Businesses cut spending and jobs as outlook becomes less certain

June 29 (Reuters) – Executives at electric car marker Tesla, drugmaker Novartis and retailer Bed Bath and Beyond cut spending or jobs while others put projects or deals on hold as inflation hits rage and that confidence in the global economy is diminishing. Manufacturing growth is slowing around the world as China’s COVID-19 curbs and … Read more

Dollar retreats as markets rethink Fed rate bets, eye ECB hikes

U.S. dollar banknotes are displayed in this illustration taken February 14, 2022. REUTERS/Dado Ruvic Join now for FREE unlimited access to Register US rate hike bets reduce aggressive Fed tightening path Investors watch the annual ECB forum in Sintra Markets on the lookout for Eurozone price data later in the week WASHINGTON, June 27 … Read more

Global stocks near 2022 lows on inflation fears

LONDON, June 13 (Reuters) – Global stocks fell to fresh 2022 lows and the Japanese yen slipped to levels not seen in nearly a quarter century on Monday as searing U.S. inflation fueled concerns about even more aggressive policy tightening in a big week for central banks. The significantly higher-than-expected U.S. CPI print on Friday … Read more

Test makers target monkeypox market as cases rise

Test tubes labeled “Monkeypox virus positive and negative” are seen in this illustration taken May 23, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Join now for FREE unlimited access to Register LONDON, June 3 (Reuters) – Diagnostics companies are racing to develop tests for monkeypox, hoping to tap into a new market as governments step up efforts … Read more

Analysis: As shortage persists, Reckitt tightens grip on U.S. infant formula market

Boxes of Enfamil baby formula, produced by Mead Johnson, on partially empty shelves at a Target store, amid an ongoing nationwide shortage of infant and toddler formula, in San Diego, California, United States, on 25 May 2022. REUTERS/Bing Guan Join now for FREE unlimited access to Register LONDON, May 27 (Reuters) – The U.S. … Read more

Factbox: The Great Rebrand: Western companies reborn in Russia under new names

May 20 (Reuters) – McDonald’s Corp (MCD.N) is selling its restaurants in Russia to one of its current local licensees, who will reopen the branches under a new name yet to be determined – the most high-profile brand change so far. day companies emerging from Russia. Read more Dozens of Western brands have said they … Read more

Stock market rebound falters, UK inflation hits 40-year high

LONDON, May 18 (Reuters) – A rebound in equities petered out on Wednesday as concerns over the outlook for economic growth and rising inflation rattled sentiment, while a British inflation reading of 9 % highlighted just how much interest rates could rise. Asian stocks managed to post their fourth consecutive session of gains, but in … Read more

Stock markets struggle as fears over the economy grow

LONDON, May 16 (Reuters) – European stocks fell on Monday and Wall Street was poised to open lower as investor sentiment struggled to recover from last week’s sell-off on fears. a slowdown in economic growth. Global stocks hit their lowest point in 18 months last week as investors worried that raising interest rates to counter … Read more

Stocks plummet, dollar soars as fears of hard landing grow

A broker reacts while trading on his computer terminal at a securities brokerage firm in Mumbai, India February 1, 2020. REUTERS/Francis Mascarenhas Join now for FREE unlimited access to Register Global stocks fall to a year-and-a-half low, down almost 20% since the start of the year Europe opens 2% lower on US stock futures … Read more

US and European stocks rise amid mixed earnings; The euro at its lowest since 2017

FILE PHOTO – A stockbroker works at the Frankfurt Stock Exchange as markets react to the coronavirus disease (COVID-19), at the Frankfurt Stock Exchange, Germany March 27, 2020. REUTERS/Kai Pfaffenbach Join now for FREE unlimited access to Register WASHINGTON/LONDON, April 27 (Reuters) – Major U.S. and European stock indexes rose in choppy trading on … Read more