By Rocky Swift TOKYO (Reuters) – Japan’s Nikkei index extended its climb to scale a near 33-year high on Tuesday, with trading houses and Uniqlo operator Fast Retailing leading the gains on technical support for heavyweight shares ahead of the fixing of special quotation prices. The Nikkei recouped from early losses to close nearly 1%…
(Refiles with no change in text) (Reuters) -Twitter’s new Chief Executive Officer Linda Yaccarino has begun her role at the social media company, she tweeted late on Monday, about a month after Elon Musk named her as the new CEO. “It happened — first day in the books!,” she tweeted, without providing further details. Yaccarino,…
FRANKFURT (Reuters) – Underlying price pressures in the euro zone may prove more difficult to tame but monetary policy is showing signs of effectiveness and further rate hikes must be done step by step, Dutch central bank chief Klaas Knot said on Tuesday. The ECB has raised rates by a combined 375 basis points over…
By Orathai Sriring and Kitiphong Thaichareon BANGKOK (Reuters) – Thailand’s May headline inflation rate dropped to its lowest in 21 months due to lower energy and food prices and a high base in 2022, the commerce ministry said on Tuesday, with consumer prices expected to fall further. The headline consumer price index (CPI) rose 0.53%…
(Reuters) – GSK said on Tuesday that the U.S. Food and Drug Administration had granted file acceptance for its cancer drug, Jemperli, when combined with chemotherapy to treat adult patients with certain types of endometrial cancer. (Reporting by Radhika Anilkumar in Bengaluru; Editing by Savio D’Souza)
BUDAPEST (Reuters) – Hungary’s inflation will slow to single digit by end-2023 from 24% in April, allowing the central bank to sharply cut interest rates by next spring, Minister for Economic Development Marton Nagy said in an interview on Tuesday. Nagy told business website vg.hu that caps on households’ mortgage rates and small businesses’ loan…
LONDON (Reuters) -Associated British Foods, the owner of Primark and major sugar, foods and ingredients businesses, said it would buy dairy technology company National Milk Records <NMRP.ASE> for 48 million pounds ($59.7 million) to boost its agri-food unit. While it is best known for the value fashion retailer Primark which makes up almost half of…
(Reuters) -German industrial orders fell unexpectedly in April, dragged down by large-scale orders, data from the federal statistics office showed on Tuesday. Industrial orders fell by 0.4% on the previous month on a seasonally and calendar adjusted basis. A Reuters poll of analysts had pointed to a 3.0% increase. Excluding large-scale orders, there was an…
By Patrick Werr CAIRO (Reuters) – Egypt faces an increasingly tough task raising cash for foreign debt repayments after external borrowing quadrupled over the past eight years to help fund a new capital, build infrastructure, buy weapons and support an overvalued currency. Few of its grand projects are generating additional hard currency inflows, while foreign…
By Corina Pons and Helen Reid MADRID (Reuters) – Investors will closely watch Zara owner Inditex’s profit margins for any signs of weakness after a stellar series of results confirmed its lead over smaller Swedish rival H&M. Inditex, the world’s largest fashion retailer, reports results for the February-April period on Wednesday. H&M will give an…
