(Reuters) – Index provider MSCI said on Monday it will acquire the remaining 66% of Burgiss Group, a New Jersey-based provider of data and analytics solutions for investors, for $697 million in[...]
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August 14, 2023
Target set to post first quarterly revenue drop in six years as consumers cut spending
By Granth Vanaik (Reuters) – Target is expected to post its first quarterly drop in revenue in about six years when it reports results on Wednesday, as the big-box retailer reels from a shift in[...]
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Apple supplier Foxconn cautious despite beating earnings forecasts
By Sarah Wu and Faith Hung TAIPEI (Reuters) -Apple supplier Foxconn beat estimates for second-quarter earnings on Monday thanks to a booming artificial intelligence sector but retained a cautious outl[...]
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Airlines, hotels branch out with experiences to lure travelers
By Doyinsola Oladipo NEW YORK (Reuters) – Casino operator MGM Resorts International is finding Formula One’s inaugural stop in Las Vegas is as much of a draw as its slot machines this year[...]
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Bank of China starts nationwide move to reduce salary gap among employees, manager levels -sources
BEIJING (Reuters) – Bank of China Ltd, China’s fourth-largest lender by assets, has launched a countrywide exercise to reduce the salary gaps among its employees and mid- and high-level ma[...]
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A smooth ‘last mile’ to 2% inflation may not be a stretch for Fed
By Howard Schneider WASHINGTON (Reuters) – Pessimists watching the Federal Reserve battle inflation have focused on the so-called “last-mile” problem, convinced a full return to the[...]
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Marketmind: Bonds bruised, China stocks and rouble sink
A look at the day ahead in U.S. and global markets from Mike Dolan A bruising August for bonds continues to unsettle world markets deep into summer holiday season, with China’s ailing property s[...]
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Credit Suisse retail investors plan lawsuit challenging UBS buyout- FT
(Reuters) – Retail investors who lost money when Credit Suisse was taken over by UBS in March plan to file a lawsuit challenging the buyout, the Financial Times reported on Sunday. The Swiss Inv[...]
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Instant view: Russia’s rouble weakens past 100 per US dollar
The Russian rouble fell past the psychologically key 100 per U.S. dollar threshold for the first time since March last year on Monday. President Vladimir Putin’s economic advisor said Russia was[...]
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