Author Archives: Syndicated Content
China to step up policy adjustments, focus on demand: Politburo
BEIJING (Reuters) - China will step up macroeconomic policy adjustments and focus on expanding domestic demand, the Politburo, a top decision-making body of the ruling Communist Party, said on Monday,...
Jul 24, 2023
Explainer-What is the ‘Basel III endgame’ and why are banks worked up about it?
By Pete Schroeder WASHINGTON (Reuters) - U.S. banking regulators will on Thursday unveil a sweeping proposal for stricter bank capital requirements known as the "Basel III endgame" aimed at ensuring t...
Jul 24, 2023
Wall St sees bargains, lure of Europe buoying cruise, hotel earnings
By Doyinsola Oladipo NEW YORK (Reuters) - The post-pandemic rebound of international travel, particularly to Europe, is expected to be a bright spot for hotels and cruise operators this quarter on Wal...
Jul 24, 2023
Domino’s Pizza misses revenue estimates as higher prices dent demand
(Reuters) -Domino's Pizza missed Wall Street estimates for quarterly revenue on Monday, as elevated delivery fees and higher prices dented demand for its pizzas and chicken wings. Similar to other res...
Jul 24, 2023
‘Barbie’ buzz likely just a flash in the pan for toymaker Mattel
By Savyata Mishra (Reuters) - The fanfare around Margot Robbie-starrer "Barbie" could jolt the iconic Mattel doll's sales out of a year-long slump, but Wall Street thinks the party in pink will be sho...
Jul 24, 2023
Meta’s Threads could lure ads from Twitter but it’s early days, analysts say
By Akash Sriram, Samrhitha A and Sheila Dang (Reuters) - Threads, Meta Platform's broadside to Twitter, is seen by some advertisers as less contentious and more predictable than Elon Musk's platform, ...
Jul 24, 2023
Smaller miners’ hunger for cash grows as copper prices fall, sparking M&A bets
By Divya Rajagopal and Melanie Burton TORONTO/SYDNEY - A fall in copper prices is having an outsized impact on small and mid-sized miners, forcing many to cut output, and some are now open to raising ...
Jul 24, 2023
Taiwan’s Foxconn to take 50% stake in ZF axle system unit
BERLIN (Reuters) - Taiwan's Foxconn will acquire a 50% stake in ZF Group's axle system assembly unit, creating a joint venture aimed at growing automotive and supply chain opportunities, the companies...
Jul 24, 2023
Big Tech looks to turn the corner on cloud as AI focus stays strong
By Yuvraj Malik and Aditya Soni (Reuters) - U.S. tech giants could signal an end to the nearly year-long slowdown in their cloud businesses as signs of economic resilience encourage clients to boost t...
Jul 24, 2023
ClientEarth loses bid to revive UK shell lawsuit over climate strategy
LONDON (Reuters) - Environmental law charity ClientEarth on Monday lost its bid to revive its landmark lawsuit against Shell over its climate strategy, as London's High Court refused permission to bri...
Jul 24, 2023
