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Geberit reports Q1 beat despite end of bathroom renovation boom
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Marketmind: RBA shock hike starts huge week for central banks
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Logitech Q4 sales plunge 22% as economic downturn worries weigh
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Factbox-Long-serving Qantas executive Vanessa Hudson named as next CEO
UK retailers report record food inflation but see falls ahead
Date: May 2, 2023
UK retailers report record food inflation but see falls ahead By David Milliken LONDON (Reuters) – Food prices at British supermarkets rose 15.7% in the year to April, the biggest annual increase in records going back to 2005, but lower prices are on horizon, the British Retail Consortium (BRC) said on Tuesday. Overall inflation among...
Wolfgang Porsche announces final term on Volkswagen supervisory board
Date: May 1, 2023
Wolfgang Porsche announces final term on Volkswagen supervisory board FRANKFURT (Reuters) – Volkswagen co-owner Wolfgang Porsche will stand for one more term on the German car manufacturer’s supervisory board, according to trade publication Automobilwoche. At Volkswagen’s annual general meeting on May 10, Porsche wants to be re-elected for five years. “After that, younger people have...
JP Morgan to buy First Republic’s assets and assume deposits
Date: May 1, 2023
JP Morgan to buy First Republic’s assets and assume deposits (Reuters) -United States regulators said on Monday First Republic Bank has been seized and a deal agreed to sell the bank to JPMorgan Chase & Co, in what is the third major U.S. institution to fail in two months. The banking giant will take $173...
PNC, JPM, Citizens among final bidders in First Republic auction -sources
Date: May 1, 2023
PNC, JPM, Citizens among final bidders in First Republic auction -sources By Chris Prentice, Nupur Anand and Saeed Azhar NEW YORK (Reuters) -PNC Financial Services Group, JPMorgan Chase & Co and Citizens Financial Group Inc were among banks that submitted final bids for First Republic Bank on Sunday in an auction by U.S. regulators, sources...
Currencies in limbo awaiting packed week of central banks
Date: May 1, 2023
Currencies in limbo awaiting packed week of central banks By Stella Qiu SYDNEY (Reuters) -Currencies were in limbo on Monday as holidays in most of Asia made for thin trading, while traders braced for a packed week of central bank meetings that would offer the latest guidance on future rate hikes across continents. Activity in...
King Charles’ coronation to feature historic chairs
Date: May 1, 2023
King Charles’ coronation to feature historic chairs LONDON (Reuters) – An array of historic chairs will be used for the coronation of Britain’s King Charles on Saturday, Buckingham Palace said as it revealed the latest details of an event that will be full of pomp and pageantry. The historic St Edward’s Chair, which was made...