Starbucks ends ‘Race Together’ campaign in stores, effort not over
(Reuters) – Starbucks Corp head Howard Schultz told employees on Sunday they will no longer be encouraged to write “Race Together” on drinks cups, but the company’s effort to promote discussion of racial issues “is far from over”.
U.S. multinationals set to face much more pain from strong dollar
NEW YORK (Reuters) – The surging value of the U.S. dollar may be posing the biggest threat to U.S. corporate earnings since the 2008 financial crisis, hurting results at most U.S.-based multinationals. Some on Wall Street are even talking about an earn…
How Europe and U.S. stumbled into spat over China-led bank
BRUSSELS/LONDON (Reuters) – Sometime geopolitical shifts happen by accident rather than design.
Lafarge performance cost boss post-merger CEO role, Holcim chief tells paper
PARIS (Reuters) – Lafarge boss Bruno Lafont had to be removed as chief executive-elect of a merged Lafarge-Holcim cement group because of the “value drift” that occurred after the tie-up was announced last April, Holcim’s chief executive said.
U.S. multinationals set to face much more pain from strong dollar
NEW YORK (Reuters) – The surging value of the U.S. dollar may be posing the biggest threat to U.S. corporate earnings since the 2008 financial crisis, hurting results at most U.S.-based multinationals. Some on Wall Street are even talking about an earn…
IMF, ADB add to supporters for China-led development bank
BEIJING (Reuters) – China received critical support from the International Monetary Forum and Asian Development Bank on Sunday for its goal of establishing a new Chinese-led multilateral lender, adding to a growing wave of endorsements that has worried…
Investors eye data as stocks approach records
(Reuters) – Investors enjoying near-record levels for major stock indexes will scrutinize housing data and other economic indicators in the coming week for hints about the timing of U.S. interest rate hikes to see if the rally will continue.
HSBC Asset Management buying bonds of commodity exporters, Russia, Brazil
DUBAI (Reuters) – HSBC Global Asset Management, an arm of HSBC Holdings , is buying bonds of commodity exporting countries because their valuations have dropped so far with the plunge of oil prices, an executive said.
U.S. inflation, Greek tensions in focus
ROME (Reuters) – Markets still digesting an unexpectedly cautious message from the Federal Reserve will get more food for thought this week with U.S. inflation data and potentially rising risks of a Greek exit from the euro zone.
IMF happy to cooperate with China on AIIB: Lagarde
BEIJING (Reuters) – The International Monetary Fund will be “delighted” to cooperate with the China-led Asian Infrastructure Investment Bank (AIIB), said IMF managing director Christine Lagarde on Sunday.
