America’s Roundup: US dollar edges up as market looks to inflation data, Wall Street ends near flat, Gold ticks up, Oil climbs over 2% as recession fears begin to fade

May 09, 2023 00:43 am UTC| Market Roundups Economy

Market Roundup US Mar Wholesale Inventories (MoM) 0.0% ,0.1% forecast,0.1% previous US Mar Wholesale Trade Sales (MoM) -2.1% ,0.5% forecast,0.4% previous US Apr CB Employment Trends Index 116.18 , 117.37...

Europe Roundup: Sterling hits one-year high against weaker dollar, European shares edge higher ,Gold firms,Oil rallies after three straight weekly declines

May 08, 2023 12:56 pm UTC| Market Roundups Economy

Market Roundup German Mar Industrial Production (MoM) -3.4%,-1.3% orecast,2.0% previous German Mar Industrial Production (YoY) 1.56%,-0.50% forecast,0.70% previous EU May Sentix Investor Confidence -13.1,-8.0 ...

Samsung Electronics Seeking Partnerships with US Biotech Firms as New Growth Engine

May 08, 2023 09:47 am UTC| Business Economy

Samsung Electronicss executive chairman, Lee Jae Yong, has been holding meetings with leaders of the leading biopharmaceutical and biotechnology companies to forge joint ventures or enter into partnership deals. The...

Asahi Draft Beer’s Popularity Surges in South Korea

May 08, 2023 09:37 am UTC| Business Economy

Asahi Japanese beer brand is fast gaining popularity in South Korea. In fact, local retailers are said to be doing everything to get their stocks of the super dry draft beer in can, which is currently being imported by...

McDonald's Removing Five Menu Items to Add New Burger in the UK

May 08, 2023 08:47 am UTC| Business Economy

McDonalds U.K. said it would take down five food items so it could add a new burger to the menu. The U.K. unit of the fast-food chain is set to remove the items this week. With the decision, diners and fans of McDonalds...

Walmart Promotes Company Veteran Latriece Watkins to Chief Merchandising Officer Post

May 08, 2023 08:21 am UTC| Business Economy

Walmart Inc. has appointed a new chief merchandising officer just a few days after Charles Redfield vacated the role. The retail chain giant chose a company veteran as his replacement and named Latriece Watkins as the new...

Budget shows real wages expected to start growing early next year and promises effort to 'shift the needle' in disadvantaged communities

May 08, 2023 07:47 am UTC| Economy

Real wages are expected to start growing slightly earlier and grow more strongly than previously forecast, according to the latest Treasury estimates. Higher forecasts for wage growth and lower forecasts for inflation...