Category Archives:
Canada extends consultation period for RBC’s $13.5 billion bid for HSBC unit
TORONTO (Reuters) - Canada's finance ministry has extended the consultation period for Royal Bank of Canada's $13.5 billion proposed acquisition of HSBC's Canadian unit by 15 days due to a technical e...
Jul 10, 2023
US wholesale inventories revised higher in May
WASHINGTON (Reuters) - U.S. wholesale inventories were unchanged in May after declining for two straight months, suggesting inventory investment could support economic growth in the second quarter. Th...
Jul 10, 2023
Fed’s Barr lays out plan to order more capital for large U.S. banks
By Pete Schroeder WASHINGTON (Reuters) - The Federal Reserve's top regulatory official laid out a sweeping plan to increase capital requirements for the nation's largest banks, saying recent bank fail...
Jul 10, 2023
Meta’s Twitter rival Threads hits 100 million users in record five days
(Reuters) - Meta Platforms' Twitter rival Threads crossed 100 million sign-ups in five days, CEO Mark Zuckerberg said on Monday, dethroning ChatGPT as the fastest online platform to hit the milestone....
Jul 10, 2023
EU announces new U.S. data transfer pact, but challenge ahead
By Foo Yun Chee BRUSSELS (Reuters) - The European Commission announced on Monday a data transfer agreement with the United States after Europe's top court annulled two previous pacts that underpinned ...
Jul 10, 2023
Fitch upgrades Pakistan’s sovereign rating to CCC after IMF deal
By Asif Shahzad ISLAMABAD (Reuters) - Fitch credit rating agency on Monday upgraded Pakistan's long-term foreign currency issuer default rating to CCC from CCC-, a positive sign for a country reeling ...
Jul 10, 2023
India raised questions over Foxconn-Vedanta chip incentive plan -source
BENGALURU (Reuters) - Taiwan's Foxconn pulled out of a semiconductor joint venture with Vedanta after India's government raised questions over its application for an incentive scheme for chip producti...
Jul 10, 2023
Johannesburg residents stunned by once-in-a-decade snowfall
JOHANNESBURG (Reuters) - Residents of South Africa's biggest city Johannesburg were stunned by the first snowfall in over a decade on Monday, with some children seeing snow for the first time. While p...
Jul 10, 2023
Brazil likely registered deflation in June, adding to rate cut case: Reuters Poll
By Gabriel Burin (Reuters) - Brazil likely registered mild deflation in June in monthly terms from lower fuel costs and cheaper foodstuffs, adding to the case for a potential start of a monetary easin...
Jul 10, 2023
China central bank extends policies for financial support of real estate market
BEIJING (Reuters) - China's central bank on Monday extended until the end of 2024 some policies in a November rescue package to shore up the real estate sector, with current supports for the sector fa...
Jul 10, 2023
Peoria, IL, USA
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