By Jody Godoy (Reuters) – The U.S. Federal Trade Commission will probe why grocery prices remain high even as costs for retailers fall, Chair Lina Khan said on Thursday, a key theme for the Bide[...]
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August 1, 2024
Analysis-China needs more than ‘incremental’ consumer stimulus longer term
HONG KONG (Reuters) – China’s efforts to boost household spending are expected to help the economy hit the government’s 2024 growth target of roughly 5%, but the authorities may have[...]
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Morning Bid: Markets wilt as growth fears slam yields
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. Falling bond yields and the prospect of lower interest rates may have helped fuel investors’ animal spirits and the[...]
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South Korea inflation ticks up in July after three months of weakening
SEOUL (Reuters) -South Korea’s consumer inflation ticked up in July on supply-side pressures after weakening for three straight months, official data showed on Friday, coming in slightly higher[...]
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BOJ governor’s hawkish streak signals more hikes to come
By Leika Kihara TOKYO (Reuters) -Once seen as a cautious policy dove, Bank of Japan Governor Kazuo Ueda is now presenting himself as a determined hawk who’s not afraid to lift interest rates a f[...]
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Motorola Solutions raises annual revenue and profit above estimates on strong demand for its security services
(Reuters) – Motorola Solutions raised its full-year revenue and profit forecast and beat quarterly results on Thursday, as it sees robust demand for its safety and enterprise security services.[...]
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Walgreens further reduces stake in Cencora
(Reuters) -Walgreens Boots Alliance said on Thursday it has sold shares in drug distributor Cencora for proceeds of about $1.1 billion. Walgreens’ ownership of Cencora has now decreased from abo[...]
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Consolidated Edison beats second-quarter profit estimates
(Reuters) – Electric and gas utility Consolidated Edison beat second-quarter profit estimates on Thursday, as customers cranked up air conditioners and refrigerators during hotter weather. The c[...]
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Coterra Energy misses profit estimates on weak natural gas prices
(Reuters) -U.S. oil and gas producer Coterra Energy missed analysts’ estimates for second-quarter profit on Thursday, hurt by subdued natural gas prices. U.S. natural gas prices have tumbled thi[...]
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