Investors are looking for clues about consumer health as the holiday shopping season begins

NEW YORK, Nov 25 (Reuters) – Investors are closely watching U.S. retail stocks as a barometer of consumer confidence as inflation bites as the most important shopping season of the year opens on Friday. Consumer discretionary stocks, as measured by the S&P 500 Consumer Discretionary sector — the group of companies that profit from retail, … Read more

CVC’s funeral business is betting on brisk market growth

A huge dragon structure at the Nirvana Memorial Park just outside Malaysia’s capital Kuala Lumpur on June 23. The air-conditioned dragon structure houses gilded urn compartments, home to 6,700 urns for cremated ashes. The photo was taken on June 22, 2000. Sign up now for FREE unlimited access to Reuters.com I am registering HONG KONG, … Read more

Top scientists join forces to explore leading theory behind long COVID

A patient suffering from Long COVID is examined at the post-coronavirus disease (COVID-19) clinic of Ichilov Hospital in Tel Aviv, Israel, February 21, 2022. Picture taken February 21, 2022. REUTERS/Amir Cohen/File photo Sign up now for FREE unlimited access to Reuters.com I am registering CHICAGO, Sept 8 (Reuters) – Leading scientists from leading academic centers … Read more

Exclusive: Embattled Credit Suisse aims to launch wealth business in China next year

A Credit Suisse bank logo is pictured in Geneva, Switzerland, June 9, 2022. REUTERS/Denis Balibouse Sign up now for FREE unlimited access to Reuters.com I am registering SINGAPORE, Sept 2 (Reuters) – Credit Suisse ( CSGN.S ), which has been hit by a series of scandals, management changes and changes in global strategy, is still … Read more

Investment bankers are waiting for the ax to fall

A trader works on the floor of the New York Stock Exchange (NYSE) in New York, U.S., July 13, 2022. Sign up now for FREE unlimited access to Reuters.com I am registering NEW YORK, July 14 (Reuters Breakingviews) – Bankers who steered Wall Street’s profits during the darkest days of Covid-19 now find themselves in … Read more

For EV battery makers, it’s go small or go home

CAMBRIDGE, England, July 11 (Reuters) – In the race to go electric, carmakers have focused on mileage to ease consumer anxiety about charging infrastructure, but battery makers are already working on smaller, longer-lasting and more -cheap batteries of the future that also charge faster. As carmakers today chase market leader Tesla Inc ( TSLA.O ) … Read more

Exclusive: Citigroup to hire 3,000 people in Asia’s institutional banking business boosting growth

The Citi bank logo is displayed in a showroom in Bangkok, Thailand, May 12, 2016. REUTERS / Athit Perawongmetha / File Photo Register now for FREE unlimited access to Reuters.com I’m registering HONG KONG, June 7 (Reuters) – Citigroup Inc (CN) plans to hire about 3,000 new employees for its institutional business in Asia over … Read more

Pfizer will sell a stake in GSK’s consumer health business once it enters the list

GSK said in February that Pfizer would retain its stake in Haleon Haleon is expected to be registered in London on July 18 GSK has rejected Unilever’s £ 50bn bid for Haleon LONDON, June 1 (Reuters) – Pfizer (PFE.N) plans to sell a 32% stake in Haleon, its consumer healthcare company to British drug maker … Read more