BERLIN (Reuters) -German industrial orders saw their sharpest drop in more than a year in November on falling foreign demand, decreasing by 5.3% on the month on a seasonally and calendar adjusted basi[...]
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January 6, 2023
McDonald’s Japan hikes prices for 3rd time in 10 months on surging costs
By Rocky Swift TOKYO (Reuters) – The Japanese operator of McDonald’s restaurants announced its third price hike in less than a year on Friday in the latest sign of compounding inflationary[...]
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Japan’s Nov real wages fall most in 8 years, defying BOJ objective
By Kaori Kaneko and Tetsushi Kajimoto TOKYO (Reuters) – Japan reported on Friday its worst real-wage decline in more than eight years, with November data highlighting the elusiveness of the cent[...]
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Sodexo tops Q1 sales estimates as people return to offices
(Reuters) -French caterer Sodexo on Friday beat market estimates for first-quarter sales, as a return to the workplace and other venues helped its On-site business surpass pre-pandemic levels, while p[...]
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Surging recovery bets on China stocks face reality check
By Jason Xue and Tom Westbrook SHANGHAI/SINGAPORE (Reuters) – Chinese investors are doubling down on economic recovery bets, with a flurry of new fund launches this week riding on optimism about[...]
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Stock swoon resets valuations but recession risk, rates cloud outlook
By Lewis Krauskopf NEW YORK (Reuters) – U.S. stocks are starting 2023 at much cheaper levels after Wall Street’s biggest swoon in 14 years but the potential for a recession combined with h[...]
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U.S. securities regulator probes FTX investors’ due diligence -sources
By Chris Prentice NEW YORK (Reuters) -The U.S. Securities and Exchange Commission (SEC) is seeking details about FTX investors’ due diligence, according to two sources familiar with the inquiry,[...]
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China may ease ‘three red lines’ property rules – Bloomberg News
(Reuters) – China is planning to relax restrictions on borrowing for property developers to support the troubled sector by dialing back the “three red lines” policy, Bloomberg News r[...]
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South Korea’s SK On plans a new, lower cost EV battery by 2025
By Joseph White LAS VEGAS (Reuters) – South Korea’s SK On plans to produce a new, lithium-iron-phosphate electric vehicle battery by 2025 as part of an effort to deliver lower-cost batteri[...]
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