Marketmind: Get ready for the debt ceiling rally
A look at the day ahead in European and global markets from Kevin Buckland European shares look poised to rally…
Business
China’s fiscal revenue growth quickens as economy recovers
BEIJING (Reuters) – China’s fiscal revenue rose 11.9% in the first four months of 2023 from the same period a…
Australia employment unexpectedly drops, reinforcing rate pause bets
By Stella Qiu SYDNEY (Reuters) -Australia employment unexpectedly dipped in April after two months of outsized gains, and the jobless…
Micron to invest $3.7 billion in Japan for new DRAM chips
(Reuters) -Micron Technology Inc said on Wednesday it plans to invest up to 500 billion yen ($3.70 billion) in extreme…
As household budgets tighten, big brands double down in dollar stores
By Jessica DiNapoli NEW YORK (Reuters) – Makers of brand-name household basics like Dunkin’ coffee and Schick razors are bulking…
Chile greenlights mining tax reform that boosts government take
By Fabian Cambero SANTIAGO (Reuters) -Lawmakers in Chile’s lower house of Congress gave final approval on Wednesday for a long-awaited…
Walgreens reaches $230 million opioid settlement with San Francisco
By Jonathan Stempel (Reuters) -San Francisco said on Wednesday it reached a $230 million settlement with Walgreens Boots Alliance Inc…
EU pushes forward with post-Brexit forum for EU, UK financial regulators
By Huw Jones LONDON (Reuters) -The European Union’s executive body said on Wednesday it has formally adopted a draft memorandum…
US FTC expands probe into pharmacy benefit managers
(Reuters) -The U.S. Federal Trade Commission said it had sought information from two privately held companies that negotiate drug rebates…
Credit Suisse bond wipe-out will not trigger credit insurance payout
By Chiara Elisei LONDON (Reuters) -Holders of credit insurance linked to Credit Suisse bonds will not get a payout after…