Kroger plans for 1 million Covid-19 booster shots a week, including in nursing homes
U.S. grocery chain Kroger Co (KR.N) is gearing up to administer 1 million COVID-19 booster shots a week once they are available to the general public, and plans to offer vaccines in nursing homes for those who cannot go to its stores.
The S&P 500 nabs another all-time closing high ahead of Jackson Hole
Wall Street gained ground on Wednesday, with chipmakers and financials helping to push the S&P 500 and the Nasdaq to record closing highs as investors look to the upcoming Jackson Hole Symposium for assurances that Federal Reserve’s timeline for policy tightening remains intact.
Taiwan c.bank says economy not overheating, inflation stable
TAIPEI, Aug 25 (Reuters) – Taiwan’s economy is not overheating and inflation is well under control, central bank governor Yang Chin-long said on Wednesday, as he responded to lawmakers’ questions about prospects for an interest rate rise.
EXCLUSIVE Toshiba in talks with four investment firms for strategic ideas -sources
Toshiba Corp (6502.T) is in talks with at least four global private equity firms including KKR & Co Inc (KKR.N) and Blackstone Inc (BX.N) to seek their ideas for its new strategy, three sources with knowledge of the matter said.
Global corporate profits to fall 8% in Q3 after record Q2 – data
Global corporate profits in the third quarter are likely to fall for the first time in 18 months after record earnings in April-June, Reuters calculations showed, as the spreading COVID-19 Delta variant squeezes supply chains and raises labour costs.
Analysis: Higher U.S. food benefits give legs to dollar stores’ fresh food push
U.S. dollar stores including Dollar General and Family Dollar are likely to see a sales and earnings boost from the Biden administration’s plan to hike food stamp benefits, an added payoff for the chains’ strategy to tap the $274 billion fresh food market.
EXCLUSIVE U.S. approves licenses for Huawei to buy auto chips – sources
U.S. officials have approved license applications worth hundreds of millions of dollars for China’s blacklisted telecom company Huawei to buy chips for its growing auto component business, two people familiar with the matter said.
EXCLUSIVE Retailers and unions extend legally binding worker safety accord in Bangladesh – sources
Major global retailers have agreed to extend for a further two years a legal agreement with garment workers and factory owners in Bangladesh that subjects retailers to legal action if their factories fail to meet labour safety standards, according to a copy of the agreement seen by Reuters on Wednesday.
South Korea’s youth debt binge shows no sign of slowing as rate hike looms
When South Korea announced new lending curbs last month, Joe Park, a 34-year-old grocery chain purchasing manager, scrambled to borrow more money before the tighter rules took effect.
BOJ policymaker warns of global impact from chip crunch, Asia factory closures
A shortage of semiconductor chips may persist for the rest of this year if the coronavirus pandemic keeps Southeast Asian factories shut, a Bank of Japan policymaker said, highlighting supply constraints as among key risks to the global economy.
