By James Davey LONDON (Reuters) - As British shoppers try to stretch their spending further each week, supermarket leaders Tesco (OTC:TSCDY) and Sainsbury\'s are using their superior financial firepower to win over customers from debt-laden rivals struggling to compete. A recent survey from consumer group Which? found the two groups outperformed their privately owned rivals...
By Helen Reid LONDON (Reuters) - Investors want Zara owner Inditex (BME:ITX) to follow rivals H&M (ST:HMb) and Primark in making its full list of suppliers public so they can better assess any supply chain risks. Inditex is an outlier among big clothing retailers in not publishing which factories it sources from. Regulators and investors...
Germany\'s industrial production rebounded at a faster than expected pace in January driven by intermediate and consumer goods output, figures from Destatis showed on Friday. Industrial production posted a monthly growth of 1.0 percent, in contrast to the 2.0 percent fall in December. Output was expected to climb 0.6 percent. Excluding energy and construction, industrial...
Japan is scheduled to release a batch of data on Friday, headlining a modest day for Asia-Pacific economic activity. On tap are January results for household spending, current account and leading and coincident indexes - as well as February figures for bank lending and the eco watchers survey. Household spending is expected to rise 0.4...
The South Korea stock market on Thursday ended the two-day slide in which it had slumped more than 30 points or 1.1 percent. The KOSPI now rests just beneath the 2,650-point plateau and it may add to its winnings on Friday. The global forecast for the Asian markets is upbeat on growing optimism over the...
South Korea had a current account surplus of $3.05 billion in January, the Bank of Korea said on Friday - down from $7.41 billion in December. The goods account recorded a $4.24 billion surplus as exports increased annually by 14.7 percent to $55.22 billion and as imports decreased by 8.1 percent to $50.98 billion, both...
By Jonathan Stempel (Reuters) - Nvidia, whose chips power artificial intelligence, has been sued by three authors who said it used their copyrighted books without permission to train its NeMo AI platform. Brian Keene, Abdi Nazemian and Stewart O\'Nan said their works were part of a dataset of about 196,640 books that helped train NeMo...
South Korea posted a current account surplus of $3.05 billion in January, the Bank of Korea said on Friday - down from $7.41 billion in December. The goods account recorded a $4.24 billion surplus as exports increased annually by 14.7 percent to $55.22 billion and as imports decreased by 8.1 percent to $50.98 billion, both...
President Nayib Bukele responded humorously to a social media post on March 7, highlighting the legal troubles of one of his country’s prominent critics in Capitol Hill. Bukele quoted a post on X (formerly Twitter) with a laughing emoji. The post detailed Senator Bob Menendez’s indictment, adding a touch of irony to the situation. Senator...
The Malaysia stock market on Thursday wrote a finish to the two-day losing streak in which it had slipped 8 points or 0.5 percent. The Kuala Lumpur Composite Index now sits just above the 1,535-point plateau and it may see additional support on Friday. The global forecast for the Asian markets is upbeat on growing...