Back-to-school spending set for first decline in nine years as inflation bites – report
By Deborah Mary Sophia (Reuters) – Back-to-school spending is expected to fall for the first time in nine years as…
Economy
NZ central bank hits pause at 5.5%, economists see easing in 2024
By Lucy Craymer WELLINGTON (Reuters) – New Zealand’s central bank held the cash rate steady at 5.5% on Wednesday, hitting…
Uniqlo parent’s profit seen soaring to a Q3 record on China recovery
By Rocky Swift TOKYO (Reuters) – The Japanese operator of apparel retailer Uniqlo is expected by analysts to post a…
Global accounting firms set up shop in India’s smaller cities
By Manoj Kumar and Jatindra Dash and Sumit Khanna BHUBANESWAR, India (Reuters) – The world’s major accounting firms are stepping…
Australia cabinet will soon decide on next RBA governor – treasurer
By Renju Jose SYDNEY (Reuters) – Australia Treasurer Jim Chalmers said on Wednesday the cabinet would meet soon to decide…
Japan’s wholesale inflation slows for 6th straight month
By Leika Kihara TOKYO (Reuters) – Japan’s wholesale inflation slowed for a sixth straight month in June due to sliding…
JPMorgan plans to lay off 63 employees in Jersey City
By Nupur Anand (Reuters) – JPMorgan Chase plans to lay off 63 employees in Jersey City, New Jersey, according to…
US SEC removes ‘swing pricing’ from money market fund overhaul plan -Bloomberg News
(Reuters) – Money market funds are set for a reprieve on “swing pricing” when Wall Street’s top regulator votes on…
IBM mulls using its own AI chip in new cloud service to lower costs
By Stephen Nellis SAN FRANCISCO (Reuters) – International Business Machines (IBM) is considering the use of artificial intelligence chips that…
Corporate net debt hit record in 2022/23, but borrowing appetite to decline – Janus Henderson
By Chiara Elisei LONDON (Reuters) – Companies around the globe took on a record $456 billion of net new debt…