By Josh Horwitz SHANGHAI (Reuters) – Optimism among U.S. businesses in China has hit record low levels, an annual survey…
RBA to stick with modest rate hikes despite hot inflation: Reuters poll
By Devayani Sathyan BENGALURU (Reuters) – The Reserve Bank of Australia will raise interest rates by a more modest 25…
Macquarie sees more commodities unit strength after profit jumps
By Jaskiran Singh (Reuters) -Australia’s Macquarie on Friday forecast stronger short-term income from its commodities trading business, after the unit…
Consumer inflation in Japan’s capital hits 33-year high
By Takahiko Wada and Leika Kihara TOKYO (Reuters) – Core consumer prices in Japan’s capital, a leading indicator of nationwide…
Intel trims full-year forecast, battered shares rise
By Chavi Mehta and Jane Lanhee Lee (Reuters) -Chipmaker Intel Corp on Thursday cut its full-year profit and revenue forecast…
Volkswagen, Continental announce nearly $1 billion in Mexico investments
MEXICO CITY (Reuters) – Auto manufacturing companies Volkswagen and Continental both pledged major investments in Mexico on Thursday totaling nearly…
Pinterest soars as revenue beat stands out in social media gloom
By Vansh Agarwal and Shreyaa Narayanan (Reuters) -Pinterest Inc beat estimates for quarterly revenue on Thursday, making it a rare…
PetroChina Jan-Sept net income up 60% at record $16.7 billion
By Chen Aizhu SINGAPORE (Reuters) -Asia’s largest oil and gas producer PetroChina Co Ltd reported a 60% year-on-year rise in…
S&P 500, Nasdaq slide, while Dow ends higher on mixed earnings picture
By Stephen Culp NEW YORK (Reuters) – The S&P 500 and the Nasdaq posted losses on Thursday, as investors contended…
ECB raises interest rates again, cuts bank subsidies
By Balazs Koranyi and Francesco Canepa FRANKFURT (Reuters) – The European Central Bank raised interest rates again on Thursday and…