Category Archives:
Goldman ups Fed hike forecast to 7 rate increases in 2022 after CPI data
HONG KONG (Reuters) - Goldman Sachs now expects seven 25 basis point interest rate rises from the U.S. Federal Reserve this year, up from its previous forecast of five, updating its forecast after Thu...
Feb 10, 2022
Factbox-Indian cotton yarn’s journey, from knitting to packing
By Krishna N. Das HINDUPUR, India (Reuters) - India is hoping its labour-intensive textiles and apparel (T&A) companies will help it address a jobs crisis, and has promised to pump about $2 billion in...
Feb 10, 2022
Purdue’s Sacklers consider adding another $1 billion to opioid settlement – Bloomberg News
(Reuters) - Members of the billionaire Sackler family that owns Purdue Pharma are weighing whether to add $1 billion to the OxyContin-maker's faltering opioid settlement bid in an effort to win over h...
Feb 10, 2022
Tesla plans to locate China design centre in Beijing, city govt says
SHANGHAI (Reuters) - U.S. electric carmaker Tesla plans to place its China design centre in Beijing, a government document issued by the Chinese capital said. Tesla said in 2020 it planned to open suc...
Feb 10, 2022
Asian shares fall, U.S. treasury yields hold firm after U.S. inflation data
By Stella Qiu and Alun John HONG KONG (Reuters) - Asian share markets fell on Friday, after red-hot U.S. inflation data and hawkish comments from a Federal Reserve official fuelled bets on U.S. intere...
Feb 10, 2022
Oil prices slip on hot U.S. inflation concerns
By Emily Chow BEIJING (Reuters) - Oil prices eased early on Friday as hot U.S. inflation fanned worries about aggressive interest rate hikes and as investors await the outcome of U.S.-Iran talks that ...
Feb 10, 2022
Asia’s slow aviation recovery to cast shadow over Singapore Airshow
By Chen Lin and Jamie Freed SINGAPORE (Reuters) - The Asia-Pacific aviation industry's slow recovery from the pandemic amid government restrictions will cast a shadow over the Singapore Airshow next w...
Feb 10, 2022
India’s textile industry revs up, giving hope on jobs for PM Modi
By Krishna N. Das HINDUPUR, India (Reuters) - At Texport Industries' factories in India's south, thousands of mostly women workers are busy converting yarn and fabrics into T-shirts, shirts, spaghetti...
Feb 10, 2022
In a first, former prisoner takes seat in New York State Assembly
By Dan Fastenberg NEW YORK (Reuters) - As far as Eddie Gibbs knows, he is the first person elected to the New York State Legislature who previously served time in prison, but shortly before his inaugu...
Feb 10, 2022
Rate hike bets keep U.S. dollar bid
By Tom Westbrook SINGAPORE (Reuters) - The dollar was firm in Asia on Friday after hotter-than-expected U.S. inflation and hawkish comments from a Federal Reserve official unleashed a wave of bets on ...
Feb 10, 2022
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