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U.S. producer prices unexpectedly fall in March
WASHINGTON (Reuters) - U.S. producer prices unexpectedly fell in March as the cost of gasoline declined, and there were signs that underlying producer inflation was subsiding. The producer price index...
Apr 13, 2023
IMF’s says global economy needs to overcome weak growth, sticky inflation
WASHINGTON (Reuters) - International Monetary Fund Managing Director Kristalina Georgieva said on Thursday that the global economy has proven remarkably resilient to multiple shocks, but has yet to ov...
Apr 13, 2023
JPMorgan has made deep cuts to metals business – Bloomberg News
(Reuters) - JPMorgan Chase & Co has cut dozens of base metals clients and slashed bankers' bonuses after last year's nickel crisis, Bloomberg News reported on Thursday, citing people familiar with the...
Apr 13, 2023
Saudi inflation eases in March to 2.7% – govt data
DUBAI (Reuters) - Saudi Arabia's annual inflation rate eased to 2.7% in March from 3% in February, government data showed on Thursday, driven mainly by an increase in housing rents. Housing, water, el...
Apr 13, 2023
Factbox-Wall St banks expect one more Fed rate-hike as recession looms
(Reuters) - Most major U.S. banks expect the Federal Reserve to raise interest rates by another 25 basis points next month, following evidence of sticky inflation and a strong labor market. The Fed ha...
Apr 13, 2023
Pfizer signs strategic cooperation pact with China’s Sinopharm
(Reuters) - Pfizer said on Thursday it has signed a strategic cooperation agreement with China's Sinopharm Group, and plans to seek approval to market 12 innovative drugs in China through 2025. Sinoph...
Apr 13, 2023
U.S. weekly jobless claims increase as labor market slows
WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits increased more than expected last week, a further sign that labor market conditions were loosening up as high...
Apr 13, 2023
European Data Protection Board creates ChatGPT task force
BRUSSELS (Reuters) - The European Data Protection Board (EDPB) on Thursday moved to create a task force on ChatGPT, the agency said in a statement. The EDPB is an independent body that oversees data p...
Apr 13, 2023
Apple to use only recycled cobalt in batteries by 2025
(Reuters) -Apple Inc said on Thursday it would use only recycled cobalt in batteries by 2025 as a part of its efforts to make all its products carbon neutral by the end of the decade. Magnets in Apple...
Apr 13, 2023
British fashion designer Mary Quant dies aged 93 – PA Media
LONDON (Reuters) - British fashion designer Mary Quant, credited with designing the mini skirt that helped to define the swinging 60s, has died aged 93, PA Media reported on Thursday. (Reporting by Ka...
Apr 13, 2023
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