Category Archives:
Rate hikes to have limited impact on Indian banks’ profits – Moody’s
BENGALURU (Reuters) - The Reserve Bank of India's slew of rate hikes this year to combat surging inflation will help lift banks' net interest margins, but the increase will be limited as funding costs...
Oct 12, 2022
Austria plans to bring budget deficit within 3% of GDP next year
VIENNA (Reuters) - Austria plans to bring its budget deficit within the European Union's limit of 3% of gross domestic product in 2023, a finance ministry presentation published shortly before Finance...
Oct 12, 2022
Targeted Turkish credit policies benefiting SMEs -deputy cenbank head
By Nevzat Devranoglu ANKARA (Reuters) - Targeted credit policies adopted by Turkey's central bank have this year enabled small and medium-sized businesses (SMEs) to grab their highest ever share of ba...
Oct 12, 2022
Mercedes-Benz and Microsoft collaborate on supply chain data platform
BERLIN (Reuters) - Mercedes-Benz and Microsoft announced a partnership on Wednesday using Microsoft Cloud for a data platform intended to improve production efficiency at over 30 passenger car plants ...
Oct 12, 2022
Turkish factory output rises 1% yr-on-yr in August
ISTANBUL (Reuters) - Turkish industrial production expanded 1% year-on-year in August, data showed on Wednesday, extending its rise for a 26th consecutive month against a background of surging inflati...
Oct 12, 2022
Apple to roll out 5G in India in Dec amid early adoption push
NEW DELHI (Reuters) - Apple Inc will start upgrading its iPhone models in India in December to make them compatible with 5G networks, the company said on Wednesday, as Indian authorities pressed mobil...
Oct 12, 2022
Philippines central bank’s policy settings remain accommodative, says governor
MANILA (Reuters) - The Philippines central bank's monetary policy settings remain accommodative, its governor said on Wednesday. Bangko Sentral ng Pilipinas Governor Felipe Medalla also told a banking...
Oct 12, 2022
UK finance minister says growth plan will address challenges as economy shrinks
LONDON (Reuters) - Britain's finance minister Kwasi Kwarteng said on Wednesday that the government's growth plan will address the challenges faced by the country after the latest data showed the econo...
Oct 12, 2022
Darktrace sticks to guidance, wary of FX headwinds
LONDON (Reuters) - British cybersecurity company Darktrace said it was maintaining its 2023 guidance but warned that foreign exchange headwinds could weigh on it during the period. U.S. technology inv...
Oct 12, 2022
Eutelsat’s Q1 sales down by 4.5%, driven by fall in broadcast
PARIS (Reuters) - Eutelsat, the world's third-biggest satellite operator by revenue, reported on Wednesday a 4.5% decline in revenues in the first quarter of its fiscal year, driven by a steep fall of...
Oct 12, 2022
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