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As Tesco and Sainsburys Seize Moment, UK Grocery Laggards Face Uphill Task

Tesco and Sainsbury39;s winning market share Asda and Morrisons hamstrung by debt payments LONDON, March 11 Reuters As British shoppers try to stretch their spending further each week, supermarket leaders Tesco and Sainsbury39;s are using their superior financial firepower to win over customers from debtladen rivals struggling to compete. A recent survey from consumer group […]
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Italys TIM sees net Debt Rising in 2024 after Network Sale

MILAN, March 11 Reuters Telecom Italia39;s TIM proforma net debt following its planned landline network sale will rise to about 7.5 billion euros 8.2 billion this year, the company said after a special board meeting to analyse a market rout of its shares. TIM held an extraordinary board meeting on Sunday, after the presentation of its threeyear strategy […]
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Yen Firm as Bets Build for Imminent BOJ Rate Hike

TOKYO, March 11 Reuters The yen firmed against the dollar on Monday as signs the Bank of Japan will exit negative interest rates at its policy meeting next week contrasted with expectations that the Federal Reserve will cut rates in June. The dollar index, which measures the currency against the yen and five other major rivals, stuck […]
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UAE Bourses Gain on Rate Cut Bets

March 8 Reuters United Arab Emirates stock exchanges ended higher on Friday, tracking global equities after U.S.Federal Reserve chair indicated that rate cuts might start within months. The MSCI AllCountry stock index was up 0.9, while MSCI39;s broadest index of AsiaPacific shares outside Japan gained 0.4. Federal Reserve Chair Jerome Powell said on Thursday the U.S. central […]
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Dollar Slips as Data Keeps Rate Cut Hopes Intact

NEW YORK, March 8 Reuters The dollar slipped against the euro on Friday after data showed U.S. job growth accelerated in February, but a rise in the unemployment rate and moderation in wage gains kept an anticipated June interest rate cut from the Federal Reserve on the table. Nonfarm payrolls increased by 275,000 jobs last month, […]
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