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US to name first 10 drugs for Medicare price negotiation
By Patrick Wingrove (Reuters) - The Biden administration on Tuesday is expected to release its list of 10 prescription medicines that will be subject to the first-ever price negotiations by the U.S. M...
Syndicated Content Aug 29, 2023
Explainer-What’s at stake in Grayscale’s spot bitcoin ETF case against the SEC?
By Hannah Lang (Reuters) - The U.S. District of Columbia Court of Appeals will soon rule on whether the Securities and Exchange Commission (SEC) wrongly rejected an application from crypto asset manag...
Syndicated Content Aug 29, 2023
Inceptio sees big jump in China sales of driver-assist truck tech, plans overseas foray
SHANGHAI (Reuters) - Chinese startup Inceptio expects the number of trucks in China using its driver-assist technology will quadruple by mid-2024 from around 600 currently, and also plans to begin sal...
Syndicated Content Aug 29, 2023
French consumers massively cutting essential purchases, Carrefour CEO warns
PARIS (Reuters) - The CEO of French retailer Carrefour warned on Tuesday that consumers were massively curbing purchases of essential staples due to high prices, and urged French authorities to delay ...
Syndicated Content Aug 29, 2023
Exclusive-Ukraine winter wheat sowing seen unchanged despite export crisis
By Pavel Polityuk KYIV (Reuters) - Ukrainian farmers are not expected to reduce the area of winter wheat they sow for the 2024 harvest despite higher logistics costs due to the wartime export crisis, ...
Syndicated Content Aug 29, 2023
Bank of Montreal’s quarterly profit falls on higher bad loan provisions
(Reuters) - Bank of Montreal on Tuesday reported a decline in third-quarter profit as the Canadian lender set aside more rainy-day funds to cover potential losses from loan defaults. The bank reported...
Syndicated Content Aug 29, 2023
China companies’ fundraising options narrow after IPO restrictions
By Samuel Shen and Kane Wu SHANGHAI/HONG KONG (Reuters) - China's surprise move to slow the pace of mainland initial public offerings (IPOs) in an attempt to bolster the secondary market will cloud th...
Syndicated Content Aug 29, 2023
China’s AgBank posts 3.48% rise in first-half profit
HONG KONG/BEIJING (Reuters) -Agricultural Bank of China Ltd (AgBank), the country's third-largest lender by assets, reported a 3.48% rise in first-half net profit on Tuesday. AgBank said net profit fo...
Syndicated Content Aug 29, 2023
‘Revenge travel’ could be here to stay – Irish hotel chief
DUBLIN (Reuters) - The post-pandemic trend of people prioritising travel could be a more permanent change in consumers' spending habits, the head of Ireland's largest hotel group Dalata said on Tuesda...
Syndicated Content Aug 29, 2023
Arla cuts sales forecast as consumers opt for cheaper butter, cheese
By Johannes Birkebaek COPENHAGEN (Reuters) - Danish dairy firm Arla lowered its full-year sales forecast on Tuesday, saying inflation and the rising cost of living in Europe were prompting consumers t...
Syndicated Content Aug 29, 2023
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