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Domino’s Pizza beats sales estimates as discounts spur demand
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ECB’s hawks call for more rate hikes soon
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Bank fraud falls from COVID high but threatens UK security
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Bank of England says stress test shows UK counterparties ‘resilient’
Hot U.S. inflation data reignites global selloff
Date: October 13, 2022
By Marc Jones LONDON (Reuters) – MSCI’s global stock index lurched to a July 2020 low and dollar and bond market borrowing costs rose on Thursday as another red hot U.S. inflation reading cemented bets of another large Fed rate hike next month. Traders flipped straight into selloff mode as the U.S Labor Department’s consumer...
Italy’s MPS to launch share sale after banks give blessing
Date: October 13, 2022
By Valentina Za and Giuseppe Fonte MILAN (Reuters) – Italy’s Monte dei Paschi di Siena (MPS) will brave rocky markets next week as it seeks to raise up to 2.5 billion euros ($2.4 billion) in a share sale, after managing on Thursday to clinch support from a group of banks. MPS needs more cash to...
Dollar hits fresh 24-year high vs yen after strong U.S. inflation data
Date: October 13, 2022
By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar hit a fresh 24-year peak against the yen on Thursday, gaining across the board, after a blistering U.S. inflation report that opened the possibility of a 100-basis-point interest rate hike at next month’s Federal Reserve policy meeting. Data showed U.S consumer prices increased more than expected...
Explainer-Will market mayhem erupt if US bans Russian aluminium?
Date: October 13, 2022
LONDON (Reuters) – Global aluminium prices soared after news the Biden administration is considering an effective ban on Russian imports of the metal used in transport and construction. Below are the potential scenarios and consequences of any U.S. curbs. WHAT IS BEING CONSIDERED? The White House is looking at banning Russian imports, raising tariffs on...
IKEA reports record sales as price hikes offset weakening consumer confidence
Date: October 13, 2022
By Anna Ringstrom STOCKHOLM (Reuters) -Budget furniture giant IKEA reported record high annual sales on Thursday as price hikes and easing effects from the pandemic made up for supply shortages, weakening consumer confidence and its exit from Russia. Inter IKEA, franchiser for the world’s biggest home furnishing brand, said sales at all IKEA stores and...
GumGum Breaks the Billion Dollar Mark as Marketers Double Down on Privacy-First, Contextual Approaches
Date: October 13, 2022
Leading contextual intelligence company announces $1 billion media spend milestone London, UK – October 6, 2022 – GumGum, a contextual-first, global digital advertising platform, today announces that it has broken the $1 billion dollar ad spend milestone. The Contextual Advertising global market is projected to be a $335.1 billion market by 2026 and is a...