Category Archives:
Goldman Sachs now expects three more Fed rate hikes in 2023
(Reuters) - Goldman Sachs said it now expects the U.S. Federal Reserve to raise interest rates three more times this year, by a quarter of a percentage point each, after data this week pointed to hot ...
Feb 17, 2023
Sugar producer Tereos names Boucas as CEO
PARIS (Reuters) - Tereos, the world's second-largest sugar producer, said on Friday it had appointed Jorge Boucas as its chief executive officer effective from April. Its former chief executive steppe...
Feb 17, 2023
Investors pull $2.5 billion in days from Binance’s stablecoin on regulatory scrutiny
SINGAPORE (Reuters) - About $2.5 billion flowed out from Binance's stablecoin this week, Binance's CEO said on Twitter, after U.S. regulators turned their sights on the cryptocurrency. Most of the mon...
Feb 17, 2023
U.S. tries to woo India away from Russia with display of F-35s, bombers
By Krishn Kaushik BENGALURU -The United States brought its most advanced fighter jet, the F-35, to India for the first time this week alongside F-16s, Super Hornets and B-1B bombers as Washington look...
Feb 17, 2023
China set to leave lending benchmarks unchanged as economic recovery seen on track
SHANGHAI (Reuters) - China is widely expected to leave its benchmark lending rates unchanged at the monthly fixing on Monday, a Reuters survey showed, as investors believe the world's second-largest e...
Feb 17, 2023
Russian rouble slides past 75 vs dollar to near 10-month low
MOSCOW (Reuters) - The Russian rouble fell past 75 to the dollar on Friday, extending a recent weakening trend sparked by embargoes on Russian oil products and the steady recovery of imports, which ha...
Feb 17, 2023
Hermes sales lifted by robust growth in U.S., Asia
By Mimosa Spencer PARIS (Reuters) -Birkin bag maker Hermes posted a 22.9% rise in fourth quarter sales, lifted by brisk business in the United States, and flagged "no fundamental change" in trends in ...
Feb 17, 2023
Credit Suisse Singapore CEO to leave in latest banker exit at firm
SINGAPORE (Reuters) - Credit Suisse Singapore chief executive officer, Chien Chien Wong, is leaving to pursue outside interests, according to a memo seen by Reuters, in the latest senior banker depart...
Feb 17, 2023
Exclusive: Tencent scraps plans for VR hardware as metaverse bet falters – sources
By Josh Ye HONG KONG (Reuters) - Tencent Holdings is abandoning plans to venture into virtual reality hardware, as a sobering economic outlook prompts the Chinese tech giant to cut costs and headcount...
Feb 17, 2023
Russia stands by 2% of GDP budget deficit plan after huge Jan shortfall
By Darya Korsunskaya and Alexander Marrow MOSCOW (Reuters) -Russia's finance ministry is sticking with plans to post a budget deficit of no more than 2% of gross domestic product (GDP) in 2023, despit...
Feb 17, 2023
Peoria, IL, USA
49 °F Partly cloudy
