GANDHINAGAR, India (Reuters) – Global economic activity is slowing, especially in the manufacturing sector, and medium-term growth prospects remain weak, the chief of the International Monetary[...]
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Economy
Novartis raises 2023 forecast, maps out Sandoz spin-off
By Ludwig Burger FRANKFURT (Reuters) -Novartis on Tuesday raised its full-year earnings forecast for the second time on strong drug sales and mapped out the planned separation and stock market debut o[...]
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Yellen sees disinflation pressures at work as hiring surge fades – Bloomberg News
(Reuters) – U.S. Treasury Secretary Janet Yellen said a cooling — but not faltering — labor market is playing a leading role in helping slow inflation, among a raft of factors imposing disinflat[...]
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Court rules against Uber in major win for California workers
By Daniel Wiessner (Reuters) – Uber Technologies Inc must face a California lawsuit claiming it should have covered UberEats drivers’ work-related expenses, the state’s top court sai[...]
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BNY Mellon beats second-quarter profit estimates on higher rates
(Reuters) – Bank of New York Mellon Corp beat Wall Street targets for second-quarter profit on Tuesday as the U.S. Federal Reserve’s aggressive policy tightening boosted income earned from[...]
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Marketmind: Retail, housing and banks test jaunty July
A look at the day ahead in U.S. and global markets from Mike Dolan The benign July investment environment gets tested on Tuesday by updates on U.S. retail sales and housing while the corporate earning[...]
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Germany’s ProSiebenSat. 1 to cut 400 jobs in push towards digital
BERLIN (Reuters) -German media group ProSiebenSat.1 will cut 400 full-time positions, the company said on Tuesday, as part of restructuring measures focusing on its entertainment activities. “Th[...]
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Ocado jumps on return to first-half underlying profit
By James Davey LONDON (Reuters) -Ocado, the British online supermarket and technology group, returned to underlying profit in its first half and stuck to its guidance, saying its retail operation won[...]
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Evergrande’s liabilities, depleted coffers raise business viability concerns
By Clare Jim HONG KONG (Reuters) – China Evergrande Group’s huge liabilities and diminishing cash disclosed in its long-overdue reports for the past two years raises questions about the vi[...]
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