By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits fell again last week, pointing to sustained labor market strength and adding to finan[...]
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March 2, 2023
Salesforce shares climb as forecast, buyback plan allay activist concerns
(Reuters) -Salesforce Inc’s shares jumped 14% on Thursday after the cloud-based software provider gave an upbeat full-year profit forecast and doubled its share repurchase program, placating act[...]
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Elon Musk’s ‘Master Plan’ for Tesla fails to charge up investors
By Nivedita Balu and Akash Sriram (Reuters) – Tesla Inc’s shares fell about 7% on Thursday, after Chief Executive Elon Musk and team’s nearly four-hour presentation failed to impress[...]
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Ford recalls 98,500 Ranger trucks over replacement air bag inflators
By David Shepardson WASHINGTON (Reuters) -Ford Motor Co said it is recalling 98,500 older Ranger pickup trucks in the United States because replacement front passenger air bag inflators may have been[...]
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Pakistan central bank raises key policy rate by 300 bps to 20%
By Ariba Shahid and Asif Shahzad KARACHI, Pakistan (Reuters) -Pakistan’s central bank raised its key interest rate by 300 basis points on Thursday, exceeding investor expectations, as the cash-s[...]
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Sticky inflation fuels some of ECB’s worst fears
By Balazs Koranyi FRANKFURT (Reuters) – A surprise surge in underlying inflation across the 20-nation euro zone bolstered bets for more oversized European Central Bank rate hikes this spring, wi[...]
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US fourth-quarter labor costs revised higher; productivity growth lowered
WASHINGTON (Reuters) – U.S. labor costs grew faster than initially thought in the fourth quarter, though the pace has slowed from the prior quarters. Unit labor costs – the price of labor[...]
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Finnair turns to US, Middle East ahead of busy summer
By Anne Kauranen and Joanna Plucinska LONDON/HELSINKI (Reuters) – Finnair is gearing up for a pivotal summer season as it turns to the Middle East and the United States to make up for a fall in[...]
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Pakistani rupee touches record low, bonds fall as IMF talks drag
By Asif Shahzad and Ariba Shahid ISLAMABAD (Reuters) -Pakistan’s rupee touched a record low and its dollar bonds slumped on Thursday as the country struggles to unlock critical IMF funding, whil[...]
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