By Jonathan Cable LONDON (Reuters) – The European Central Bank will take its deposit rate up by 50 basis points…
India inflation likely softened to nine-month low in November: Reuters poll
By Anant Chandak and Milounee Purohit BENGALURU (Reuters) – India consumer price inflation likely cooled to a nine-month low of…
Meta battles U.S. antitrust agency over future of virtual reality
By Katie Paul and Diane Bartz SAN JOSE, Calif./ WASHINGTON (Reuters) -The Biden administration on Thursday accused Meta Platforms Inc…
Oil prices slump as receding price-cap threat unmasks worsening demand: Kemp
By John Kemp LONDON (Reuters) -Global oil prices have tumbled more than 20% as the threat to production from the…
Apple supplier Foxconn’s founder pushed China to ease COVID curbs – WSJ
(Reuters) -Apple supplier Foxconn’s founder Terry Gou had warned China that the government’s zero-COVID stance would threaten the position of…
Hedge fund Third Point adds Bath & Body Works stake, seeks board changes
By Svea Herbst-Bayliss NEW YORK (Reuters) -Hedge fund Third Point has built a stake of just over 6% in Bath…
S&P 500, Nasdaq snap losing streaks after jobless claims rise
By David French (Reuters) – The S&P 500 ended higher on Thursday, snapping a five-session losing streak, as investors interpreted…
When market forecasters should earn their spurs: McGeever
By Jamie McGeever ORLANDO, Fla. (Reuters) -When Yogi Berra famously said it’s difficult to make forecasts, especially about the future,…
Yellen: U.S. can avoid recession, on ‘right track’ to lower inflation
By Andrea Shalal FORT WORTH, Texas (Reuters) – The United States can avoid a recession, given that there is no…
U.S. heading into shallow recession, no respite from rate hikes yet: Reuters poll
By Indradip Ghosh BENGALURU (Reuters) – The U.S. economy is heading into a short and shallow recession over the coming…