The role of fintech in streamlining international money transfers
The financial technology (fintech) sector has revolutionized many aspects of banking and personal finance, with one of its most signi..
Finance
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Westpac raises share buyback by $661 million even as costs and competition bite
(Reuters) -Australian bank Westpac raised its share repurchase programme by A$1 billion ($661 million) and declared a special dividend..
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Analysis-Traders prep for another round of yen whack-a-mole
By Amanda Cooper and Dhara Ranasinghe LONDON (Reuters) – Japan’s attempts to shore up its currency are putting trading de..
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Oil edges back towards 7-week low after resilient US jobs data
By Robert Harvey and Deep Kaushik Vakil LONDON (Reuters) -Oil edged back towards the previous day’s seven-week low on Thursday,..
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Greek summer wildfire threat nears, outpacing plans to contain it
ATHENS (Reuters) – When firefighters arrived at a blaze in a pine forest on the Greek island of Rhodes last July, flames were al..
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Euro zone factory activity takes turn for the worse in April, PMI survey shows
LONDON (Reuters) -The downturn in manufacturing activity across the euro zone deepened in April due to crumbling demand despite factor..
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Sterling gives back some Fed-inspired gains, eyes on local elections
By Samuel Indyk LONDON (Reuters) – The British pound slipped against the dollar, having risen the day before after the Federal ..
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UK set for weak growth and highest inflation in G7, OECD says
LONDON (Reuters) -Britain will suffer some of the lowest rates of economic growth and highest inflation among Group of Seven countries..
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European shares struggle for direction in earnings tide, Fed decision
By Ankika Biswas (Reuters) -European shares flitted in a tight range on Thursday, after falling to a one-week low in early trade, as ..
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Garmin’s Q1 results beat on strong demand for fitness, auto products
(Reuters) -Garmin topped Wall Street estimates for first-quarter results on Wednesday as the Swiss navigation device maker benefited f..
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Stocks, dollar dip after data with eyes on Fed
By Chuck Mikolajczak NEW YORK (Reuters) – A gauge of global stocks declined for the first time in three sessions on Wednesday w..
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Apple set for big sales decline as investors await AI in iPhones
(Reuters) – Apple’s plan to add generative AI to its iPhones and revive sagging sales in the crucial Chinese market will b..
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Sterling holds steady as markets await Fed decision
By Harry Robertson LONDON (Reuters) – The pound held steady on Wednesday as traders waited for the Federal Reserve’s inte..
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GSK raises profit outlook on strong vaccine, HIV drug sales
By Eva Mathews and Maggie Fick (Reuters) -GSK raised its full-year profit forecast on Wednesday on strong demand for its common respi..
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AI fuels cloud computing boom for tech giants
(Reuters) – Three of the Wall Street’s heavyweight technology firms have reported better-than-expected sales at their cl..
Technology
Britain’s Next keeps profit guidance after first-quarter sales rise
LONDON (Reuters) -British clothing retailer Next on Wednesday kept its forecast for annual profit after reporting a 5.7% rise in first..
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US spending on London real estate rebounds to highest in eight years
By Iain Withers LONDON (Reuters) – U.S. investors are buying up London commercial property at the fastest rate in eight years, ..
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Extreme heat shuts schools for millions, widening learning gaps worldwide
By Gloria Dickie and Ruma Paul (Reuters) -Hena Khan, a grade nine student in Dhaka, has struggled to focus on her studies this week a..
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Investors scour the globe for shelter as Wall Street shakes
LONDON (Reuters) – Global investors are eyeing European and emerging market assets to protect themselves from further turbulence..
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US spending on London real estate rebounds to highest in eight years
By Iain Withers LONDON (Reuters) – U.S. investors are buying up London commercial property at the fastest rate in eight years, ..
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Microsoft to open first regional data centre in Thailand
BANGKOK (Reuters) -Microsoft will open its first regional data centre in Thailand, the tech giant said on Wednesday, as it looks to bo..
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McDonald’s posts rare profit miss as customers turn picky
(Reuters) -McDonald’s missed quarterly profit estimates for the first time in two years as budget-conscious consumers looked pas..
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Euro zone inflation steady in April, reinforcing ECB rate cut case
FRANKFURT (Reuters) – Euro zone inflation held steady as expected in April but a crucial indicator on underlying price pressure..
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Global banking regulators target mismanagement in handling risks from clients
By Huw Jones LONDON (Reuters) – Global banking regulators on Tuesday proposed stricter standards for banks when assessing risks..
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Bank of England tweaks lifetime loss estimate for QE programme
(Reuters) – The Bank of England on Tuesday tweaked its estimates for the overall losses made by its quantitative easing bond pur..
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Coca-Cola bets on pricey sodas, international demand to lift annual sales forecast
By Ananya Mariam Rajesh (Reuters) -Coca-Cola raised its annual organic sales forecast on Tuesday after topping first-quarter results ..
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Analysts cut EU carbon price forecasts on 2023 emission slump
LONDON (Reuters) – Analysts have cut price forecasts for European Union carbon permits for 2024 to 2026 following record low fig..
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Oil down on Middle East talks while investors await Fed meeting
By Noah Browning and Deep Kaushik Vakil LONDON (Reuters) -Oil edged lower on Tuesday after U.S. data showed healthy crude output and ..
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Germany’s struggle to clean up its supply chains has lessons for Europe
By Maria Martinez and Riham Alkousaa BERLIN (Reuters) – German engineering company BAUCH makes machines and engine components o..
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Smiling King Charles visits cancer centre on his return to public duties
LONDON (Reuters) -A smiling and healthy-looking King Charles returned to public duties on Tuesday for the first time since he was dia..
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Satellite firm SES to buy Intelsat for $3.1 billion, debt concerns sink shares
By Olivier Sorgho (Reuters) – Satellite company SES has agreed to buy Intelsat Holdings for $3.1 billion in a deal that would c..
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Cryptoverse: TON takes off on Telegram tie-up
By Elizabeth Howcroft (Reuters) – A coin called TON has leapt in value in recent months, with investors betting its integration..
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Quotes: HSBC Chief Executive Quinn announces surprise retirement
(Reuters) – HSBC said on Tuesday its Chief Executive Noel Quinn will retire – a surprise departure by its hard-nosed leade..
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Thailand records nearly 12 million tourists in first four months
BANGKOK (Reuters) – Thailand recorded 11.95 million foreign tourist arrivals from the January to April 28 period, its tourism m..
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L’Occitane’s billionaire owner Geiger to take firm private in $1.8 billion deal
(Reuters) – Hong Kong-listed L’Occitane International’s chairman and controlling shareholder will take the French s..
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Computer parts maker Logitech Q4 sales rise; first positive qtr in over 2 years
ZURICH (Reuters) -Logitech International increased its sales during its fourth quarter, the computer peripherals maker said on Tuesda..
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European stocks eke out gains after German inflation data; Deutsche Bank drops
By Ankika Biswas and Johann M Cherian (Reuters) -European shares closed below day highs on Monday after Germany reported higher-than-..
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