Category Archives:
Vigna to set out Ferrari’s route into electric vehicle era
By Giulio Piovaccari MILAN (Reuters) - Nine months after taking the top job, Ferrari CEO Benedetto Vigna will be expected this week to explain how the carmaker will preserve its cachet - and top tier ...
Jun 13, 2022
Euro zone to avoid recession, growth to accelerate in Q3 – ECB survey
FRANKFURT (Reuters) - The euro zone will avoid a recession this year and growth will accelerate noticeably after bottoming out in the second quarter, a key European Central Bank survey showed on Monda...
Jun 13, 2022
German economy minister welcomes move to higher interest rates
BERLIN (Reuters) - German Economy Minister Robert Habeck on Monday welcomed the European Central Bank's indication last week that it would deliver next month its first interest rate hike since 2011. "...
Jun 13, 2022
‘Compelled by circumstances’: some banks forecast 75bp Fed hike
SINGAPORE (Reuters) - Investment banks have ramped up projections for U.S. interest rate rises following a hotter-than-expected inflation reading, with several now forecasting a 75-basis-point hike th...
Jun 13, 2022
LG Energy Solution to invest $568 million in South Korean factories
SEOUL (Reuters) -LG Energy Solution said on Monday it will invest 730 billion won ($567.76 million) to expand its production capacity at its Ochang production site in South Korea. The South Korean bat...
Jun 13, 2022
India tribunal rejects Amazon appeal against suspension of deal with Future
MUMBAI (Reuters) - An Indian appeals tribunal on Monday rejected Amazon.com Inc's appeal against an antitrust suspension of its $200 million investment deal with Future Group, saying the U.S. company ...
Jun 13, 2022
Thailand approves $1 billion Foxconn-PTT EV battery JV
BANGKOK (Reuters) - Thailand's investment agency on Monday approved a joint venture worth 36.1 billion baht ($1.04 billion) between Taiwan's Foxconn and Thailand's PTT to produce batteries for electri...
Jun 13, 2022
Marketmind: Who wants to be a central banker?
A look at the day ahead in markets from Sujata Rao. A half-point U.S. Fed interest rate rise was always a done deal for Wednesday, but with annual inflation rising at the fastest since 1981, expectati...
Jun 13, 2022
Ukraine southern Odesa region starts 2022 grain harvest
KYIV (Reuters) - Farmers of Ukrainian southern Odesa region have started the 2022 grain harvest taking advantage of favourable weather, regional officials said late on Sunday. Ukraine has already comp...
Jun 13, 2022
London’s Heathrow says May was busiest month since March 2020
LONDON (Reuters) - London's Heathrow Airport said on Monday that May was its busiest month since March 2020 as it dealt with 5.3 million passengers, 79% of 2019 levels. Cancelled flights, long queues ...
Jun 13, 2022
Peoria, IL, USA
38 °F Partly cloudy
