By Kantaro Komiya TOKYO (Reuters) -Japanese real wages fell for a 15th straight month in June, while nominal pay growth also slowed, suggesting companies will need to do more on salary hikes to drive a virtuous growth cycle and allow the central bank to consider exiting easy policies. Separate data on Tuesday showed Japan’s consumer…
By Kanishka Singh WASHINGTON (Reuters) – White House COVID-19 response coordinator Ashish Jha will be leaving his post, U.S. President Joe Biden said on Thursday in a statement in which he thanked Jha for his handling of the pandemic. His departure was reported first by the Wall Street Journal, which said Jha will be the…
(Reuters) -Under Armour Inc on Wednesday named Stephanie Linnartz as its chief executive officer, months after Patrik Frisk stepped down from the role, sending shares of the apparel company marginally down in extended trading. Linnartz currently serves as the president of Marriott International Inc and has been with the hotel chain operator in various roles…
By Philip Blenkinsop BRUSSELS (Reuters) – The European Union faces a challenge to convince its members to relinquish authority over export controls as it aims to bring in an EU-wide system that would also monitor outbound investment, European Trade Commissioner Valdis Dombrovskis said on Friday. The European Commission intends to present its “Economic Security Strategy”…
A look at the day ahead in U.S. and global markets from Mike Dolan Wall St looks set to return from the ‘Juneteenth’ holiday in a slightly more cautious mood as hawkish European policymakers contrast with another interest rate cut in China and as U.S. housing dominates the data slate. Both the S&P500 and Nasdaq…
(Reuters) -Retail crypto lending platform Celsius Network said on Thursday it was exploring options including deals and restructuring its liabilities. Celsius earlier this month froze https://bit.ly/3bHo3Cf withdrawals and transfers, citing “extreme” market conditions, leaving its 1.7 million customers unable to redeem their assets. The Hoboken, New Jersey, company hired restructuring consultants from advisory firm Alvarez…
By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits dropped to their lowest level this year last week, while layoffs declined sharply in February, indicating that the labor market recovery was gaining steam. The upbeat reports on Thursday bode well for February’s employment report on Friday. Economists are…
By Dawn Chmielewski and Lisa Richwine (Reuters) – When Pixar Animation Studios releases its 27th feature film in theaters on Friday, the pioneering studio behind blockbuster movies such as “Toy Story,” “Cars” and “Finding Nemo” will be under pressure to demonstrate it has not lost its Midas touch. The stakes are high for “Elemental,” a…
OMAHA, Neb. (AP) — Union Pacific hauled in 24% more profit in the fourth quarter despite supply chain problems and weak auto production, but that is also compared with a period last year that included a one-time $278 million charge. The Omaha, Nebraska, railroad on Thursday posted earnings of $1.71 billion, or $2.66 per share,…
By Nell Mackenzie and Chiara Elisei LONDON (Reuters) – Hedge fund Man Group Chief Executive Luke Ellis believes central banks have not tamed inflation and threats to the broader economy persist, he said on Wednesday. “The bigger picture is that central banks think they’ve done a lot but they haven’t really made much difference to…
