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Jersey Mike’s names Betsy Mercado as first chief people officer
Manasquan, NJ – Jersey Mike’s Subs has appointed Betsy Mercado as the company’s first-ever Chief People Officer, a newly created role aimed at guiding the brand’s people strategy as it accelerates nationwide…
Spice maker McCormick lifts profit forecast as higher prices cushion weaker demand
(Reuters) – McCormick on Tuesday raised its annual profit forecast as it expects higher prices for its spices and condiments to make up for slowing demand and a sluggish recovery in China…
Banks stocks back in vogue for hedge funds in September -Morgan Stanley
By Nell Mackenzie LONDON (Reuters) – Global hedge funds raced to load up on bullish positions in banks, insurance companies and capital markets as September drew to a close, Morgan Stanley said…
Brazil cenbank chief says rate cut pace ‘appropriate’ for the moment
By Fabricio de Castro SAO PAULO (Reuters) – Brazil’s current pace of interest rate cuts is “appropriate” for the moment, central bank chief Roberto Campos Neto said, after the monetary authority reduced…
Russian central bank: High rates likely needed throughout 2024
By Elena Fabrichnaya MOSCOW (Reuters) -Russia will probably need to keep interest rates high throughout 2024, the Bank of Russia’s Deputy Governor Alexei Zabotkin said on Tuesday, addressing the upper house of…
Analysis-Detroit’s strikes become an industrial ‘Survivor’ game
By Joseph White DETROIT (Reuters) – The United Auto Workers head into the 19th day of strikes with a bold strategy that places the Detroit Three automakers into a high-stakes game of…
Key moments leading up to FTX founder Sam Bankman-Fried’s trial
By Luc Cohen (Reuters) – Sam Bankman-Fried’s fraud trial, which is set to kick off on Tuesday, marks the culmination of a yearlong legal saga stemming from the dramatic collapse of the…
Explainer-What charges does Sam Bankman-Fried face over FTX’s collapse?
By Luc Cohen NEW YORK (Reuters) – Sam Bankman-Fried is set to go on trial on Tuesday on fraud and conspiracy charges related to the collapse of FTX, the now-bankrupt cryptocurrency exchange…
The crypto market still bears the scars of FTX’s collapse
By Hannah Lang and Elizabeth Howcroft (Reuters) – The global cryptocurrency market remains badly scarred following the tumultuous collapse of crypto exchange FTX and other big players last year, with crypto prices,…
Japan ex-FX diplomat: Yen’s slow fall makes imminent intervention less likely
By Tetsushi Kajimoto and Leika Kihara TOKYO (Reuters) – The slow pace of the yen’s recent fall makes imminent market intervention by Japanese authorities less likely than a year ago, when they…
Marketmind: This Fed’s not for turning
A look at the day ahead in U.S. and global markets by Mike Dolan If markets had been hoping the Federal Reserve might be minded to push back against the relentless rise…
Japan finance minister says volatility, not yen levels, key on intervention
By Tetsushi Kajimoto TOKYO (Reuters) – Japanese Finance Minister Shunichi Suzuki said on Tuesday that any decision on currency market intervention would be based on volatility, not specific yen levels, as investors…
Apple enforces new check on apps in China as Beijing tightens oversight
By Josh Ye HONG KONG (Reuters) – Apple has started requiring new apps to show proof of a Chinese government licence before their release on its China App Store, joining local rivals…
Sri Lanka likely to resume rate cuts Thursday to spur growth- Reuters poll
By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka’s central bank is expected to resume interest rate cuts on Thursday as it attempts to bolster a recovery from its worst economic crisis in…
High inflation clouds Philippine growth outlook in 2023, IMF says
By Mikhail Flores and Karen Lema MANILA (Reuters) -The Philippine economy is on track to expand this year, but probably at a slower clip, as stubbornly high inflation may warrant a “higher-for-longer…
Thai baht depreciation due to external factors, being monitored – central bank
BANGKOK (Reuters) – Thailand’s central bank said on Tuesday it was closely watching movement in the baht currency , which it said is a result of external factors and in line with…
ByteDance’s valuation slumps by a quarter in stock buyback – source
By Krystal Hu and Niket Nishant (Reuters) -China’s ByteDance is buying back shares from U.S. employees in a deal that values the TikTok parent company at $223.5 billion, about 26% lower than…
South Sudan president fires another central bank governor
JUBA (Reuters) – South Sudan’s President Salva Kiir has sacked central bank governor Johnny Ohisa Damian and other senior finance officials, state television announced, the second time he has removed a central…
Italy inflation could drop to 3.4% by year-end, minister says
ROME (Reuters) – Italy’s inflation rate could fall to 3.4% by the end of this year, far below the current level over 5%, thanks to measures to rein in prices of essential…
Further ECB rate hikes can’t be ruled out, Finland’s Valimaki says
HELSINKI (Reuters) – The European Central Bank has done enough for now to combat inflation but a further increase in interest rates later on cannot be ruled out, Bank of Finland board…
Portugal PM sees budget surplus in 2023, its second in almost 50 years
By Sergio Goncalves LISBON (Reuters) – The Portuguese government will end the year with a budget surplus, its second in almost five decades, compared with a deficit equivalent to 0.4% of gross…
World Bank maintains India current fiscal year growth forecast at 6.3%
By Nikunj Ohri and Manoj Kumar NEW DELHI (Reuters) -The World Bank on Tuesday maintained its forecast for India’s economic growth for the current fiscal year that started on April 1, saying…
Turkish inflation rises to 61.53% in September, near forecast
ISTANBUL (Reuters) -Turkish annual consumer price inflation climbed to 61.53% in September, official data showed on Tuesday, just below expectations and rising for a third consecutive month in response to recent tax…
Spain’s September jobless rise 0.73% from August to 2.72 million
(Reuters) – The number of people registering as jobless in Spain rose 0.73% in September from a month earlier, or by 19,768, leaving a total of 2.72 million people out of work,…
Sri Lankan economy to see growth next year after 3.8% contraction, says World Bank
By Uditha Jayasinghe COLOMBO (Reuters) -Sri Lanka’s economy is set to perform better than expected but still see a significant contraction in 2023 before growing next year, World Bank projections for the…
Hungary raises deficit gap, puts pressure on banks to boost lending
BUDAPEST (Reuters) – Hungary’s government has raised the 2023 budget deficit target to 5.2% of economic output from 3.9%, the finance ministry said on Tuesday, citing increased spending on pensions, energy subsidies…
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