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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…
ECB’s Lane says wages keeping up domestic inflation
FRANKFURT (Reuters) – Rising wages in the euro zone are keeping up domestic inflation in the euro area but salary growth should moderate in the coming months, European Central Bank chief economist…
Indonesia central bank intervenes to defend rupiah, open to buying bonds
By Stefanno Sulaiman and Gayatri Suroyo JAKARTA (Reuters) – Indonesia’s central bank has intervened in the foreign exchange market to manage the supply and demand of U.S. dollars amid market turbulence that…
Hedge funds see Mexico and Ecuador as China alternatives
By Nell Mackenzie, Carolina Mandl and Marc Jones LONDON (Reuters) – Geopolitical tensions and a weakening economy are driving hedge funds to consider alternatives to investing in China. Turmoil in China’s property…
Ryanair traffic grows 9% in September to 17.4 million
DUBLIN (Reuters) – Ryanair flew 9% more passengers in September than in the same month last year, Europe’s largest airline by passenger numbers said on Tuesday. The Irish airline said it flew…
Hungarian govt wants banks cap loan rates below central bank’s benchmark rate
BUDAPEST (Reuters) – Hungary’s government has asked banks to impose a voluntary cap on interest rates on new loans for households and companies from Oct. 9 to boost lending and support economic…
Evergrande shares volatile as trade resumes amid chairman probe
HONG KONG (Reuters) -Shares of China Evergrande jumped as much as 42% in volatile trade on Tuesday, days after the embattled developer said its billionaire founder was being investigated over unspecified crimes.…
Cryptoverse: ‘It’s a knife fight’ as traders get tokenized
By Medha Singh and Lisa Pauline Mattackal (Reuters) – Bitcoin? It’s a bit old hat, say a cohort of crypto investors who are betting on blockchain technology breathing new life into traditional…
India’s factory growth eased in September but remained strong -PMI
BENGALURU (Reuters) – India’s factory activity expanded at the slowest pace in five months in September but remained solid, with strong demand driving business confidence to its highest level this year, despite…
Indonesia central bank intervenes to balance FX supply-demand, build market confidence-official
JAKARTA (Reuters) – Indonesia’s central bank kept a presence in the foreign exchange market to maintain a supply-demand balance and build market confidence, an official said on Tuesday, using a phrase the…
Marketmind: Dollar strength keeps yen under pressure
A look at the day ahead in European and global markets from Ankur Banerjee Traders remain in vigilance mode over the prospects for Japanese currency intervention as the yen crawls ever so…
Egypt’s non-oil activity contracts in September as backlogs rise -PMI
CAIRO (Reuters) – Egypt’s non-oil private sector shrank for the 34th straight month in September as a slowdown at ports and low consumer demand caused company backlogs to jump at the fastest…
Singapore seen holding monetary policy in delicate balancing act
By Chen Lin SINGAPORE (Reuters) – Singapore is likely to leave monetary policy unchanged this month, as the city-state grapples with a weak economic outlook and persistent price pressures. All 15 analysts…
Australia’s central bank stands pat for 4th month in Bullock’s first policy review
By Stella Qiu SYDNEY (Reuters) – Australia’s central bank held interest rates steady on Tuesday for a fourth month, but again warned that further tightening might be needed to bring inflation to…
TEXT-Australia central bank October statement on rates
SYDNEY, Oct 3 (Reuters) – Following is the text of the Reserve Bank of Australia’s statement on Tuesday after its monthly monetary policy meeting. At its meeting today, the Board decided to…
New Zealand starts new tourism campaign as post-COVID visits lag
By Lucy Craymer WELLINGTON (Reuters) – New Zealand is launching a new tourism campaign with Kiwi director and actor Taika Waititi to attract visitors after the sector was hammered by COVID-19 and…
Fed policymakers see rates staying high for ‘some time’
By Ann Saphir (Reuters) -U.S. Federal Reserve officials say that monetary policy will need to stay restrictive for “some time” to bring inflation back down to the Fed’s 2% target, but their…
Fed’s Mester says one more U.S. rate hike may be needed
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of Cleveland President Loretta Mester said Monday that the U.S. central bank most likely isn’t done raising interest rates amid ongoing…
At WTO, growing disregard for trade rules shows world is fragmenting
By Philip Blenkinsop (Reuters) – Nothing illustrates the crisis at the World Trade Organization more than the piling up of unresolved disputes and the growing list of what it terms the “trade…
Exclusive-Bezos’ Blue Origin expects split on space station partnership -sources
By Joey Roulette WASHINGTON (Reuters) -Blue Origin, the aerospace company founded by billionaire Jeff Bezos, expects to break up a corporate partnership formed years ago to build a commercial space station, reassigning…
What would Japanese intervention to boost the weak yen look like?
By Leika Kihara TOKYO (Reuters) -Japanese authorities are facing renewed pressure to combat a sustained depreciation in the yen, as investors eye prospects of higher-for-longer U.S. interest rates while the Bank of…
Delta says some overhauled engines contain parts with improper documentation
(Reuters) – Delta Air Lines on Monday said it had been informed by one of its service providers that a “small number” of overhauled engines contain parts that do not meet documentation…
Carlyle pulls back from US consumer bets as part of strategic overhaul -source
By Anirban Sen (Reuters) -Private equity firm Carlyle Group plans to pull back from investing in U.S.-based consumer, media and retail companies as it looks to focus on other key sectors such…
GM, Ford furlough another 500 workers due to UAW strike
By David Shepardson (Reuters) -General Motors and Ford Motor on Monday said they are laying off another 500 workers at four Midwestern plants because of the impact on some of the facilities…
Visa launches $100 million venture fund for generative AI startups
(Reuters) – Payments processor Visa on Monday launched a $100 million venture fund for generative artificial intelligence (AI) startups, joining a list of investors who have flocked to the sector this year.…
Explainer-How Bill Ackman’s SPARC differs from a SPAC
By Svea Herbst-Bayliss NEW YORK (Reuters) – Bill Ackman’s new investment vehicle, Pershing Square SPARC Holdings Ltd, marks a departure from special purpose acquisition companies (SPACs), which have lost favor on Wall…
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