Category Archives:
UK watchdog fines Equifax $13.4 million for role in cyber breach
LONDON (Reuters) -Britain's financial watchdog said on Friday it had fined consumer credit rater Equifax Ltd 11 million pounds ($13.4 million) for its role in "one of the largest" cyber-security breac...
Oct 13, 2023
Volkswagen’s Europe, U.S. vehicle deliveries offset China weakness in Q3
FRANKFURT (Reuters) - Volkswagen on Friday said that group deliveries rose by 7.4% in the third quarter, thanks to strong demand in Europe and North America that was able to offset a decline in China,...
Oct 13, 2023
How U.S. bank balance sheets have changed as Fed raises rates
(Reuters) - The Federal Reserve's aggressive monetary policy tightening is prompting U.S. banks to slow the flow of credit and beef up cash levels after the panic in March when Silicon Valley Bank col...
Oct 13, 2023
China’s Sept new bank lending jumps less than expected
BEIJING (Reuters) - China's new bank loans came in softer than expected in September, figures from the central bank showed on Friday, even as it strives to bolster a shaky economic recovery amid tepid...
Oct 13, 2023
Euro industrial output up in August, but sharply down year-on-year
BRUSSELS (Reuters) - Euro zone industrial production rose by more than expected in August, data showed on Friday, as factories made more consumer goods although overall output was down by more than 5%...
Oct 13, 2023
World Bank’s Banga eyes longer, cheaper loans as mission expands to climate
By David Lawder MARRAKECH, Morocco (Reuters) - World Bank president Ajay Banga on Friday laid out ambitious plans to widen the development lender's mission to include climate change and other global c...
Oct 13, 2023
Malaysia announces smaller budget, eyes subsidy cuts to narrow deficit
By Danial Azhar KUALA LUMPUR (Reuters) - Malaysia on Friday unveiled a tighter budget for 2024, focusing on subsidy rationalisation to strengthen its fiscal position, as an economic slowdown puts a st...
Oct 13, 2023
Country Garden founding family provides $300 million loan, selling jet – report
HONG KONG (Reuters) - The founding family of Country Garden recently loaned the embattled Chinese property developer $300 million interest free, and the family was also trying to sell its private jet,...
Oct 13, 2023
Pakistan set to meet some key targets set by IMF – central bank chief
KARACHI, Pakistan (Reuters) - Pakistan's central bank has met an end-September deadline for a forward book target of $4.2 billion agreed with the IMF, and is comfortably placed to meet others on net i...
Oct 13, 2023
Inflation has peaked in Germany – Bundesbank’s Nagel
MARRAKESH (Reuters) - Inflation in Germany is on a downward trajectory, Bundesbank President Joachim Nagel said on Friday on the sidelines of an International Monetary Fund meeting in Marrakesh. "It s...
Oct 13, 2023
Peoria, IL, USA
60 °F Partly cloudy
