By Uday Sampath Kumar (Reuters) -Target Corp forecast a surprise drop in holiday-quarter sales on Wednesday, blaming surging inflation and “dramatic changes” in consumer spending for a dro[...]
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Updated
U.S. watchdog gained “good access” to audits of Chinese firms -sources
By Xie Yu, Chris Prentice and Julie Zhu HONG KONG/WASHINGTON (Reuters) – U.S. regulators gained “good access” in their review of auditing work done on New York-listed Chinese firms d[...]
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UK inflation hits 41-year high as Hunt readies tough budget
By Andy Bruce and William Schomberg LONDON (Reuters) – Surging household energy bills and food prices pushed British inflation to a 41-year high, data showed a day before finance minister Jeremy[...]
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Europe’s STOXX 600 drops 1% on Mercedes drag; Target outlook weighs on retailers
By Shreyashi Sanyal and Devik Jain (Reuters) -Europe’s STOXX 600 index snapped a four-day winning streak on Wednesday, led by losses in shares of Mercedes Benz Group, while a dour forecast from[...]
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Zurich Insurance sets more ambitious financial targets
By Carolyn Cohn and Michael Shields ZURICH/LONDON (Reuters) -Zurich Insurance Group set more ambitious financial targets for the next three years on Wednesday as insurers benefit from rising premium r[...]
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Dollar weighed by easing Polish tensions, supported by U.S. data
By Sinéad Carew and Alun John NEW YORK/LONDON (Reuters) – The euro pulled higher against the dollar and the yen on Wednesday as concerns about a missile strike in Poland eased but the dollar gai[...]
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Trump’s 2024 presidential bid a fresh wrinkle for markets
By David Randall NEW YORK (Reuters) -Former President Donald Trump’s entry on Tuesday into the 2024 presidential race confirmed the world’s “worst kept secret” and created anot[...]
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TJX lifts sales forecast on demand for discounted apparel, home goods
By Ananya Mariam Rajesh (Reuters) – TJX Cos Inc raised annual same-store sales forecast and beat quarterly profit estimates on Wednesday, as cash-strapped consumers turn to the discount store fo[...]
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Lowe’s boosts 2022 profit view as price hikes, firm demand drive upbeat Q3
By Deborah Mary Sophia (Reuters) -Lowe’s Cos Inc raised its annual profit forecast on Wednesday, betting on record consumer savings and rising mortgage rates to fuel home improvement trends even[...]
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