(Reuters) – J.P.Morgan on Thursday cut its 2023 earnings forecast for S&P 500 companies, citing weaker demand and pricing power,…
Global manufacturing gloom dims UK activity: PMI survey
LONDON (Reuters) – British manufacturing activity fell for a fourth month in a row in November, as businesses faced the…
Hong Kong retail sales rise in October, outlook challenging
HONG KONG (Reuters) – Hong Kong’s retail sales rose in October helped by improved tourism from eased pandemic restrictions and…
China will move to protect its firms following U.S. telecoms ban
BEIJING (Reuters) – China opposes the U.S. Federal Communications Commission’s ban on new Chinese telecommunications equipment sales, the commerce ministry…
When the chips go up: Big banks bet on South Korea, Taiwan stocks for 2023
By Harish Sridharan (Reuters) – Global banks are turning bullish on South Korean and Taiwanese shares, expecting a revival in…
Euro zone banks not facing up to reality of downturn, ECB says
FRANKFURT (Reuters) – Euro zone banks have not yet fully faced up to the reality of an economic downturn, so…
Euro zone factory downturn eased in November, inflationary pressures moderated
LONDON (Reuters) – The downturn in manufacturing activity across the euro zone eased in November, according to a survey which…
Sam Bankman-Fried says he ‘didn’t ever try to commit fraud’
By Carolina Mandl NEW YORK (Reuters) -Sam Bankman-Fried, the founder and former CEO of now-bankrupt crypto exchange FTX, attempted to…
Credit Suisse’s fund outflows may spark M&A talk – JPMorgan
ZURICH (Reuters) – Continued client outflows at Credit Suisse could spark speculation of a takeover of the embattled Swiss bank…
Meta executive says holiday sales were earlier and bigger this year
(Reuters) – The head of Meta Platforms’ business group said on Wednesday that the holiday shopping season started earlier than…