Italy’s race for savers’ cash could threaten bank profits
By Valentina Za and Sara Rossi MILAN (Reuters) -Italy will launch a new bond aimed at retail investors next week,…
Business
Fed’s Mester says no ‘compelling’ reason to pause rate hikes -FT
(Reuters) – Federal Reserve Bank of Cleveland President Loretta Mester sees no “compelling” reason to wait to implement another interest…
Marketmind: Back to data watching, with US debt bill on track
A look at the day ahead in European and global markets from Sonali Desai With the U.S. debt ceiling bill…
Thai April factory output drops 8% y/y, worse than forecast
BANGKOK (Reuters) – Thailand’s manufacturing production index (MPI) in April contracted by a more-than-expected 8.14% from a year earlier, as…
Foxconn sees AI driving strong server demand, but full year to be flat
TAIPEI (Reuters) – Apple Inc supplier Foxconn said on Wednesday artificial intelligence applications would strongly drive demand for its server…
China’s factory activity falls faster than expected as recovery stumbles
By Liangping Gao and Ryan Woo BEIJING (Reuters) – China’s factory activity shrank faster than expected in May on weakening…
Deepfaking it: America’s 2024 election collides with AI boom
(Note: Strong language in paragraph 10) By Alexandra Ulmer and Anna Tong (Reuters) – “I actually like Ron DeSantis a…
FedEx reaches tentative deal with pilot union
(Reuters) -FedEx Corp has reached a tentative agreement with pilots of its air delivery unit who had voted in favor…
Australia’s central bank shuns PwC after tax plan leaks
By Lewis Jackson SYDNEY (Reuters) -The Reserve Bank of Australia will not sign any new contracts with PricewaterhouseCoopers (PwC) Australia…
Australia inflation accelerates in April, keeps pressure on RBA
By Stella Qiu SYDNEY (Reuters) – Australian consumer prices rose by more than expected in April on a jump in…