Marketmind: Fed rates to stay higher for longer, debt drama goes on
(Reuters) – A look at the day ahead in U.S. and global markets from Samuel Indyk. The Federal Reserve is…
Economy
Fashion giant Shein raises $2 billion but lowers valuation by a third- WSJ
(Reuters) – Online fashion giant Shein raised $2 billion in its latest fundraising round that values the company at $66…
Euro zone inflation ticks up in April
FRANKFURT (Reuters) – Euro zone inflation accelerated last month, Eurostat said on Wednesday, confirming preliminary data pointing to increasingly stubborn…
ECB looks for new top supervisor to succeed Enria
FRANKFURT (Reuters) – The European Central Bank said on Wednesday it is looking for a new top bank supervisor to…
Siemens raises full year outlook after 2nd quarter sales beat
By John Revill (Reuters) -Siemens raised its full year sales and profit guidance on Wednesday after the German engineering and…
Japan emerges from recession on post-COVID consumer rebound
By Tetsushi Kajimoto and Leika Kihara TOKYO (Reuters) – Japan’s economy emerged from recession and grew faster than expected in…
Vietnam EV maker VinFast sees sales boom, path to breakeven
By Phuong Nguyen HANOI (Reuters) -Vietnam’s VinFast expects to sell as many as 50,000 electric vehicles (EVs) this year, an…
New Twitter CEO says she is excited to help to transform Twitter
(Reuters) -Newly appointed Twitter CEO Linda Yaccarino said in a tweet on Saturday that she has been inspired by owner…
Commerzbank doubles quarterly profit, helped by higher interest rates
By Tom Sims and Frank Siebelt FRANKFURT (Reuters) -Germany’s Commerzbank said on Wednesday that its net profit nearly doubled in…
China’s BYD beefs up autonomous driving credentials with new unit, hiring spree
SHANGHAI/BEIJING (Reuters) – BYD Co Ltd may be China’s biggest electric vehicle maker by a country mile but it knows…