Category Archives:
HSBC in talks to sell Russian lending business to Expobank -source
LONDON (Reuters) - HSBC is in advanced talks to sell its Russian corporate lending business to Expobank, a source with knowledge of the matter told Reuters, as many major banks exit the country. Sever...
Jul 06, 2022
U.S. service sector index at 2-year low, employment shrinks – ISM survey
WASHINGTON (Reuters) - The U.S. services industry slowed less than expected in June, but a measure of services employment dropped to a two-year low, suggesting that demand for labor could be ebbing as...
Jul 06, 2022
Facebook asks U.S. court for old FTC merger documents in antitrust fight
WASHINGTON (Reuters) - Meta's Facebook has asked a U.S. court for eight documents created by the U.S. Federal Trade Commission as part of their review of the company's purchases of Instagram and Whats...
Jul 06, 2022
As Canada’s government spends, central bank bears burden of taming inflation
By Fergal Smith TORONTO (Reuters) - Canadian government spending is leaving the Bank of Canada to work alone to rein in the highest inflation rate in nearly four decades, economists say. When the pand...
Jul 06, 2022
Soccer-DXC to become Man United’s sleeve sponsor, manage digital presence
By Supantha Mukherjee STOCKHOLM (Reuters) - IT and consulting services provider DXC has signed a deal with Manchester United to become the Premier League club's sleeve sponsor, manage its digital pres...
Jul 06, 2022
Bank of Canada to go for bigger rate hikes, but pause before Fed does – Reuters poll
By Indradip Ghosh BENGALURU (Reuters) - The Bank of Canada is set to raise its overnight rate by a hefty 75 basis points this month and by another 50 in September, front-loading a campaign to take mon...
Jul 06, 2022
UniCredit CEO Orcel takes direct charge of Italian business – memo
MILAN (Reuters) - UniCredit CEO Andrea Orcel has taken direct responsibility for running the Italian bank's domestic business after the board decided to remove the country's head Niccolo Ubertalli, an...
Jul 06, 2022
U.S. Senate Democrats reach deal to lower drug prices
By Moira Warburton and Richard Cowan WASHINGTON (Reuters) -U.S. Senate Democrats have reached a deal among themselves on a bill allowing Medicare to negotiate prescription drug prices for seniors, an ...
Jul 06, 2022
Sterling to regain some lost ground over coming year – Reuters poll
By Jonathan Cable LONDON (Reuters) - Sterling, down nearly 12% against the dollar since the start of this year, is likely to regain around half of its lost ground in 2022 over the next 12 months as th...
Jul 06, 2022
EV maker Rivian’s deliveries nearly quadruple as it ramps up production
(Reuters) -Rivian Automotive Inc said on Wednesday it delivered 4,467 vehicles in the second quarter, a sequential rise of nearly four times, as a ramp-up in production and red-hot demand helped the e...
Jul 06, 2022
Peoria, IL, USA
42 °F Sunny
