(Reuters) -Singapore’s competition watchdog asked ride-hailing firm Grab and Trans-cab for solutions to address competition concerns following a deal last year to buy the taxi operator. Grab is[...]
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July 11, 2024
Japanese yen surges, ringing intervention alarm bells
LONDON (Reuters) -The Japanese yen surged nearly 3% on Thursday in its biggest daily rise since late 2022, a move that local media attributed to a round of official buying to prop up a currency that h[...]
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India’s TCS beats Q1 view, flags persistent demand uncertainty
By Sai Ishwarbharath B and Haripriya Suresh BENGALURU (Reuters) -Tata Consultancy Services, India’s top IT services company, said despite slightly surpassing first-quarter revenue estimates, it[...]
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US court’s reversal of ‘Chevron deference’ may limit investments in EVs, safer chemicals, Jefferies says
(Reuters) – The U.S. Supreme Court’s recent decision to overturn a 1984 precedent, which allowed government agencies to interpret unclear laws, could curb investments in electric vehicles[...]
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Housing crisis in Spain’s cities drives rise in homelessness as tourism booms
By Corina Pons MADRID (Reuters) – Francisco Carrillo sobbed with relief as he lay on the bed in his new apartment in Madrid provided by a charity after three years of sleeping rough in the backr[...]
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Why has Japan not intervened yet to support yen?
SINGAPORE/TOKYO (Reuters) – The yen has been sliding to fresh 38-year lows day by day, with market participants on alert for Japanese authorities to step in again, as they did in March, to defen[...]
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Inside Goldman Sachs’ expanding but risky financing engine
By Saeed Azhar and Paritosh Bansal NEW YORK (Reuters) -A Goldman Sachs bet put in place in 2021 on lending to private funds has helped drive record revenues in fixed-income financing. Now, the Wall St[...]
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Portfolio managers expect worse credit conditions in Q3, survey shows
By Matt Tracy (Reuters) – Portfolio managers at the world’s largest global financial institutions expect credit conditions to worsen over the next three months, according to a survey by th[...]
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Faster UK economy growth gives gift to new government
By Andy Bruce (Reuters) -Britain’s economy grew more quickly than expected in May, providing some momentum for the new government of Prime Minister Keir Starmer but adding to doubts about whethe[...]
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