BEIJING (Reuters) – China’s services activity in January expanded for the first time in five months as spending and travel…
Big Tech earnings show digital ads market not out of the woods
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…