Category Archives:
Daimler CEO: Toyota truck deal will make us less dependent on Chinese market
HAMBURG (Reuters) - A deal between Daimler Truck and Toyota Motor Corp to combine their truck units in Japan will give the German group a more "balanced" market position in Asia and reduce its relianc...
May 30, 2023
Exclusive-UniCredit cuts Amundi funds’ share in assets under management – source
By Valentina Za MILAN (Reuters) - UniCredit has been trimming the proportion of Amundi funds in its total assets under management as a decade-long deal between the companies enters its final years, a ...
May 30, 2023
IMF reaches staff agreement on Ukraine loan review; will enable $900 million disbursement
WASHINGTON (Reuters) - The International Monetary Fund said on Tuesday that it has reached a staff-level agreement with Ukraine for the first review of the war-torn country's $15.6 billion IMF loan pr...
May 30, 2023
US consumer confidence dips in May – survey
WASHINGTON (Reuters) - U.S. consumer confidence slipped in May as concerns about the economic outlook lingered, but more households planned to purchase motor vehicles and other big-ticket items over t...
May 30, 2023
Purdue Pharma can protect Sackler owners in opioid bankruptcy, court rules
By Dietrich Knauth NEW YORK (Reuters) - Bankrupt OxyContin maker Purdue Pharma can shield its owners, members of the wealthy Sackler family, from opioid lawsuits in exchange for a $6 billion contribut...
May 30, 2023
Energy ‘insecure’ households in US paid higher bills in 2020, says EIA
(Reuters) - U.S. households that faced challenges in paying for their basic energy needs were billed about 19% more per square foot than the national average in 2020, the U.S. Energy Information Admin...
May 30, 2023
Goldman head of sovereign business Powell McCormick moves to merchant bank-source
NEW YORK (Reuters) - Dina Powell McCormick, the head of Goldman Sachs Group Inc's sovereign business who also leads its sustainability efforts, is leaving, the bank said Tuesday. Powell McCormick, one...
May 30, 2023
World Bank approves $1 billion loan to Kenya
NAIROBI (Reuters) - The World Bank said on Tuesday it approved a $1 billion loan to Kenya to support its budget as East Africa's economic powerhouse confronts high debts and a weakening currency. The ...
May 30, 2023
Microsoft says UK regulator an ‘outlier’ for blocking Activision deal
By Sam Tobin and Paul Sandle LONDON (Reuters) - Microsoft on Tuesday accused Britain's anti-trust regulator of being a global "outlier" in blocking its $69 billion takeover of "Call of Duty" maker Act...
May 30, 2023
Explainer-Why is OPEC+ cutting oil output?
LONDON (Reuters) - OPEC and its allies, including Russia, meet in Vienna on June 4 to decide on their output policy. The group, known as OPEC+, agreed on April 2 to increase crude oil production cuts ...
May 30, 2023
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