Accenture raises revenue forecast after strong second quarter
(Reuters) – Accenture Plc raised its full-year net revenue forecast well above analysts’ expectations and reported better-than-expected quarterly revenue and profit, led by strong growth in its consulting business, especially in North America.
Trump’s tariff plan could boomerang, spark trade wars with China, Mexico
WASHINGTON (Reuters) – Donald Trump’s threats to slap steep tariffs on Chinese and Mexican imports may have won him votes in Republican primaries but they would likely backfire, severely disrupting U.S. manufacturers that increasingly depend on global …
Another U.S. rate hike may be around corner: Fed’s Bullard
NEW YORK (Reuters) – Another U.S. interest rate hike “may not be far off” after the Federal Reserve stood pat last week and made only minor downgrades to economic forecasts, St. Louis Fed President James Bullard said on Thursday.
Dollar rise crunches commodities, knocks stocks
LONDON (Reuters) – The dollar was on its best run in almost a year on Thursday, pressuring commodities and shares after yet another Federal Reserve official talked up the chance of more than one hike in U.S interest rates this year.
Deutsche Bank hiring 100 staff to boost equities trading-source
LONDON/FRANKFURT (Reuters) – Deutsche Bank is hiring about 100 people to boost its equities trading operations as it seeks to recover ground in an area seen as vital to its new strategy, a source familiar with the matter told Reuters.
Homeownership increasingly difficult for average Americans: report
NEW YORK (Reuters) – Home prices are rising faster than wages in most of the United States, making homeownership increasingly difficult for average Americans in some of the most populous areas of the country, according to a report released on Thursday….
Yum in talks with KKR, Hopu, to sell stake in China unit: sources
SINGAPORE/HONG KONG (Reuters) – Yum Brands Inc , owner of KFC and Pizza Hut, is in talks with private equity firms including KKR & Co LP and Hopu Investments to sell a minority stake in its China operations as it prepares to spin off the once booming unit, two sources familiar with the plans said on Thursday.
Credit Suisse to axe 2,000 more investment banking jobs
ZURICH (Reuters) – A slump in investment banking revenues pushed Credit Suisse to accelerate its cost-cutting plan as Chief Executive Tidjane Thiam admitted he had been unaware of trading positions that triggered more big writedowns in the first quarte…
Exxon Mobil must allow climate change vote: SEC
(Reuters) – The U.S. Securities and Exchange Commission has ruled Exxon Mobil Corp must include a climate change resolution on its annual shareholder proxy, a defeat for the world’s largest publicly traded oil producer, which had argued it already prov…
World’s biggest startup? Samsung Electronics to reform corporate culture
SEOUL (Reuters) – Samsung Electronics Co Ltd , the world’s biggest maker of smartphones and memory chips, announced on Thursday that it plans to adopt a corporate culture akin to a startup, seeking to become more nimble as growth slows.
