Wall Street Set To Open Lower As Rally Led By Growth Stocks Wanes
By Amruta Khandekar (Reuters) -Wall Street’s main indexes were set for a lower open on Wednesday following a sharp rally…
Reuters
Tencent Profit Halves, Revenue Flat, As Ad Sales Slump
By Josh Ye HONG KONG (Reuters) -China’s Tencent posted a quarterly profit that had halved from a year ago and…
Futures Slip After Sharp Wall Street Rally
(Reuters) – U.S. stock index futures edged lower on Wednesday following a sharp rally in megacap growth stocks in the…
Target Profit Halves As Rising Costs Hit Margins, Shares Sink
By Aishwarya Venugopal and Uday Sampath Kumar (Reuters) -Target Corp’s quarterly profit halved and it warned of a bigger margin…
Toyota To Suspend Morning Shift In One Japanese Factory Due To Water Supply
TOKYO (Reuters) – Toyota Motor Corp will suspend vehicle production at one of its factories after a major industrial water…
Lowe’s Posts Bigger-than-expected Drop In Same-store Sales
(Reuters) – Lowe’s Cos Inc reported a bigger-than-expected drop in same-store sales on Wednesday, as demand eased for its home-improvement…
Pakistan Opens Talks With IMF To Resume Suspended Funds For Battered Economy
By Asif Shahzad ISLAMABAD (Reuters) – Pakistan opened much delayed talks with the International Monetary Fund (IMF) on Wednesday to…
Chinese Depositors Left In Dark As Three Local Banks Freeze Deposits
By Engen Tham SHANGHAI (Reuters) – Three banks in China’s central Henan province have frozen at least $178 million of…
Thyssenkrupp Top Shareholder Has No Plan To Sell Stake
DUESSELDORF (Reuters) – Thyssenkrupp’s top shareholder has no plans to sell its 20.93% stake in the German conglomerate, its head…
UK Inflation Hits 40-year High Of 9.0% As Households Suffer
By Andy Bruce and William Schomberg LONDON (Reuters) – British inflation surged last month to its highest annual rate since…