Target cuts annual forecasts as Americans hold back on non-essential spending
(Reuters) – Target on Wednesday lowered its full-year sales and profit expectations and forecast a dour third quarter, in another…
Canadian inflation jumps in July, raising prospect of another rate hike
(Reuters) – Canada’s annual inflation rate surged more than expected to 3.3% in July as core measures eyed by the…
US retail sales increase more than expected in July
(Reuters) – U.S. retail sales increased more than expected in July as Americans boosted online purchases and dined out more,…
Analysis-China trust deficit: crisis spurs shadow banking policy response calls
(Reuters) – Chinese fears of a spillover from missed payments on some shadow banking linked trust products and worsening consumer…
J.P. Morgan warns of sharper-than-expected slump in China residential market
(Reuters) – J.P. Morgan said on Tuesday China’s residential property market could see a sharper-than-expected slump this year following downbeat…
Dollar softens ahead of CPI, energy costs another focus
(Reuters) – The dollar dipped against most currencies on Thursday ahead of U.S. inflation data later in the day that…
Global stocks fall, dollar rallies as weak China data disappoints
(Reuters) – Global stocks fell on Tuesday and the dollar climbed as investors assessed the latest weak economic data out…
Some global investors skip Ant’s buyback after valuation slumps 70% – Bloomberg News
(Reuters) – A number of global investors are opting out of Ant Group’s proposed share buyback after the Chinese fintech’s…
Italy hits banks with 40% windfall tax for 2023
(Reuters) -Italy has approved a one-off 40% tax on profits banks reap from higher interest rates and it plans to…
ECB hawks argue for more hikes even as Lane opens door to pause
(Reuters) – The European Central Bank should err on the side of further interest rate hikes as inflation could come…