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U.S. manufacturing sector contracts in February -ISM
WASHINGTON (Reuters) - U.S. manufacturing contracted for a fourth straight month in February, but there were signs that factory activity was starting to stabilize, with a measure of new orders pulling...
Mar 01, 2023
U.S. House panel approves bill to give Biden power to ban TikTok
WASHINGTON (Reuters) - The U.S. House Foreign Affairs Committee voted on Wednesday to give President Joe Biden the power to ban Chinese-owned social media app TikTok and other apps. Lawmakers voted 24...
Mar 01, 2023
Brazil’s Haddad says high interest rate is country’s main issue
BRASILIA (Reuters) - Brazil's Finance Minister Fernando Haddad said on Wednesday that the country's high interest rate is the primary obstacle to economic growth, adding that recent government measure...
Mar 01, 2023
Volkswagen to discuss U.S. factory at supervisory board meeting – sources
BERLIN/HAMBURG (Reuters) - Volkswagen's supervisory board will discuss plans to build a new U.S. factory at a meeting on Friday, two sources close to the matter said, with one adding the board was exp...
Mar 01, 2023
Battery start-up Freyr accelerates U.S. plans on IRA support
By Nora Buli OSLO (Reuters) - New York-listed Norwegian battery start-up Freyr is accelerating investment in a U.S. plant to benefit from Inflation Reduction Act (IRA) tax credits, its chief executive...
Mar 01, 2023
Norfolk Southern CEO to testify before US Senate panel on derailment
By David Shepardson WASHINGTON (Reuters) - Norfolk Southern Chief Executive Alan Shaw has agreed to testify before the Senate Environment and Public Works Committee next week on a Feb. 3 Ohio train de...
Mar 01, 2023
Canadian factory activity rises to 7-month high on improving demand
TORONTO (Reuters) - Canadian manufacturing activity expanded at a faster pace in February as measures of output and new orders both rose to nine-month highs, while inflation pressures continued to eas...
Mar 01, 2023
China willing to play constructive role in debt talks
BEIJING (Reuters) - China is willing to "constructively" participate in solving the debt problems of relevant countries under a multilateral framework, its Premier Li Keqiang said on Wednesday. China,...
Mar 01, 2023
UBS loses bid to stop Chinese businessman’s $500 million London lawsuit
By Sam Tobin LONDON (Reuters) - UBS faces a $500 million lawsuit in London brought by an exiled Chinese businessman after an appeal court on Wednesday rejected the Swiss bank's latest attempt to have ...
Mar 01, 2023
Higher inflation risks to give Russia no room to cut rates this year: Reuters poll
By Alexander Marrow and Elena Fabrichnaya MOSCOW (Reuters) - The Bank of Russia will not find room to cut interest rates in 2023 as increased budget spending has raised inflation risks, a Reuters poll...
Mar 01, 2023
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