Business News
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World stocks eye sixth month of gains, dollar near one-month low
LONDON/SHANGHAI (Reuters) - Global shares tracked Asia lower on Friday but remain on course for their sixth straight month of gains as solid corporate earnings and central bank largesse keep sentiment intact, while the dollar held near a 1-month low.
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Euro zone rebounds strongly, inflation above ECB target
BRUSSELS (Reuters) -The euro zone economy grew faster than expected in the second quarter, pulling out of a recession caused by the COVID-19 pandemic as curbs to stop the virus were eased, while inflation shot past the European Central Bank's 2% target in July.
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Credit Suisse creates new asset management risk role
ZURICH (Reuters) - Credit Suisse, recently hit by the Archegos and Greensill scandals, has created a new role of chief risk officer for asset management that will be filled by Wolfram Peters, former chief risk officer at Allianz Global Investors, executives of the Swiss bank said in an internal memo seen by Reuters.
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Marketmind: Ready for a summer lull?
LONDON (Reuters) - A look at the day ahead from Karin Strohecker.
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Explainer: Major Ethereum upgrade set to alter supply, fix transaction fees
NEW YORK (Reuters) - Ethereum, the second-largest blockchain network, is about to undergo a technical adjustment that will significantly alter the way transactions are processed, as well as reduce the supply of the ether token and sharply boost its price.
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Amazon sales growth slows in tame start to Jassy's tenure as CEO
(Reuters) -Amazon.com Inc on Thursday said sales growth would slow in the next few quarters as customers venture more outside the home, a tepid start to CEO Andy Jassy's reign after 27 years with Jeff Bezos at the retailer's helm.
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Renault sees 2021 profit despite chip crunch, raw material costs
LONDON/PARIS (Reuters) -French carmaker Renault said on Friday it expected to deliver a full-year 2021 profit even as a global shortage in semiconductor chips and rising raw material costs crimped production.
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Japan eyes fresh stimulus package as new curbs weigh on growth
TOKYO (Reuters) - Japan will act "without hesitation" to cushion the economic blow from the COVID-19 pandemic, economy minister Yasutoshi Nishimura said on Friday, signalling the government's readiness to compile another spending package as the crisis weighs on growth.
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Germany's economy expands less than expected in second quarter
BERLIN (Reuters) - The German economy returned to growth in the second quarter but bounced back less strongly than expected amid supply chain bottlenecks that are hitting industry, data showed on Friday.
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China watchdog says to continue with efforts to expand access for foreign investors
BEIJING (Reuters) - China's banking and insurance watchdog said it would seek to stabilise the expectations of foreign investors by continuing with efforts to implement policies designed to expand their market access.
