(Reuters) – A look at the day ahead in U.S. and global markets from Mike Dolan July is heating up and cooling down at the same time – and it’s not just the extraordinary weather. Red[...]
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Regulator says found no animal welfare breaches at Musk firm beyond 2019 incident
By Marisa Taylor (Reuters) – The head of the U.S. agency responsible for animal welfare has told lawmakers that it did not find any violations of animal research rules at Elon Musk’s Neura[...]
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Why China could become the luxury industry’s next sore spot
By Casey Hall and Mimosa Spencer SHANGHAI/PARIS (Reuters) -The luxury goods industry has relied heavily on China and North America for growth in recent years, but latest Chinese economic figures and a[...]
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China’s digital yuan transactions seeing strong momentum, says cbank gov Yi
By Rae Wee SINGAPORE (Reuters) – Transactions using China’s digital yuan hit 1.8 trillion yuan ($249.33 billion) at end-June, the country’s central bank governor Yi Gang said on Wedn[...]
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Volkswagen’s efforts to boost valuation stifled by lack of succession plan
By Jan Schwartz and Victoria Waldersee HAMBURG/BERLIN (Reuters) – As Volkswagen regears its strategy around boosting stock market value, investors warned its efforts would be wasted if it does n[...]
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UK’s high inflation cools, offering some relief to Bank of England
By William Schomberg and Andy Bruce LONDON (Reuters) -Britain’s high rate of inflation fell by more than expected in June and was its slowest in over a year at 7.9%, according to data that will[...]
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Consolidation in wealth management industry to accelerate, Citi survey finds
By Xie Yu HONG KONG (Reuters) – Consolidation within the global wealth management sector will speed up while managers continue to face regulatory challenges, a report based on a global survey by[...]
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Truck maker Volvo’s quarterly profit surges, beats estimates
By Marie Mannes STOCKHOLM (Reuters) -Swedish truckmaker AB Volvo on Wednesday logged a better-than-expected 57% jump in second-quarter adjusted operating profit, helped by price hikes. “We have[...]
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Australia’s Westpac splits consumer and business banking unit into two
(Reuters) – Westpac Banking Corp on Wednesday said it would split its consumer and business banking business into two, with each having its own CEO, effective Aug. 1. The bank said Chris de Brui[...]
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