Nike sales likely to suffer as inflation hits sneakerheads

Sept 28 (Reuters) – Sneakerheads are thinking twice before splurging on the newest set of kicks as the rising cost of living takes a toll on consumer spending, setting the stage for a potential slowdown in sales for Nike Inc (NKE.N) in coming months. At least eight brokerages have cut their price targets on Nike … Read more

New UK finance minister Kwarteng seeks end to ‘cycle of stagnation’

Kwasi Kwarteng arrives at Number 10 Downing Street, in London, Britain September 6, 2022. REUTERS/Phil Noble/File Photo Register now for FREE unlimited access to Reuters.com Register Kwarteng to make fiscal statement to UK parliament at 0830 GMT Tax cuts, planning reforms and energy subsidies head the agenda Measures could cost close to 200 billion pounds, … Read more

RBI to raise rates again, slim majority of economists expect 50 bps hike: Reuters poll

A Reserve Bank of India (RBI) logo is seen at the gate of its office in New Delhi, India, November 9, 2018. REUTERS/Altaf Hussain/File Photo Register now for FREE unlimited access to Reuters.com Register BENGALURU, Sept 23 (Reuters) – The Reserve Bank of India is set to raise interest rates again next week with a … Read more

New UK finance minister Kwarteng seeks end to “cycle of stagnation”

Kwasi Kwarteng arrives at Number 10 Downing Street, in London, Britain September 6, 2022. REUTERS/Phil Noble/File Photo Register now for FREE unlimited access to Reuters.com Register Kwarteng to make fiscal statement to UK parliament at 0830 GMT Tax cuts, planning reforms and energy subsidies head the agenda Measures could cost close to 200 billion pounds, … Read more

NZ set for fourth 50-bp rate hike this week, economists eye lower peak

RBNZ set for 4th straight 50-bp hike, rates may peak in mid-2023 Tightening is most aggressive in 2 decades to rein in inflation RBNZ statement eyed for any tempering in hawkish rhetoric As economy weakens, handful of analysts predict easing by mid 2023 WELLINGTON, Aug 16 (Reuters) – New Zealand’s central bank is expected to … Read more

Turquoise Hill rejects Rio’s $2.7 billion offer for the rest of the company

The Rio Tinto logo is displayed on a visitor’s helmet at a borates mine in Boron, California, US, November 15, 2019. REUTERS/Patrick T. Fallon Register now for FREE unlimited access to Reuters.com Register Aug 15 (Reuters) – Turquoise Hill Resources Ltd (TRQ.TO) said on Monday its special committee terminated a review of Rio Tinto Ltd’s … Read more

Thailand’s tourism-reliant economy likely gathered pace in Q2

Tourists visit Maya bay after Thailand reopened its world-famous beach after closing it for more than three years. Picture taken January 3, 2022. REUTERS/Athit Perawongmetha Register now for FREE unlimited access to Reuters.com Register Thailand’s GDP seen growing 3.1% y/y in Q2 vs 2.2% in Q1 Q2 GDP seen at 0.9% q/q vs +1.1% in … Read more

Europe’s high-spending tourists set to lift French luxury sales in Q2

PARIS, July 22 (Reuters) – Free-spending tourists in Europe are expected to drive brisk second quarter sales at French luxury groups LVMH (LVMH.PA), Gucci-owner Kering (PRTP.PA) and Hermes (HRMS.PA), helping to offset the impact of disruptions in China from COVID-19 restrictions. High-end French and Italian fashion houses have been riding a wave of strong, post-pandemic … Read more

South Korea’s economy likely lost some steam in Q2

BENGALURU, July 22 (Reuters) – South Korea’s economic growth probably slowed a bit in the second quarter as falling exports and soaring import costs hurt private consumption that makes up about half of the economy, a Reuters poll found. Exports in Asia’s fourth-largest economy grew at their slowest pace in over 1-1/2 years in June … Read more

Apple hovers above the competition even as the smartphone market stumbles, sources say

July 13 (Reuters) – The global smartphone market may be in the toilet, but the iPhone 13 continues to sell well, and Apple Inc (AAPL.O) is expecting its upcoming iPhone 14 to do even better at launch. Apple’s slightly higher expectations for the forthcoming iPhone 14 underscore a growing belief among Wall Street analysts that … Read more