TOKYO – Japanese companies expect inflation to stay around the central bank’s 2% target for years to come, a survey showed on Friday, disagreeing with Bank of Japan Governor Haruhiko …
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By Niket Nishant and Abhijith Ganapavaram (Reuters) – U.S. mortgage lenders, refinancing companies and real-estate brokers may lay off thousands of employees in the coming months, industry sources said, as …
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By Federica Mileo and Diana Mandia (Reuters) -French catering and food services group Sodexo announced on Friday a reorganisation of its main on-site services business to improve effectiveness and said …
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By Aditi Shah NEW DELHI/SHANGHAI -General Motors (GM) said on Friday it had called off the sale of a shuttered Indian plant to China’s Great Wall Motor after they failed …
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FRANKFURT – Euro zone inflation hit yet another record high in June as price pressures broadened, and its peak could still be months away, firming the case for rapid European …
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By Liang-sa Loh TAIPEI -Taiwan’s economic fundamentals are good and investors should remain calm and rational, and not panic, Deputy Finance Minister Frank Juan told Reuters on Friday after a …
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LONDON – British manufacturing lost more momentum in June than first estimated as new orders contracted at the fastest rate in two years, according to a survey that adds to …
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By David Randall NEW YORK – Concerns about a possible U.S. recession are prompting some fund managers to rotate back into the big tech and growth winners of the last …
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LONDON – Euro zone manufacturing production fell last month for the first time since the initial wave of the coronavirus pandemic two years ago as higher prices and a darkening …
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SYRACUSE, NEW YORK – Adrian Esteras, 38, of Syracuse, NY was sentenced yesterday to serve 48 months in prison following his conviction for conspiring to distribute and possess with intent …
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ALBANY, NEW YORK – Daniel Higgs, age 39, of Kalamazoo, Michigan, was arrested yesterday and charged with attempting to entice a minor to engage in unlawful sexual activity. The announcement was …
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MILAN – Italy’s state-owned bad loan specialist AMCO said on Friday it had signed an agreement with lender Intesa Sanpaolo to purchase a portfolio of non-performing leasing credits with a …
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BERLIN – A sharp fall in new orders weighed on German manufacturing activity in June, darkening the outlook for Europe’s largest economy, a survey showed on Friday. S&P Global’s final …
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PARIS – A drop in new orders hit France’s manufacturing sector in June as months of high inflation and global logistics problems hurt demand, a survey showed on Friday. S&P …
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ROME – Italy’s manufacturing sector grew at the slowest pace in two years in June, a survey showed on Friday, as firms reported weak demand and increasingly downbeat expectations. The …
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LONDON – A market indicator measuring how investors are positioned held at “extremely bearish” levels for a third consecutive week as investors yanked more cash out of equities and bonds, …
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(Reuters) – South Australia’s gambling regulator said on Friday it would commission an independent review of Skycity Entertainment’s Adelaide casino, after probes in other states found shortcomings at rivals Crown …
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A look at the day ahead in markets from Sujata Rao. The good news is the 2022 first-half is behind us — just looking at U.S. markets, the world’s biggest, …
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MADRID – Factory activity in Spain grew in June at the slowest pace since January 2021 as a challenging economic environment, notably price increases, weighed on demand, a survey showed …
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MILAN – Italian supercar brand Lamborghini plans to invest at least 1.8 billion euros ($1.88 billion) to produce a hybrid lineup by 2024 and more to bring out its fully …
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MOSCOW – Russia’s manufacturing industry held steady in June, with a recovery in domestic demand softening the blow from a deepening export slump, a survey showed on Friday. The S&P …
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By Caroline Pailliez PARIS – Three times a week, Loris Foreman, a ground handling agent at Paris’ main international airport Roissy-Charles de Gaulle, drives to his workplace, coffee in hand, …
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Analysis-Japan widens FX watch to include risk of yen spike as U.S. recession fears mount
by ReutersBy Tetsushi Kajimoto and Leika Kihara TOKYO – Japanese policymakers worried about the yen sliding lower are increasingly also having to watch out for it rebounding, officials told Reuters, signalling …
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TOKYO – Apple Inc has hiked by nearly a fifth the cost of its flagship iPhone phone in Japan, which is battling a weakening yen currency and rising inflation. The …
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By Gayatri Suroyo and Stefanno Sulaiman JAKARTA – Indonesia’s central bank is in no rush to hike interest rates, its governor said on Friday, even as June consumer prices rose …