China’s Q2 GDP seen rising 7.3% y/y but on low base, recovery fades: Reuters poll
By Kevin Yao BEIJING (Reuters) – China’s economy likely grew 7.3% in the second quarter from a year earlier due…
Business
Australian banks say low unemployment is buffering home loans
By Byron Kaye SYDNEY (Reuters) – The CEOs of Australia’s two biggest banks said on Thursday a tight labour market…
Amazon Prime Day sales rise as deep discounts tempt inflation-hit shoppers
By Ananya Mariam Rajesh, Granth Vanaik and Arriana McLymore (Reuters) -Amazon.com’s Prime Day two-day shopping event saw U.S. online sales…
J.P.Morgan, Goldman raise Canada central bank terminal rate forecast to 5.25%
(Reuters) – J.P.Morgan and Goldman Sachs said on Wednesday they now expect the Bank of Canada (BoC) to deliver one…
McDonald’s China owners Carlyle, Trustar plan $4 billion exit – Bloomberg News
(Reuters) -Carlyle Group Inc and Trustar Capital are planning to raise $4 billion from wealth funds to buy part of…
Exclusive-China’s Qingdao sets up firm to bail out its local govt financing arms-sources
By Samuel Shen and Tom Westbrook (Reuters) – Qingdao city in China’s debt-laden Shandong province has set up a company…
Chocolate maker Barry Callebaut’s sales fall on low demand
(Reuters) -Barry Callebaut, the world’s biggest chocolate maker, on Thursday reported lower nine-month sales volumes than a year ago as…
Pain trade or same trade? Investors refuse to fold on recession bets
By Naomi Rovnick, Marc Jones and Alun John LONDON (Reuters) – It was not meant to be this way. The…
US stock investors count on earnings to propel rally after upbeat CPI report
By Lewis Krauskopf NEW YORK (Reuters) -As U.S. inflation cools and growth remains resilient, bullish investors are counting on the…
Bank of Korea stays on hold, price pressures remain
By Jihoon Lee and Joyce Lee SEOUL (Reuters) -South Korea’s central bank held interest rates steady for a fourth straight…