Despite the fading favorable base year effects, real estate meltdown and deflationary pressures, China has set an economic growth target of about 5 percent for 2024 that was unchanged from its previous year goal, which is set to force policymakers to focus on stimulus. In the annual work report, Premier Li Qiang on Tuesday projected...
Do Kwon, the founder of Terraform Labs, has received a legal reprieve as a Montenegro court overturned a previous ruling for his extradition to the U.S. The Appellate Court of Montenegro overturned the extradition decision made by a court in Podgorica, sending the case back for retrial. Do Kwon Wins Extradition Again Following a panel...
By Toby Sterling THE HAGUE (Reuters) - Dutch semiconductor sector startups are attracting an increasing amount of funding, the organisation set up by the Economic Affairs Ministry to strengthen tech entrepreneurship in the Netherlands said in its annual review on Wednesday. Venture capital funding for Dutch chip startups grew for the fifth consecutive year in...
Visa, Inc. (V) announced Tuesday a 7-year agreement with Western Union (WU) under which Western Union customers will be able to send money to their family and friends\' eligible Visa cards and bank accounts in 40 countries across five regions. The agreement includes card issuance, Western Union\'s integration with Visa Direct, and value-added services delivery...
By Siddharth Cavale NEW YORK (Reuters) - Opening new stores is back in style - at some U.S. retail chains. Executives at several major retailers in recent weeks have touted the chains\' efforts to gain market share by adding new locations. Target, for instance, is adding 300, Walmart (NYSE:WMT), 150; Sam\'s Club, 30; Bloomingdale\'s, 15...
Patrick Industries, Inc. (PATK) announced Tuesday that it has appointed Andy Roeder as Executive Vice President-Finance, Chief Financial Officer, and Treasurer of the Company, effective March 5. Prior to joining Patrick, Roeder served as CFO of Polaris Boats from 2018 to the present. Prior to his role at Polaris, he was the CFO of Bennington...
Kidney care services firm DaVita, Inc. (DVA) announced Tuesday that it has agreed to terms on the expansion of its international operations in Brazil and Colombia, and its entry into Chile and Ecuador. The expansion will make DaVita the largest dialysis services provider in Latin America. The deal, which is consistent with DaVita\'s disciplined investment...
A report released by the Institute for Supply Management on Tuesday showed U.S. service sector growth slowed by slightly more than expected in the month of February. The ISM said its services PMI fell to 52.6 in February after climbing to 53.4 in January. While a reading above 50 still indicates growth, economists had expected...
By Emma Rumney and Casey Hall LONDON/SHANGHAI (Reuters) - Global drinks giants seeking to tap into younger Chinese drinkers\' growing appetite for whiskies and cognacs face a challenge as they take on the producers of China\'s dominant liquor baijiu. Western companies like Diageo (LON:DGE) and Pernod Ricard (EPA:PERP) have previously focused on the luxury end...
The Commerce Department released a report on Tuesday showing a steep drop in new orders for U.S. manufactured goods in the month of January. The report said factory orders plunged by 3.6 percent in January after falling by a revised 0.3 percent in December. Economists had expected factory orders to tumble by 2.9 percent compared...