Category Archives:
India monetary tightening cycle not over, inflation remains a concern -MPC minutes
By Swati Bhat MUMBAI (Reuters) - India's current rate tightening cycle may not be over as more hikes could be warranted to align inflation towards the central bank's medium term target of 4%, minutes ...
Apr 20, 2023
Euro zone inflation too high – Lagarde
PARIS (Reuters) - Euro zone inflation is too high and the European Central Bank's monetary policy must strive to bring back inflation towards its 2% goal, ECB President Christine Lagarde said on Thurs...
Apr 20, 2023
Credit Suisse has ‘learnt nothing’ from 2008 crash, London court told
By Sam Tobin LONDON (Reuters) - Credit Suisse was accused on Thursday of having "learnt nothing" from the 2008 financial crisis on the first day of a trial at London's High Court over residential mort...
Apr 20, 2023
India’s Cyient reports 48% surge in Q4 revenue on strong deal pipeline
BENGALURU (Reuters) - Engineering and information technology firm Cyient Ltd on Thursday reported a bigger-than-expected rise in fourth-quarter revenue, aided by a strong services deal pipeline. The c...
Apr 20, 2023
US space industry funding drops 53% in Q1, hitting 8-year low – report
By Akash Sriram and Tanya Jain (Reuters) - Investments in the U.S. space industry dropped 53% to $2.2 billion in the three months ending March, a report said, with high interest rates and challenging ...
Apr 20, 2023
Huntington Bancshares beats profit estimate on interest boost
(Reuters) - Huntington Bancshares Inc on Thursday reported a first-quarter profit that narrowly beat analysts' estimates, as a boost from higher interest rates offset a hit from bigger provisions. A s...
Apr 20, 2023
Mexico state-run lithium company analyzing geothermal extraction
By Kylie Madry MEXICO CITY (Reuters) - Mexico's state-run lithium company is examining a geothermal extraction method of the white metal, its Chief Executive Pablo Taddei said in a panel Wednesday, lo...
Apr 20, 2023
Exclusive-German govt to slightly raise 2023 GDP forecast – sources
BERLIN (Reuters) - The German government is set to slightly raise its economic growth forecast for this year while also slightly lowering its prediction for next year, two sources told Reuters on Thur...
Apr 20, 2023
Union Pacific posts higher quarterly revenue on price hikes
(Reuters) - Union Pacific Corp posted a 3% rise in first-quarter revenue on Thursday as the U.S. railroad operator benefited from price hikes and higher fuel surcharge revenue. The company's operating...
Apr 20, 2023
Usiminas posts Q1 profit beat but sees lower steel sales ahead
SAO PAULO (Reuters) - Usiminas expects its steel sales to slip in the second quarter from a year earlier, it said on Thursday, as it kicked off Brazil's earnings season by beating market consensus for...
Apr 20, 2023
Peoria, IL, USA
75 °F Partly cloudy
