Exclusive-Pakistan point-of-sale payments slump after protest violence
By Ariba Shahid KARACHI, Pakistan (Reuters) -Point-of-sale transactions routed through Pakistan’s main digital payment systems fell by around 50% the…
Economy
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…
Australia’s trade minister seeks end to trade curbs on visit to Beijing
BEIJING (Reuters) – Australia’s Trade Minister arrived in Beijing On Thursday to meet his Chinese counterpart, as Canberra pushes for…
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…
WeightWatchers slides as top holder Artal Group exits
(Reuters) – Shares of WW International Inc, also known as WeightWatchers, slumped more than 12% before the bell on Thursday…
Yellen warns US default would threaten global economy, undermine its leadership
By Andrea Shalal NIIGATA, Japan (Reuters) -U.S. Treasury Secretary Janet Yellen on Thursday urged Congress to raise the $31.4 trillion…
Bayer sees 2023 results at lower end of range as weedkiller prices drop
By Ludwig Burger FRANKFURT (Reuters) -Drug and pesticide maker Bayer said its 2023 results would likely come in at the…
Marketmind: Disinflation cheer, debt cap fear
A look at the day ahead in U.S. and global markets from Mike Dolan Investor relief that ongoing U.S. disinflation…
Analysis-China’s deposit pile stands in the way of recovery
By Winni Zhou and Tom Westbrook SHANGHAI/SINGAPORE (Reuters) – China’s increasingly urgent efforts to tip its mountain of savings into…