(Reuters) – Hedge fund Jana Partners said on Thursday it nominated two directors to the board of TreeHouse Foods Inc, months after it pushed for changes at the packaged food maker. The private-label food group said in November it was exploring options including a sale of the company or divestment of a unit after pressure …
Jana Partners nominates two to TreeHouse’s board Read More »
By Ezgi Erkoyun and Nevzat Devranoglu ISTANBUL (Reuters) – The Turkish lira fell as much as 6% on Thursday, extending a four-day slide after last week’s big gains, as the government struggled to convince savers to ignore the volatility and worries over surging inflation and unorthodox rate cuts. While Finance Minister Nureddin Nebati said Turks’ …
Lira on four-day skid as Ankara struggles to hold confidence Read More »
By Bansari Mayur Kamdar (Reuters) – U.S. media and digital solutions firm Insignia Systems extended its month-long rally into the final hours of December, setting itself up for the best month in decades, as retail investors scooped up shares of the heavily shorted micro-cap company. Insignia added nearly 20% on Thursday as of 0322 GMT …
Heavily shorted Insignia Systems tracks best month since 1991 on retail buying spree Read More »
MADRID (Reuters) -Spanish consumer prices in December rose 6.7% from the same month last year, the fastest annual pace of inflation since 1989, flash data from the National Statistics Institute (INE) showed on Thursday. The 12-month inflation rate to November was 5.5%, and analysts polled by Reuters had expected the final 2021 reading to come …
Spain’s annual inflation jumps to 6.7% at end of 2021, highest since 1989 Read More »
MILAN (Reuters) – The European Central Bank’s forecasts that inflation in the euro zone will be below 2% in 2023 and 2024 are exposed to downside not just upside risks, ECB Governing Council member Ignazio Visco said in an interview published on Thursday. The ECB this month raised its inflation projections to above its 2% …
ECB 2023/24 inflation forecasts subject to downside not just upside risks -Visco Read More »
MOSCOW (Reuters) – Russia’s service sector contracted for a third straight month in December as the volume of new orders shrank, while business confidence fell to its lowest level in more than a year, a business survey showed on Thursday. The Markit purchasing managers index (PMI) for the services sector rose to 49.5 from 47.1 …
Russian services sector shrinks in December as COVID-19 takes toll – PMI Read More »
MANILA (Reuters) – Philippine President Rodrigo Duterte on Thursday signed a 5.024 trillion pesos ($98.45 billion) budget for next year, the Southeast Asian country’s largest ever, as it aims to sustain economic recovery and manage COVID-19 outbreaks. The national budget, 11.5% bigger than this year’s spending plan, is Duterte’s last before his single, six-year term …
Philippines’ Duterte signs $98.5 billion budget for 2022 Read More »
By Siddharth Cavale and Arriana McLymore (Reuters) – Major U.S. retailers’ longer return policies, launched during the pandemic this year to lure consumers, could leave them facing much higher costs if shoppers bring back a record-setting $112 billion in gifts bought during the extended holiday shopping season. Retailers entered the 2021 holiday season facing a …
Analysis-U.S. retailers may pay the price for ‘extended’ holiday return season Read More »
ISTANBUL (Reuters) – Turkey’s annual inflation rate is expected to have hit 30.6% in December, according to a Reuters poll, breaching the 30% level for the first time since 2003 as prices rose due to record lira volatility. The 30.6% median forecast of 13 economists would be the highest since May 2003 – with forecasts …
Turkish inflation seen above 30% in December amid lira weakness- Reuters poll Read More »
MANILA (Reuters) – Remittances to the Asia Pacific region from citizens working abroad could grow 6.7% this year and 5.9% next year, after a 2% slump in 2020, underpinned by further easing of COVID-19 curbs in advanced economies, the Asian Development Bank said. In absolute terms, remittances to the region were expected to rise by …
ADB sees Asia Pacific remittances up 6.7% in 2021, 5.9% in 2022 Read More »
