J.P. Morgan warns of sharper-than-expected slump in China residential market
(Reuters) – J.P. Morgan said on Tuesday China’s residential property market could see a sharper-than-expected slump this year following downbeat…
Carlsberg lifts 2023 profit forecast on solid first-half
COPENHAGEN (Reuters) – Danish brewer Carlsberg on Tuesday lifted its profit guidance for the full year after a “solid business…
Outcome of Chevron, Woodside, Australian unions talks may take days
By Lewis Jackson SYDNEY (Reuters) – Negotiations between Chevron, Woodside Energy Group and Australian unions on Tuesday are unlikely to…
South Africa’s unemployment rate drops marginally in second quarter
By Kopano Gumbi PRETORIA (Reuters) -South Africa’s official unemployment rate dropped marginally in the second quarter to 32.6%, its lowest…
Global wealth projected to rise 38% by 2027, despite recent decline – study
ZURICH (Reuters) – Global wealth, as measured in personal holdings of assets from real estate to stocks and shares, is…
Britain’s M&S raises profit outlook after strong trading
By James Davey (Reuters) -British retailer Marks & Spencer raised its profit outlook on Tuesday, saying demand in stores had…
Pound up on record UK wage growth, rising unemployment caps gains
By Samuel Indyk and Joice Alves LONDON (Reuters) -Sterling rose against the dollar on Tuesday after data showed British wages…
Hedge funds land bonuses despite returns below bank savings rates -Goldman
By Nell Mackenzie LONDON (Reuters) – Most investors still award bonuses to hedge funds even if their investments do not…
A million interest only mortgages come under UK watchdog scrutiny
LONDON (Reuters) -Nearly half of people with interest-only mortgages may be too optimistic about their ability to pay the outstanding…
Marketmind: U.S. retail therapy as China funk deepens
A look at the day ahead in U.S. and global markets from Mike Dolan, Editor-at-Large, financial industry and financial markets…