Category Archives:
U.S. SEC set to unveil tighter rules on blank-check companies
By Chris Prentice WASHINGTON (Reuters) - The U.S. securities regulator on Wednesday will unveil a proposal to tighten its rules on special purpose acquisition companies (SPACs) after a frenzy of deals...
Mar 30, 2022
Citi to sell India consumer business to Axis Bank for $1.6 billion
BENGALURU (Reuters) -Citigroup has agreed to sell its consumer banking business in India to Axis Bank for $1.6 billion, the latest step in Chief Executive Officer Jane Fraser's push to simplify the ba...
Mar 30, 2022
Citing war in Ukraine, Austrian central bank cuts growth forecast
VIENNA (Reuters) - Russia's invasion of Ukraine has led Austria's central bank to cut its growth forecast and sharply raise its inflation outlook for this year, it said on Wednesday, adding that the n...
Mar 30, 2022
Air France KLM loses fight against EU cartel fine
BRUSSELS (Reuters) - Air France-KLM and its Dutch subsidiary KLM on Wednesday lost their challenge against million-euro fines re-imposed by EU antitrust regulators five years ago for taking part in an...
Mar 30, 2022
Collins: Severe storms possible Wednesday
PEORIA, Ill. — There’s a threat of severe weather late Wednesday morning in the Peoria metro area. 25 News Chief Meteorologist Chuck Collins said rain and thunderstorms are expected all da...
Mar 30, 2022
IKEA UK to close Tottenham store, 450 jobs impacted
LONDON (Reuters) - Home furnishings retailer IKEA said on Wednesday it planned to close its store in Tottenham, north London, impacting 450 workers. IKEA said it was committed to retaining as many aff...
Mar 30, 2022
German inflation to reach over 7% in March, state data suggest
BERLIN (Reuters) - German inflation is likely running above 7% in March, regional data from five states suggested, surpassing analyst predictions for federal data that is set to be released later on W...
Mar 30, 2022
BlackRock on hunt for Gulf infrastructure deals
By Saeed Azhar DUBAI (Reuters) - BlackRock Inc, the world's biggest money manager, is seeking more infrastructure deals in Saudi Arabia and the Gulf region and is also looking to invest in private com...
Mar 30, 2022
Japan Display unveils tech to extend smartwatch battery life
TOKYO (Reuters) - Japan Display on Wednesday said it planned to begin production of new display panel components it says can significantly lower power consumption and extend the battery life of smart ...
Mar 30, 2022
BoE’s Broadbent sees value in forward guidance as long as it’s clear
LONDON (Reuters) - Bank of England Deputy Governor Ben Broadbent said on Wednesday that central bank policymakers should provide forward guidance that can be well understood, striking a different tone...
Mar 30, 2022
Peoria, IL, USA
45 °F Sunny
