Grab reports rise in revenue on strong demand for food delivery

(Reuters) -Grab Holdings Ltd, Southeast Asia's No. 1 ride-hailing and food delivery firm, on Thursday reported a 6% rise in quarterly revenue as more people ordered food online.

newspaper

19-05-2022

Startup Gatik says it will put self-driving trucks on the road in Kansas

Autonomous delivery truck startup Gatik on Thursday said it will be putting its box trucks on the road in Kansas after state officials gave it and its partner and customer Walmart Inc the go-ahead.

newspaper

19-05-2022

Kohl's becomes latest retailer to warn of inflation eating into profits

Kohl's Corp cut its full-year earnings forecast on Thursday, joining some of America's biggest retailers in warning that a four-decades high inflation is starting to take a toll on profit margins and consumer spending power.

newspaper

19-05-2022

ECB to force UK-based investment banks to relocate staff, trading

Too many global investment banks continue to serve euro zone clients out of London and the European Central Bank plans to force them to relocate senior staff and trading activity to the bloc, ECB supervisory chief Andrea Enria said on Thursday.

newspaper

19-05-2022

Futures signal more selling on Wall Street as growth fears mount

U.S. stock index futures fell on Thursday, signaling more selling on Wall Street as investors kept a close eye on the impact of rising inflation on the U.S. economy and corporate earnings.

newspaper

19-05-2022

Outgoing Socgen CEO warm to internal successor, union says

The outgoing chief executive of Societe Generale is in favour of selecting an internal candidate to lead the French banking group for the next 10 to 15 years after he leaves, a union representative said after meeting Frederic Oudea.

newspaper

19-05-2022

Indonesia to lift palm oil export ban from Monday, president says

Indonesia will lift its palm oil export ban from Monday, following improvements in the domestic cooking oil supply situation, President Joko Widodo said on Thursday.

newspaper

19-05-2022

Rare double whammy hits retail investors: steep slumps for both stocks and bonds

NEW YORK (Reuters) -From meme-stock enthusiasts to retirees, this year's steep dive for both stocks and U.S. Treasury prices has upended portfolios for individual investors who had enjoyed watching their wealth grow during the historic rally in financial assets early in the coronavirus pandemic in 2020.

newspaper

19-05-2022

Indonesia MPs seek review of palm oil export ban as industry warns on storage

Indonesian lawmakers on Thursday requested the government review a ban on palm oil exports after industry groups warned that one of the country's leading sectors could grind to a halt in coming weeks as storage nears full capacity.

newspaper

19-05-2022