US producer prices increase moderately in April
WASHINGTON (Reuters) – U.S. producer prices rebounded modestly in April, leading to the smallest annual increase in producer inflation in…
Business
China says willing to work with U.S. on audit deal as challenges loom
By Xie Yu HONG KONG (Reuters) – China’s securities watchdog on Thursday said that it was willing to work with…
Sonos shares crash as forecast fails to strike a chord
(Reuters) – Sonos Inc was set to shed more than a fifth of its market valuation on Thursday after a…
Coach bags help Tapestry defy U.S. luxury gloom with forecast raise
By Deborah Mary Sophia (Reuters) -Tapestry Inc raised its annual profit forecast on Thursday, betting that price increases and strong…
Space startup partners with SpaceX to launch commercial space station
By Joey Roulette WASHINGTON (Reuters) – Vast, a startup backed by cryptocurrency billionaire Jed McCaleb, is aiming to launch a…
Italy wrestles with antitrust loophole that could save Amazon a packet
By Alvise Armellini ROME (Reuters) – Italy’s competition watchdog AGCM is trying to close a legal loophole that has allowed…
Telefonica first-quarter profit falls as cost pressures bite
MADRID (Reuters) -Spanish telecoms firm Telefonica disappointed the market on Thursday with a 58% drop in first-quarter net profit from…
US debt standoff overshadows G7 finance leaders’ meeting
By Leika Kihara and Andrea Shalal NIIGATA, Japan (Reuters) -A standoff in Washington over raising the U.S. debt ceiling overshadowed…
SoftBank books narrower loss after Alibaba stake sell-down
By Sam Nussey and Kiyoshi Takenaka TOKYO (Reuters) -Japan’s SoftBank Group Corp on Thursday posted a sharply narrower annual loss…
BoE’s Bailey: We have to stay the course to get inflation down
LONDON (Reuters) – The Bank of England must stay the course to ensure the level of inflation falls back to…