By Tetsushi Kajimoto and Kiyoshi Takenaka TOKYO (Reuters) -Top Japanese companies agreed to their largest pay increases in a quarter century at annual labour talks that wrapped up on Wednesday, heedin[...]
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March 15, 2023
European junk bond index hits three-month high; financials indices rise
LONDON (Reuters) – The cost of insuring exposure to European junk bonds hit its highest in three months on Wednesday, as shares in banking stocks plummeted following a 20% drop in embattled Swis[...]
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Swiss Google workers stage walkout as job cuts hit Europe
By Martin Coulter (Reuters) -Hundreds of Google employees staged a walkout on Wednesday at the company’s office in Zurich, Switzerland, after more than 200 workers were laid off. In January, Goo[...]
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Marketmind-Deep breaths as banks calm, but only a bit
A look at the day ahead in U.S. and global markets from Mike Dolan Hyperventilating world markets have finally caught their breath as the U.S. bank shock of the past week appeared to calm somewhat and[...]
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Zara owner Inditex invests in tech to speed future sales
By Corina Pons A CORUÑA, Spain (Reuters) – Zara owner Inditex said its spring-summer 2023 collection flew off shelves over the last six weeks but shares in the world’s biggest fashion reta[...]
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FedEx profit report to test company turnaround
By Kannaki Deka and Lisa Baertlein (Reuters) – Analysts expect FedEx Corp to post a sharp drop in quarterly profit on Thursday as demand retreats to prepandemic levels, and are asking whether th[...]
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Prudential says exposure to SVB minimal, sales to China travellers pick up
By Selena Li HONG KONG (Reuters) -Asia-focused insurer Prudential’s said its exposure to collapsed Silicon Valley Bank (SVB) is minimal, and expects little impact on its “conservative[...]
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BMW: e-fuels have highest impact for current fleet, not new cars
BERLIN (Reuters) – BMW Chief Executive Oliver Zipse said he viewed e-fuels as having the biggest impact for decarbonising transport if used in existing car fleets, rather than in new cars as was[...]
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Samsung Electronics to invest $230 billion through 2042 in South Korea chipmaking base
By Heekyong Yang and Joyce Lee SEOUL (Reuters) -South Korean tech giant Samsung Electronics expects to invest $230 billion over the next 20 years to develop what the country’s government called[...]
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