A look at the day ahead in markets from Sujata Rao. If market concerns have moved on from inflation to economic recession, there is no sign central banks are listening. Bank of England governor Andrew Bailey made it clear where his priorities lie, pledging to bring inflation back to target “no ifs or buts”, even …
By Norihiko Shirouzu (Reuters) – Panasonic Energy Co, a major Tesla supplier, is working on new technology to increase battery energy density by a fifth by 2030, the Japanese company’s chief technology officer told Reuters. That gain, if achieved, could boost the driving range of a Model Y, for example, by over 100 km (62 …
Exclusive: Tesla supplier Panasonic eyes 20% jump in battery density by 2030 Read More »
(Reuters) -London-listed global recruiter PageGroup Plc said on Wednesday quarterly gross profit rose nearly 26%, fuelled by tightening competition for candidates and shorter hiring times thanks to video interviewing. The jobs market has seen red-hot demand in the face of tight labour markets and a raging war for talent, as employees move jobs and employers …
PageGroup profit swells as employers fast-track hiring Read More »
By Lisa Baertlein LOS ANGELES (Reuters) – U.S. President Joe Biden faces a deadline next week to intervene in nationwide U.S. railroad labor talks covering 115,000 workers, or open the door to a potential strike or lockout that could threaten an already fragile economy and choke supplies of food and fuel. The stakes are high …
President Biden faces deadline in U.S. railroad labor standoff Read More »
By Jessica DiNapoli NEW YORK (Reuters) – Target Corp will start carrying the Bobbie brand infant formula in stores starting by September, and on its website this month, as the national shortage persists. Bobbie, which has previously sold to consumers exclusively through its website, has increased its manufacturing output over the last few months by …
Target to add Bobbie brand infant formula to stores as shortage persists Read More »
WASHINGTON (Reuters) – The International Monetary Fund on Tuesday again cut its growth forecast for the United States to 2.3% for 2022 from 2.9% in late June, with officials citing recent downward revisions to first quarter U.S. GDP output and consumer spending growth. The Fund included the new forecasts in the full report of its …
IMF again cuts U.S. 2022 growth forecast to 2.3% as consumer spending cools Read More »
MEXICO CITY (Reuters) – Mexican telecommunications giant America Movil reported on Tuesday that its second quarter net profit plunged 68% to 13.683 billion pesos ($679 million) compared with the same period a year earlier. The company’s revenues rose 3.3% to 217.391 billion pesos from 210.396 billion pesos during the year-earlier period. ($1 = 20.1335 Mexican …
America Movil Q2 net profit slides 68% to 13.683 billion pesos Read More »
WASHINGTON (Reuters) -Michael Barr, U.S. President Joe Biden’s pick to fill the last remaining vacancy on the seven-member Federal Reserve Board, advanced toward confirmation on Tuesday after clearing a procedural hurdle in the U.S. Senate. Senators voted 66-27 to limit debate on Barr’s nomination to the U.S. central bank, a result that allows the Senate …
Biden’s pick for Fed’s top bank cop advances in Senate Read More »
By Gabriel Burin BUENOS AIRES (Reuters) – Brazil’s growth spurt this year has been overshadowed by worries about an increasing number of hastily put-together spending plans ahead of October’s presidential vote, dampening the outlook for 2023, a Reuters poll showed. Economic activity got an unexpected lift in the first-half from skyrocketing commodity prices for Brazilian …
Brazil’s growth spurt shadowed by concerns over spending plans – Reuters poll Read More »
JOHANNESBURG (Reuters) – South Africa’s largest food producer Tiger Brands said on Tuesday its fruit canning business would extend operations for a further season to save jobs, while it talks to possible buyers for the unit. The maker of Jungle Oats and Tastic rice said any transaction for the business would not take place in …
Tiger Brands to extend operations of fruit business for another season Read More »
