Big Lots to transfer some assets to Variety Wholesalers among others
(Reuters) – Big Lots (NYSE:BIG) said on Friday that it has agreed with Gordon Brothers Retail Partners to sell its stores, distribution centers and intellectual property to retailers, including Variety Wholesalers, in an attempt to maintain its brand and secure…
Fire at Tyson Foods poultry plant in Georgia kills one, company says
By Julie Ingwersen CHICAGO (Reuters) – A fire overnight at a Tyson Foods (NYSE:TSN) poultry plant in Camilla, Georgia, killed one person and injured several others, the company said in a statement on Friday. Tyson, the biggest U.S. meat company…
China’s Nov industrial profits narrow decline but demand remains soft
BEIJING (Reuters) -China’s industrial profits fell at a slower clip in November, official data showed on Friday, offering some respite to an embattled sector even as persistently soft domestic demand delays a recovery. The world’s second-largest economy has been struggling…
Asian stocks drift, yen at 5-month low in thin year-end trading
By Ankur Banerjee SINGAPORE (Reuters) – Asian stocks wobbled on Friday while the dollar was steady, keeping the yen rooted near five-month lows in thin year-end trading as investors looked ahead to 2025, when the Federal Reserve is expected to…
China says new housing metrics behind upward revision to 2023 GDP
BEIJING (Reuters) – China said on Friday its 2023 gross domestic product was revised upward due in part to changes in housing sector calculation methods, which would also affect the size of the economy in 2024 but have little impact…
India’s widening bank liquidity deficit warrants more measures, traders say
By Dharamraj Dhutia MUMBAI (Reuters) – India’s banking system liquidity deficit is set to widen further in the upcoming quarter, leading to more voices demanding durable liquidity injection. The banking system’s liquidity shortfall has jumped to its highest level in…