Business

Asian shares fall on US rate scare, yen plumbs 34-year low

A Japanese yen banknote is seen in this illustration picture taken June 15, 2022.  SYDNEY (Reuters) — Asian shares tracked Wall Street lower on Thursday as sticky U.S. inflation forced markets to slash bets on how much the Federal Reserve might ease this year, sending the dollar flying to a 34-year…
Read More →

Kering picks luxury veteran Cantino as Gucci deputy CEO

PARIS (Reuters) — French luxury group Kering on Thursday named former Louis Vuitton and Prada communications executive Stefano Cantino as deputy CEO of Gucci to help steer a revival of the Italian label. Cantino, who will start on May 2, will report to Jean-François Palus, Gucci’s President a…
Read More →

Uber boosts safety features aimed at women passengers

(Reuters) — Uber Technologies said on Wednesday that it is boosting its safety features for passengers around the world, as it looks to minimize risk and ensure security for women at night. The features allow passengers during a ride to select up to four safety preferences including encrypted audio…
Read More →

US consumer prices accelerate; seen delaying Fed rate cut

A customer shops at Paulina Market ahead of the Thanksgiving holiday in Chicago, Illinois, Nov. 21, 2023. WASHINGTON (Reuters) — U.S. consumer prices increased more than expected in March as Americans paid more for gasoline and rental housing, leading financial markets to anticipate that the Federa…
Read More →

Yen feels the heat as US Treasury yields rise

SINGAPORE (Reuters) — The dollar was tentative on Tuesday as it failed to get a meaningful boost from a rise in U.S. Treasury yields, though that kept pressure on the yen which languished near multi-decade lows and left traders on alert for any signs of intervention. The greenback added 0.03% to 15…
Read More →

Weekly Poll

Latest E-edition

Please login to access your e-Edition.

+