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…
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…
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…
Alphabet disappoints on sales as ad business slips after pandemic run-up
By Greg Bensinger and Nivedita Balu (Reuters) -Alphabet Inc on Thursday posted fourth-quarter profit and sales short of Wall Street…
Apple forecasts another drop in revenue, proclaims iPhone production problems over
By Stephen Nellis (Reuters) – Apple Inc on Thursday forecast that revenue would fall for a second quarter in a…
Japan Jan services activity growth at three-month high – PMI
TOKYO (Reuters) – Japan’s services sector activity grew at its fastest pace in three months in January, but worsening inflation…
Exclusive-Adani made scheduled U.S. bond payments, to release credit report Friday -sources
By Aditya Kalra and Davide Barbuscia NEW DELHI/NEW YORK (Reuters) – Adani Group entities made scheduled coupon payments on outstanding…
Brazil’s Lula threatens central bank autonomy after hawkish words
By Maria Carolina Marcello BRASILIA (Reuters) -Brazilian President Luiz Inacio Lula da Silva on Thursday issued his latest threat to…