Category Archives:
Micron nears $1 billion investment in India chip packaging plant – Bloomberg News
(Reuters) - Micron Technology Inc is close to committing at least $1 billion towards setting up a chip packaging factory in India, Bloomberg News reported on Friday. An announcement could be made when...
Jun 16, 2023
Analysis-Sweden braces for fallout from property slump
By Simon Johnson, John O'Donnell and Marie Mannes STOCKHOLM/FRANKFURT (Reuters) - Sweden's government is ready to step in to stem the fallout from a property rout if tumbling prices cause a wider cris...
Jun 16, 2023
Britain’s Tesco sticks to guidance after inflation boosts quarterly sales
LONDON (Reuters) - Tesco, Britain's biggest retailer, maintained its guidance for the year as it reported a 9% rise in underlying UK sales in its latest quarter, driven by inflation. The group, which ...
Jun 16, 2023
Bank of England set to raise rates to 4.75% as inflation slow to fall
By David Milliken LONDON (Reuters) - The Bank of England looks set to raise interest rates by a quarter point to a 15-year high of 4.75% on June 22, its 13th straight rate rise as it fights unexpected...
Jun 16, 2023
Germany sees no room for extra payments to EU budget -Spiegel
(Reuters) - German Finance Minister Christian Lindner sees no wriggle room for Berlin to make additional payments into the European Union budget, he said in an interview with Spiegel magazine publishe...
Jun 16, 2023
Thai stocks flounder in absence of China spark
By Rae Wee and Patturaja Murugaboopathy SINGAPORE (Reuters) - Thailand's stock market has become the symbol of investor disenchantment with China's economic reopening, going from market darling in Jan...
Jun 16, 2023
Europe’s brief window of market outperformance swings shut
By Samuel Indyk, Lucy Raitano and Alun John LONDON (Reuters) - European equities and the euro look set to lose out to U.S. markets in the months ahead, as a stellar run in early 2023 has fizzled out i...
Jun 16, 2023
Major banks cut China 2023 GDP forecasts as recovery falters
BEIJING (Reuters) - Four major Western banks have cut their 2023 gross domestic product (GDP) growth forecasts for China after May data showed a post-COVID recovery was faltering in the world's second...
Jun 16, 2023
India’s merchandise import jump in may signals stable local economy – economists
By Ira Dugal MUMBAI (Reuters) - A sequential increase in merchandise imports in May that led to the trade deficit widening to a five-month high signalled a stable local economy, economists said. Merch...
Jun 16, 2023
BofA Global Research cuts 2023 China growth forecast after weak May data
(Corrects story identifier, also widens distribution) (Reuters) -BofA Global Research on Friday trimmed its China economic growth forecast for 2023, becoming the second Wall Street bank to revise fore...
Jun 15, 2023
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