Business

As Jackson Hole conference kicks off, two Fed officials warn about inflation

Thursday, August 27 by SRN News

By Michael S. Derby Aug 27 (Reuters) - Two Federal Reserve officials on Thursday shared their ongoing concerns about the U.S. inflation outlook, as central bankers gathered in Jackson Hole, Wyoming for the Kansas City Fed's closely watched annual economic symposium. Inflation is "still stubborn and... Read More.

South Korean police scandal over missing person cases deepens public distrust

Thursday, August 27 by SRN News

SEOUL, South Korea (AP) - A South Korean police officer's alleged falsification of documents in two missing person cases has exposed gaps in police oversight and fueled public distrust of police. Those two missing people - and two others - were found dead on... Read More.

Kidnappers in Nigeria collected more than $5 million in ransoms in a year, analysts say

Thursday, August 27 by SRN News

ABUJA, Nigeria (AP) - Kidnappers in Nigeria collected more than $5 million in ransom payments over the last year, a Lagos-based intelligence group said Thursday, as the country faces a multifaceted security crisis. "For every ransom that is paid for a kidnapping incident, you are... Read More.

Canada’s RBC, TD, CIBC top profit estimates

Thursday, August 27 by SRN News

By Nivedita Balu and Arasu Kannagi Basil Aug 27 (Reuters) - Royal Bank of Canada, TD Bank and CIBC beat quarterly profit estimates on Thursday as the Canadian lenders largely benefited from strong earnings in their capital markets segments. The results wrap up the third-quarter earnings... Read More.

Dollar General raises annual comparable sales forecast

Thursday, August 27 by SRN News

Aug 27 (Reuters) - Discount retailer Dollar General raised its annual comparable sales forecast on Thursday, betting on its lower-priced essentials to attract value-seeking shoppers amid macroeconomic uncertainty. The company expects annual same-store sales to grow in the range of 2.5% to 2.9%, compared with... Read More.

Fed’s Warsh faces challenge whether inflation is a problem or not

Thursday, August 27 by SRN News

By Howard Schneider and Ann Saphir JACKSON HOLE, Wyoming, Aug 27 (Reuters) - U.S. auto prices rose at a roughly 5% annualized pace in July, housing and utility costs increased at more than a 3.5% rate, and recreational goods prices soared by a double-digit pace... Read More.

Chinese state oil giant CNOOC sees potential for US-China energy cooperation

Thursday, August 27 by SRN News

By Sam Li and Lewis Jackson Aug 27 (Reuters) - Chinese state-owned oil and gas major CNOOC sees potential for energy cooperation between China and the United States, its CEO said on Thursday, adding that the company would consider investments alongside U.S. partners in the... Read More.

Russia bombards 9 Ukrainian cities overnight, calling the strikes ‘massive’

Thursday, August 27 by SRN News

KYIV, Ukraine (AP) - Russia bombarded cities across Ukraine with missiles and drones in an overnight onslaught that ran into the daylight of hours Thursday, when explosions echoed around Kyiv through the morning. Ukraine is desperately short of U.S.-made Patriot air defense missiles that can... Read More.

China launches year-long auto quality drive, mandates defect recalls

Thursday, August 27 by SRN News

BEIJING, Aug 27 (Reuters) - Chinese regulators on Thursday ordered automakers to file proactive recall plans for any defects uncovered in self-audits, as part of a year-long campaign to improve vehicle quality and safety in the world's largest auto market. Tesla and eight Chinese electric... Read More.

Hormel Foods cuts annual sales forecast as sluggish consumer demand weighs

Thursday, August 27 by SRN News

Aug 27 (Reuters) - Hormel Foods cut its annual sales forecast on Thursday, weighed down by declines in the retail segment and weak demand for private-label snack nuts amid a pressured consumer environment. Consumer demand across the packaged-food industry has remained subdued, with broader inflationary... Read More.

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Current Weather

As Jackson Hole conference kicks off, two Fed officials warn about inflation

South Korean police scandal over missing person cases deepens public distrust

Kidnappers in Nigeria collected more than $5 million in ransoms in a year, analysts say

Canada’s RBC, TD, CIBC top profit estimates

Dollar General raises annual comparable sales forecast

Fed’s Warsh faces challenge whether inflation is a problem or not

Chinese state oil giant CNOOC sees potential for US-China energy cooperation

Russia bombards 9 Ukrainian cities overnight, calling the strikes ‘massive’

China launches year-long auto quality drive, mandates defect recalls

Hormel Foods cuts annual sales forecast as sluggish consumer demand weighs

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