Category Archives:
U.S. producer prices increase more than expected in September
WASHINGTON (Reuters) - U.S. producer prices increased more than expected in September amid strong gains in the costs of services and goods, suggesting inflation could remain uncomfortably high for a w...
Oct 12, 2022
Volkswagen to invest up to 2 billion euros in JV with China’s Horizon Robotics – reports
BERLIN (Reuters) -Volkswagen plans to to invest up to 2 billion euros ($1.94 billion) in a joint venture with China's Horizon Robotics, Handelsblatt and Manager Magazin reported on Wednesday. Reuters ...
Oct 12, 2022
IMF sees ad hoc taxes on excess profits as ‘problematic’
By Andrea Shalal WASHINGTON (Reuters) - The International Monetary Fund backs moves by governments to tax companies' excess profits, but believes such changes must be clearly communicated and cannot a...
Oct 12, 2022
Stellantis opens software hub in India to support digital strategy
MILAN (Reuters) - Carmaker Stellantis said on Wednesday it had inaugurated a new software hub in Bengaluru, India, its second innovation centre in the country, focusing on cockpit and driver assistanc...
Oct 12, 2022
BASF to slash costs in Europe, takes writedown on Nord Stream 1
By Ludwig Burger FRANKFURT (Reuters) -German chemicals group BASF said it would slash annual costs by 500 million euros ($485 million) in Europe until 2024 and look into restructuring its chemical sit...
Oct 12, 2022
India’s HCL Technologies raises 2023 revenue growth target on order strength
BENGALURU (Reuters) - IT services firm HCL Technologies Ltd on Wednesday raised its full-year revenue growth forecast and reported a 7.1% rise in September-quarter profit, helped by a rise in new orde...
Oct 12, 2022
Vista Equity Partners to take cybersecurity firm KnowBe4 private in $4.6 billion deal
(Reuters) - Cybersecurity provider KnowBe4 Inc said on Wednesday that Vista Equity Partners would take it private in a sweetened deal that values the company at $4.6 billion. The offer values each sha...
Oct 12, 2022
OPEC cuts 2022, 2023 oil demand growth view as economy slows
By Alex Lawler LONDON (Reuters) - OPEC on Wednesday cut its 2022 forecast for growth in world oil demand for a fourth time since April and also trimmed next year's figure, citing slowing economies, th...
Oct 12, 2022
Blackstone invests $500 million in Resolution Life in partnership deal
(Reuters) - Life insurer Resolution Life said on Wednesday it had raised $500 million from Blackstone Inc, while also signing a partnership deal with the asset manager. Blackstone will manage some of ...
Oct 12, 2022
Lead set to shine on tight supplies, winter battery failures
By Eric Onstad LONDON (Reuters) - Lead is expected to outperform other metals over the coming months as cold weather is likely to force consumers to replace auto batteries and supplies tighten, analys...
Oct 12, 2022
Peoria, IL, USA
87 °F Sunny
