Stocks slide on U.S. debt ceiling and inflation woes
(Reuters) – Stocks lurched downwards on Wednesday as U.S. debt ceiling negotiations dragged on without resolution, stoking a general malaise…
PacWest, Western Alliance lead rebound in US regional lenders
(Reuters) – Battered shares of PacWest Bancorp and Western Alliance (NYSE:WAL) Bancorp edged higher premarket on Thursday as the U.S.…
China’s Baidu beats quarterly revenue estimates on ad strength
(Reuters) – Search engine giant Baidu Inc (NASDAQ:BIDU) beat first-quarter revenue estimates on Tuesday as businesses spent more on advertising…
Vodafone’s new boss to cut 11,000 jobs as cash flow to fall
(Reuters) – New Vodafone (NASDAQ:VOD) boss Margherita Della Valle said on Tuesday she would cut 11,000 jobs over three years…
Marketmind: Europe has a data fest, and growth worries
A look at the day ahead in European and global markets from Vidya Ranganathan Tuesday’s a busy day for European…
Fed headed for a pause, then rate cuts, traders bet
(Reuters) – A jump in jobless claims reported Thursday, along with weaker-than-expected wholesale price pressures, have for now wiped out…
Norway government ups spending by $5.3 billion due to inflation, Ukraine aid
(Reuters) – Norway’s centre-left government said on Thursday it plans to spend an extra 56 billion Norwegian crowns ($5.3 billion)…
Bank of England raises rates to 4.5% and sees slow inflation fall
(Reuters) – The Bank of England raised its key interest rate by a quarter of a percentage point to 4.5%…
Coty lifts profit forecast as luxury shoppers seek cosmetics, fragrances
(Reuters) – Coty (NYSE:COTY) Inc on Tuesday raised its annual profit forecast for the second time and beat third-quarter revenue…
Dollar edges up as market looks to U.S. debt ceiling talks, inflation data
(Reuters) – The dollar edged up against major currencies on Tuesday as traders awaited clarity on U.S. debt ceiling talks…