By Sheila Dang (Reuters) – After a challenging 2022 in which advertising-dependent companies faced shrinking budgets and cratering stock prices,…
China boosts imports of fuel oil blended from Russian barrels
By Chen Aizhu and Jeslyn Lerh SINGAPORE (Reuters) – China’s independent refineries are ramping up imports of discounted fuel oil…
Cargo airlines have until July to move flights from Mexico’s capital airport
MEXICO CITY (Reuters) – Cargo airlines operating out of Mexico’s busiest airport will have until July to leave the hub,…
Hedge fund lobby group supports shareholder rights in Masimo case
By Svea Herbst-Bayliss NEW YORK (Reuters) – The hedge fund industry trade association MFA on Thursday backed an activist investment…
Investor Ryan Cohen takes stake in Nordstrom – WSJ
(Reuters) – Activist investor Ryan Cohen is racking up a sizable stake in Nordstrom Inc and plans to urge the…
Qualcomm sees earnings below Street as smartphone market sags
By Chavi Mehta and Jane Lanhee Lee BENGALURU/OAKLAND, Calif (Reuters) – Qualcomm Inc forecast second-quarter revenue and profit below Wall…
Starbucks’ grande-sized sales drop in China squeezes profits
By Deborah Mary Sophia and Hilary Russ (Reuters) -Starbucks’ quarterly sales decline in China was four times worse than the…
RBA to lift rates 25 bps on Feb 7, once more to 3.60% in March: Reuters poll
By Devayani Sathyan and Sujith Pai BENGALURU (Reuters) – The Reserve Bank of Australia will deliver a fourth successive quarter-point…
Amazon’s outlook disappoints as customer budgets stay tight
By Jeffrey Dastin and Tiyashi Datta (Reuters) – Amazon.com Inc on Thursday said its operating profit could fall to zero…
Indonesia’s economy likely lost some steam in Q4: Reuters poll
By Veronica Dudei Maia Khongwir BENGALURU (Reuters) – Indonesia’s economic growth likely slowed in the fourth quarter as declining commodity…