -Tesla’s ambitious plan to boost auto production in Shanghai, its most valuable plant globally, hinges on China’s approvals…
Climate and Ukraine loom over supply-strained Paris Airshow
By Tim Hepher, Valerie Insinna, Joanna Plucinska and Allison Lampert PARIS (Reuters) – Global aerospace and defence companies will tout…
Hungary cenbank to cut one-day depo rate by another 100 bps next week: Reuters poll
By Gergely Szakacs BUDAPEST (Reuters) – Hungary’s central bank is expected to cut its key one-day deposit rate again next…
Will cost cuts help FedEx close margin gap with UPS?
By Priyamvada C (Reuters) – FedEx may see a profit boost from cost cuts undertaken last year, although its investors…
Investors pour into equities to ‘chase the bull’, says BofA
By Samuel Indyk LONDON (Reuters) – Investors bought stocks and took money out of cash funds in the week to…
Baidu wins commercial licence for driverless taxis in Shenzhen
By Josh Ye HONG KONG (Reuters) -China’s tech firm Baidu Inc said on Friday that it has obtained a commercial…
India’s Modi to address FedEx, Mastercard, other US CEOs at Kennedy Center -source
By Nandita Bose and Trevor Hunnicutt WASHINGTON (Reuters) – Indian Prime Minister Narendra Modi will meet the CEOs of top…
Marketmind: Stocks fight the Fed as markets still not listening
By Naomi Rovnick LONDON (Reuters) – If you looked at red-hot stock markets without following central banks, you could well…