Author Archives: Syndicated Content
Hedge fund Sachem Head built CVS stake during second quarter
By Svea Herbst-Bayliss NEW YORK (Reuters) - Investment firm Sachem Head Capital Management built a new stake in CVS Health Corp during the second quarter when the healthcare company's stock price drop...
Aug 15, 2024
Philippines poverty rate at 15.5% in 2023, statistics agency says
MANILA (Reuters) - The Philippines' poverty rate dropped to 15.5% last year from 18.1% in 2021, with rising food prices limiting the reduction in the number of poor, the government's statistics agency...
Aug 15, 2024
Margin trading in Japanese stocks sharply shrinks after market rout
By Junko Fujita TOKYO (Reuters) - Trading using borrowed money, or margin trading, in Japan's stock market fell sharply last week as investors were forced to dump stocks during the Nikkei index's bigg...
Aug 15, 2024
EY, KPMG benefit most from PwC China's regulatory woes
By Julie Zhu and Xie Yu HONG KONG (Reuters) - Ernst & Young (EY) and KPMG have snapped up over half of PwC's corporate clients in China that have fled the market's leading accounting firm as it fa...
Aug 15, 2024
China's property investment falls 10.2% y/y in January-July
BEIJING (Reuters) - Property investment in China fell 10.2% in the first seven months from a year earlier, after dropping 10.1% in January-June, even as the government launched a slew of support measu...
Aug 15, 2024
N.J. governor will name former aide to replace US Sen. Menendez, New Jersey Globe reports
WASHINGTON (Reuters) - New Jersey Governor Phil Murphy will appoint his former chief of staff, George Helmy, to replace Democratic Senator Bob Menendez, who has said he will resign next week after bei...
Aug 15, 2024
Ukraine downs all 29 Russia-launched drones during overnight attack, air force says
KYIV (Reuters) - Ukraine's air force said on Thursday that it shot down all 29 Russia-launched drones over eight Ukrainian regions during an overnight attack, which officials said caused only minor da...
Aug 15, 2024
US fines T-Mobile $60 million over unauthorized data access
By Alexandra Alper and Eric Beech WASHINGTON (Reuters) -A powerful U.S. committee that scrutinizes foreign investment for national security risks fined T-Mobile $60 million, its largest penalty ever, ...
Aug 15, 2024
Asia stocks firm, dollar sags with US yields on Fed cut bets
By Kevin Buckland TOKYO (Reuters) - Asian stocks were firm on Thursday while the dollar remained on the back foot amid lower U.S. Treasury yields after benign consumer inflation data overnight reinfor...
Aug 15, 2024
China cbank injects $81 billion through reverse repos on Thursday
SHANGHAI (Reuters) - China's central bank said on Thursday that it has lent 577.7 billion yuan ($80.93 billion) through seven-day reverse bond repurchase agreements in an open market operation. The Pe...
Aug 15, 2024
