Category Archives:
Higher US Fed rates ‘not a major concern’ for C$, BOC’s Macklem says
OTTAWA (Reuters) - The impact on the Canadian dollar from U.S. Federal Reserve raising interest rates more than the Bank of Canada is not a "major concern" because of a flexible exchange rate and the ...
Apr 20, 2023
Jury convicts man of 2021 shooting
PEORIA, Ill. – A Peoria County jury has convicted a man in connection with a shooting outside a liquor store. Court records indicate a jury Wednesday found David Dillard, 27, guilty of counts of...
Apr 20, 2023
Canada offering more than C$13 billion over decade for Volkswagen battery plant, govt source says
OTTAWA (Reuters) - Canada agreed to provide subsidies of up to C$13 billion ($9.7 billion) over a decade plus a C$700 million grant to lure Volkswagen AG into building its North American battery plant...
Apr 20, 2023
Fed’s Mester sees policy rate going over 5% because of high inflation
By Michael S. Derby NEW YORK (Reuters) - Cleveland Federal Reserve President Loretta Mester said on Thursday the U.S. central bank still has more interest rate increases ahead of it, while noting the ...
Apr 20, 2023
Ferragamo sales decline slightly in Q1 as U.S. weighs
MILAN (Reuters) -Sales at Italian luxury group Salvatore Ferragamo declined by 6.5% at constant exchange rates in the first quarter hit by a slowdown in the U.S. market, the company said on Thursday. ...
Apr 20, 2023
Yellen raps China for serving as ‘roadblock’ in debt restructuring process
By Andrea Shalal WASHINGTON (Reuters) - As the world's largest official bilateral creditor, China should participate in meaningful debt relief for countries facing problems, but it has served for too ...
Apr 20, 2023
Fed in discussions with banks about managing risks of AI: Waller
(Reuters) - The Federal Reserve has "regular discussions" with the banks it supervises about managing the risks associated with artificial intelligence, as more financial institutions utilize AI for c...
Apr 20, 2023
Salvadoran spreads tighten on IMF deal bets, bonds remain distressed
NEW YORK (Reuters) - Salvadoran bond spreads narrowed on Wednesday to their tightest since December 2021 in a rally triggered by hopes a key new adviser to the finance ministry would be able to help s...
Apr 20, 2023
Deutsche Bank Russian profits leapt in 2022, even as assets dropped
(Reuters) - Deutsche Bank's Russian subsidiary's profits jumped by almost six times in 2022 to 5.4 billion roubles ($66.42 million), Russian audit documents showed, the latest example of a foreign len...
Apr 20, 2023
US, memory chipmaker Micron settle claim of immigration-related discrimination
WASHINGTON (Reuters) - The U.S. Justice Department said on Thursday it reached a settlement with memory chipmaker Micron Technology Inc to resolve an allegation of immigration-related employment discr...
Apr 20, 2023
Peoria, IL, USA
43 °F Mist
