Business leaders left in limbo by rate hike impact lag
By Leigh Thomas and Mathieu Rosemain AIX-EN-PROVENCE, France (Reuters) -An unusually long lag in the time interest rate hikes are…
Economy
Gucci-owner Kering paid $3.8 billion for French fragrance label Creed – FT
(Reuters) -Gucci-owner Kering paid 3.5 billion euros ($3.83 billion) for acquiring high-end French fragrance label Creed in June, the Financial…
China should shift stimulus to consumption, ease residency curbs -PBOC adviser
BEIJING (Reuters) – China should shift the focus of its stimulus from investment to consumption and further loosen urban residency…
China mutual funds cut fees as regulator targets $3.7 trillion sector
SHANGHAI/SINGAPORE (Reuters) -More than a dozen major mutual fund companies in China cut fees in roughly 1,500 fund products on…
Japan logs current account surplus for fourth month as trade gap narrows
TOKYO (Reuters) -Japan’s current account surplus more than doubled year-on-year in May, in a fourth straight month of gains, as…
Canadian port strike talks resume, supported by federal mediators
TORONTO (Reuters) – Talks in Pacific Canada between striking dock workers and their employers have resumed after four days away…
Countries repatriating gold in wake of sanctions against Russia – study
By Marc Jones LONDON (Reuters) – An increasing number of countries are repatriating gold reserves as protection against the sort…
UK jobs market cools again, pay growth weakest since April 2021: REC
LONDON (Reuters) – Pay pressures in Britain’s labour market cooled further in June, according to a survey of recruiters published…
China-led EV boom in Thailand threatens Japan’s grip on key market
By Devjyot Ghoshal and Pasit Kongkunakornkul BANGKOK (Reuters) – Thailand’s Siam Motors partnered with Nissan Motors in 1962 with a…
Innovation in EVs seen denting copper demand growth potential
By Mai Nguyen HANOI (Reuters) -New electric vehicles from Tesla and rivals are being engineered for efficiency in a way…