Author: Press Room
The CEO of Danish brewer Carlsberg says Moscow has “stolen” its business in Russia. Moscow seized Carlsberg’s assets in July, weeks after the brewer announced it had found a buyer for its Russian business. Carlsberg said it’s cutting ties with its Russian business as it can’t find an acceptable solution to resolve the issue. Loading Something is loading. Thanks for signing up! Access your favorite topics in a personalized feed while you’re on the go. download the app Danish brewer Carlsberg operates eight breweries and employs more than 8,000 people through its Russian unit, Baltika Breweries. But, as of early…
At the turn of the millennium, Phoenix’s economy was dominated by the tourism and real estate industries that are the natural byproduct of year-round sun. The region’s largest university reflected that influence. Arizona State had earned a reputation as a “party school” where students paid more attention to their tans and a highly-ranked football team than academics. The sun-drenched campus in the Phoenix suburb of Tempe has not fully lost its image as a place for outdoor fun. But inside ASU’s modernist buildings, a transformation has taken place.Today it is a microelectronics Petri dish — a hive of research and…
The US job market remained resilient in September, with job openings rising to 9.6 million from August’s 9.5 million, despite the Federal Reserve’s efforts to manage inflation and temper the job market. This figure is lower than the record 12 million job openings in March 2022 but surpasses pre-2021 levels when openings never topped 8 million. Layoffs dropped to 1.5 million from August’s 1.7 million, further demonstrating the strength of the job market. The unemployment rate held steady at 3.8%, slightly above a historic low, highlighting an impressively robust labor market by historical standards. The Federal Reserve has hiked its…
© Reuters. Investing.com– Most Asian stocks rose on Thursday, buoyed by a rally in the technology sector as somewhat middling comments from the Federal Reserve spurred bets that the central bank was done with its run of interest rate hikes. But Chinese stocks saw little gains, as a string of weak economic readings from the country kept traders largely averse. While the , comments from Chair Jerome Powell suggested that interest rates may not rise further this year, especially as the U.S. economy cools. This saw U.S. Treasury yields fall sharply in overnight trade, in turn boosting technology stocks. A…
Highland Income Fund declares $0.077 dividend
© Reuters Investing.com– Most Asian currencies strengthened on Thursday, while the dollar fell sharply after mixed signals from the Federal Reserve ramped up bets that the central bank will not raise interest rates further. The was among the best performers for the day, surging 0.7% and blazing past weaker-than-expected . Markets were growing increasingly confident that the will raise interest rates when it meets next week, bringing them closer to U.S. levels and making the Aussie appear more attractive. The jumped 0.5%, recovering sharply from a one-year low as government officials continued to threaten intervention in currency markets. But the…
Politics of the Day
Sales associate Devani Knox (right) thanks Dana Nachman and her daughters Sidney, 7, Annie, 11, and … [+] son Charlie, 10, for test driving a Bolt EV all-electric car at a Chevrolet dealership in Fremont, Calif. on Friday, Aug. 4, 2017. (Photo By Paul Chinn/The San Francisco Chronicle via Getty Images)San Francisco Chronicle via Getty Images The Internal Revenue Service on Wednesday opened the portal for car sellers to register with Energy Credits Online – a site that will allow dealers to dole out the federal electric vehicle tax credit of up to $7,500 to buyers as a discount. The…
Australian pension fund to vote against improved Brookfield-led bid for Origin Energy
© Reuters. FILE PHOTO: A taxi drives in front of skyscrapers at the central business district, including AIA Central, China Construction Bank (CCB) Tower, Bank of China Tower, Cheung Kong Centre, HSBC and Standard Chartered Bank headquarters, in Hong Kong, China Aug HONG KONG (Reuters) – The Hong Kong Monetary Authority (HKMA) on Thursday left its base rate charged through the overnight discount window unchanged at 5.75%, tracking a move by the U.S. Federal Reserve to keep rates steady. The U.S. central bank held interest rates steady on Wednesday as policymakers paused its aggressive tightening of monetary policy to consider…