Author Archives: Syndicated Content
Analysis-Soaring Treasury yields threaten long-term performance of US stocks
By Lewis Krauskopf NEW YORK (Reuters) - Soaring U.S. Treasury yields are further boosting the appeal of bonds over stocks, deepening an already painful equity selloff while threatening to weigh on equ...
Oct 26, 2023
PwC Australia consultancy spin-off Scyne Advisory cuts 78 staff
By Lewis Jackson SYDNEY (Reuters) - Dozens of PwC Australia staff set to move across to spin-off consultancy Scyne Advisory will no longer have roles at the new firm and have been offered leave or tol...
Oct 26, 2023
Hyundai Motor's Q3 net profit rises 151%, beats forecasts
By Heekyong Yang and Joyce Lee SEOUL (Reuters) -South Korea's Hyundai Motor Co reported on Thursday a 151% rise in third-quarter profit, boosted by solid sales of high-margin sport utility vehicles an...
Oct 25, 2023
StanChart Q3 profit slumps on China impairment charges
By Selena Li and Lawrence White HONG KONG/LONDON (Reuters) -Standard Chartered (StanChart) on Thursday said third-quarter pre-tax profit fell by a third, much worse than analysts had expected, as it t...
Oct 25, 2023
Marketmind: ECB on hold, five's alive in the US
A look at the day ahead in European and global markets from Tom Westbrook Soggy lending data and weak purchasing managers' surveys have reinforced what traders had already figured: Europe's hiking cyc...
Oct 25, 2023
BOJ to end negative interest rates in 2024, more economists say- Reuters poll
TOKYO (Reuters) - The Bank of Japan will end its negative interest rate policy next year, according to nearly two-thirds of economists in a Reuters poll, with more now saying the central bank is inchi...
Oct 25, 2023
Mideast in focus as US, China meet to pave way for Biden-Xi summit
By Humeyra Pamuk, David Brunnstrom and Laurie Chen WASHINGTON/BEIJING (Reuters) - Chinese Foreign Minister Wang Yi begins a long-anticipated visit to Washington on Thursday, as the U.S. and China seek...
Oct 25, 2023
US third-quarter economic growth seen fastest in nearly 2 years
By Lucia Mutikani WASHINGTON (Reuters) - The U.S. economy likely grew in the third quarter at its fastest pace of any quarter in nearly two years, again defying dire warnings of a recession, as higher...
Oct 25, 2023
India's Tech Mahindra shares slide on biggest profit drop in 16 years
BENGALURU (Reuters) - Shares of Indian IT services company Tech Mahindra fell as much as 3.7% in early trade on Thursday, a day after the company posted its biggest profit drop in 16 years. The compan...
Oct 25, 2023
China's youngest-ever crew of astronauts heads to space station
By Ryan Woo BEIJING (Reuters) -The youngest-ever crew of Chinese astronauts departed for China's space station on Thursday, paving the way for a new generation of "taikonauts" to advance the country's...
Oct 25, 2023
