Reuters Arkhouse Management, a realestatefocused investing firm said on Sunday it and Brigade Capital Management have raised their offer for Macy39;s after the department store chain rebuffed their prior proposal as too low. The firms are now offering to acquire Macy39;s stock they don39;t already own for 24 per share, about 14 more than its previous […]

SEOUL, March 4 Reuters South Korea39;s factory activity expanded for a second straight month in February but at a slower pace due to weakening overseas demand, especially in Europe and China, a privatesector survey showed on Monday. The purchasing managers index PMI for South Korean manufacturers, compiled by SP Global, stood at 50.7 in February […]

TOKYO, March 4 Reuters Japan39;s corporate spending on plant and equipment jumped in the fourth quarter, suggesting likely positive revisions to data that showed the economy unexpectedly tipping into recession last year. The solid capex data could also bolster the case for the central bank to normalise its extremely accommodative monetary policy in the near term. Investor […]

BANGKOK, March 4 Reuters Thailand39;s employment rose 1.7 in the final quarter of 2023 from a year earlier, helped by the tourism sector, after a 1.3 yearonyear increase in the previous quarter, the state planning agency said on Monday. Jobs in the hotel and restaurant sector rose 8 annually in the final quarter of 2023 […]

MUMBAI, March 4 Reuters Moody39;s Investor Service sharply raised its gross domestic product GDP forecast for India on Monday, following the strong momentum seen in the South Asian economy in recent quarters, which the ratings agency expects will continue into 2024. India39;s economy has performed well and strongerthanexpected data in 2023 has caused us to […]

EU has discussed for months possible ban of Russian aluminium Expected to propose another package of import bans source Loss of Russian aluminium would leave Europe with shortfall Aluminium prices spiked in wake of US sanctions on Rusal in 2018 Middle East accounted for about 9 of global supply in 2023 IAI LONDON, March 4 […]