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Japan expects launch of U.S. Indo-Pacific economic plan during Biden visit
By David Brunnstrom, Ju-min Park and Michael Martina WASHINGTON/TOKYO (Reuters) - President Joe Biden's visit to Japan this month is expected to coincide with the formal launch of a new U.S. economic ...
Syndicated Content May 09, 2022
BoE’s Saunders says neutral rate might be in 1.25-2.5% range
LONDON (Reuters) - Bank of England policymaker Michael Saunders said the neutral rate of interest - the level at which it neither stimulates nor restrains demand - might be somewhere in the range of 1...
Syndicated Content May 09, 2022
Rivian skids 14% to hit new low on report Ford to sell shares
(Reuters) - Shares of Rivian Automotive Inc opened at a record low on Monday, down 14%, after a report that early investor Ford would be selling a part of its stake in the electric-car maker. Rivian's...
Syndicated Content May 09, 2022
Canada’s RBC to hike base salaries of some employees by 3%
(Reuters) - Royal Bank of Canada on Monday unveiled a slew of employee benefits including a 3% mid-year increase in the base salary of some staff to ease the pressure from a jump in living costs. The ...
Syndicated Content May 09, 2022
Pro-military symbols adorn shop windows of western brands in Moscow
(Reuters) - Salvatore Ferragamo and De Beers branded stores were decked out with pro-military symbols to mark Russia's annual Victory Day parade on Monday, demonstrating how little control high-end re...
Syndicated Content May 09, 2022
Renault CEO – decision on Russian operations to come in weeks
By Nick Carey and Gilles Guillaume LONDON (Reuters) -Renault's top executive said on Monday that the carmaker will decide in the coming weeks on the future of its operations in Russia, where it suspen...
Syndicated Content May 09, 2022
Indonesian president plans to meet Elon Musk over nickel -minister
JAKARTA (Reuters) - Indonesian President Joko Widodo is planning to meet Elon Musk during an upcoming U.S. visit, a minister said on Monday, as the Southeast Asian country seeks to accelerate developm...
Syndicated Content May 09, 2022
Zimbabwe’s bank lending freeze will worsen economic crisis -business chamber
(Reuters) - Zimbabwe's decision to suspend bank lending in a desperate bid to arrest the rapid devaluation of its currency will worsen the economic crisis and expose borrowers to predatory loans, the ...
Syndicated Content May 09, 2022
Wall St slides at open as rising bond yields hit growth stocks
(Reuters) - Wall Street's major indexes opened lower on Monday as rising U.S. Treasury yields amid prospects of aggressive monetary policy tightening weighed on growth stocks, with the sentiment takin...
Syndicated Content May 09, 2022
BoE’s Saunders says he’s worried inflation will be higher than forecasts
LONDON (Reuters) - Bank of England policymaker Michael Saunders, who last week backed a bigger interest rate rise than most of his colleagues, said he was worried that inflation exceed BoE's forecasts...
Syndicated Content May 09, 2022
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