By Rodrigo Campos NEW YORK (Reuters) – The International Monetary Fund will continue to be supportive of progressive tax reforms…
Logistics startup Flexport plans hiring spree, to double engineers in 2023
By Krystal Hu (Reuters) – Flexport, one of the most valuable logistics startups, is looking to add about 400 engineers…
Estee Lauder cuts forecasts on China curbs, tightening inventories
(Reuters) -Estee Lauder Cos Inc cut its full-year forecasts on Wednesday ahead of the crucial holiday season, blaming lockdowns in…
Sodexo sees demand for catering and vouchers lifting margins
By Diana Mandia (Reuters) -Sodexo expects its operating profit margin to rise to over 6% in 2025 as more companies…
Tesla closes its first showroom in China in retail strategy shift – sources
SHANGHAI/BEIJING (Reuters) -Electric vehicle giant Tesla has closed what had been its flagship showroom in China, a move sources described…
Yum Brands beats sales estimates as customers flock to KFC, Taco Bell
(Reuters) -Yum Brands Inc beat Wall Street estimates for quarterly comparable sales on Wednesday, as its value-oriented offerings at KFC…
Asian equities receive meagre inflows in October amid recession worries
By Gaurav Dogra (Reuters) – Asian equities saw meagre inflows in October after massive selling in the previous month, and…
AMD shares rise as chipmaker sees data center strength cushioning PC slowdown
(Reuters) – Chipmaker Advanced Micro Devices Inc snatched more share in the lucrative data center market from rival Intel Corp…
Paramount misses revenue estimates on ad weakness
(Reuters) – Paramount Global fell short of analysts’ estimates for quarterly revenue on Wednesday, as the media and entertainment company…
Hong Kong, struggling to revive hub status, sells ‘China advantage’ to global banks
By Selena Li, Kane Wu and Xie Yu HONG KONG (Reuters) – Hong Kong and Chinese officials on Wednesday touted…