Category Archives:
ABB expects inflation to decline as commodity prices ease
ZURICH (Reuters) - ABB expects lower inflation in future as commodity prices decline and higher interest rates take an effect, CEO Bjorn Rosengren said on Thursday. "We see commodity prices going down...
Jul 21, 2022
Vodacom to hold 100% of new South African tower subsidiary
By Nqobile Dludla JOHANNESBURG (Reuters) - Vodacom Group will retain full ownership of a new subsidiary that will take over its South African tower business, the telecoms company said on Thursday, ann...
Jul 21, 2022
China takes steps to ease up on regulatory crackdown as economy slows
(Reuters) - Chinese authorities imposed a $1.2 billion fine on ride-hailing firm Didi Global Inc, a move that signalled an end to a year-long probe into the ride-hailing firm's cybersecurity practices...
Jul 21, 2022
China says U.S.-led chip alliance should not harm global market
BEIJING (Reuters) - The U.S.-led chip alliance, called "Chip 4", should promote the stability of the global supply chains, rather than harming or causing market fragmentation, China's commerce ministr...
Jul 21, 2022
Zara founder Ortega’s real estate assets worth $15.5 billion in 2021
MADRID (Reuters) - The family office of Spanish billionaire Amancio Ortega, founder and main shareholder of fashion group Inditex, reported on Thursday its real estate assets' market value rose by ove...
Jul 21, 2022
China commercial banks’ bad loan ratio declines at end-June, regulator says
BEIJING (Reuters) - China's commercial banks saw their bad loan ratio decline 0.06 percentage points to 1.67% at end-June versus three months earlier, the sector's regulator said on Thursday. Outstand...
Jul 21, 2022
Chinese district regulator inspects Pizza Hut stores over food safety issues
BEIJING (Reuters) - A Chinese district regulator said it is carrying out inspections of 45 Pizza Hut stores in Beijing after one was accused by media of food safety breaches. The market regulator of B...
Jul 21, 2022
China’s BYD to start selling electric vehicles in Japan next year
BEIJING (Reuters) - Chinese electric vehicle maker BYD will start selling battery electric cars in Japan next year, marking its entry into Japan's passenger car market, the company said in a statement...
Jul 21, 2022
Russian gas flows to Europe resume via Nord Stream 1, eastbound Yamal flows rise
LONDON (Reuters) - Physical flows of Russian gas through its biggest pipeline to Germany resumed on Thursday after a 10-day outage, and eastbound gas flows via the Yamal-Europe pipeline to Poland from...
Jul 21, 2022
Marketmind: ECB’s time to hike, Italy’s time for more instability
A look at the day ahead in markets from Tommy Wilkes. If the European Central Bank's inflation headache wasn't bad enough, its first interest rate rise since 2011 will land on the day the government o...
Jul 21, 2022
Peoria, IL, USA
42 °F Overcast
