By Savyata Mishra (Reuters) – Target’s price cuts on groceries are finally paying off. The Minneapolis-based company has returned to comparable sales growth after several sluggish quarters[...]
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August 22, 2024
Morning Bid: King dollar’s crown is slipping
A look at the day ahead in U.S. and global markets by Dhara Ranasinghe. If the pressure on global markets from the tumult at the start of the month has abated, nobody told the dollar. The U.S. currenc[...]
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Trump anxiety spurs investment in European defence startups
By Martin Coulter LONDON (Reuters) -Donald Trump’s potential White House return has helped spur a flurry of investment in defence-technology startups across Europe, according to eight prominent[...]
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German business activity contracts in August, PMI shows
By Maria Martinez BERLIN (Reuters) – German business activity contracted in August for a second consecutive month and by more than expected, a preliminary survey showed on Thursday. The HCOB Ger[...]
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Volvo wins order for 300 electric trucks from DSV
COPENHAGEN (Reuters) – Sweden’s AB Volvo said on Thursday it had received an order for 300 electric trucks from Danish logistics firm DSV. The order, one of the largest electric ones for V[...]
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Bangladesh to hike interest rates to 9% in coming days to tame inflation, cbank chief tells BBC
(Reuters) – Bangladesh’s central bank will raise interest rates to 9% from 8.5% in the coming days in a bid to tame soaring inflation, the bank’s governor told the BBC in an intervie[...]
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Malaysia shines as foreign investors return, peers stumble
By Ankur Banerjee SINGAPORE (Reuters) – Malaysia is fast becoming a haven in Southeast Asia and foreign investors are returning to a long-overlooked market as a confluence of improving growth, s[...]
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Bank of Korea opens door to rate cuts as growth risks trump inflation
By Cynthia Kim and Jihoon Lee SEOUL (Reuters) -South Korea’s central bank kept interest rates unchanged on Thursday but revived expectations for an imminent policy easing that some economists se[...]
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Morning Bid: It’s beginning to look a lot like rate cuts
A look at the day ahead in European and global markets from Tom Westbrook With the vast majority of Fed policymakers ready to go on interest rate cuts, a global easing cycle beckons. Lower U.S. rates[...]
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