Category Archives:
Forward guidance could become trap for central banks-economist
By Leika Kihara TOKYO (Reuters) - Central banks risk being late in arresting inflation if they rely too much on forward guidance - a tool used to communicate the future path of monetary policy, a wide...
May 31, 2023
Volkswagen won’t participate in China discount battle “at any price” – COO
BERLIN (Reuters) - Volkswagen will not participate in a discount battle in China "at any price", Chief Operating Officer Ralf Brandstaetter said in an interview released on Wednesday. "Volkswagen is f...
May 31, 2023
Factbox-Companies invest in EV battery factories in Europe
(Reuters) - Europe is seeking to lure electric vehicle (EV) battery makers to build factories in the region as the bloc - home to carmakers such as Volkswagen and Stellantis - tries to cut its depende...
May 31, 2023
Unilever pivots to African suppliers as forex pressure mounts
By Seun Sanni and Richa Naidu ALAYIDE, Nigeria (Reuters) - Busari Kasali once lived with the fear that his cassava - a staple crop in his native Nigeria - would spoil before it got to market. Today, t...
May 31, 2023
JPMorgan’s Dimon says US, China need to have ‘real engagement’
HONG KONG (Reuters) - JPMorgan Chase & Co CEO Jamie Dimon on Wednesday said the United States and China need to have "real engagement", during his first visit to China since his 2021 comment about the...
May 31, 2023
French inflation eases in May to 12-month low of 6.0%
PARIS (Reuters) - French inflation cooled more than expected in May to its lowest level in a year as energy and food price increases moderated, according to preliminary official data on Wednesday. Con...
May 31, 2023
China’s Baidu launches $145 million venture capital AI fund
SHANGHAI (Reuters) - Chinese search giant Baidu Inc will set up a venture capital fund of 1 billion yuan ($145 million) to back start-ups focused on content generated by artificial intelligence applic...
May 31, 2023
China’s Geely in early talks to enter Thailand EV market -sources
By Devjyot Ghoshal BANGKOK (Reuters) - Major Chinese automaker Geely is in the early stages of planning an entry to Thailand's electric vehicle (EV) market, including weighing models for import and lo...
May 31, 2023
Xiaomi partners with Dixon Technologies to make mobile phones in India
BENGALURU (Reuters) - Dixon Technologies (India) Ltd is partnering with Xiaomi Corp's Indian arm to make and export mobile phones from the country, the contract manufacturer said on Wednesday. The new...
May 31, 2023
Cargill to sell China protein business to private equity firm DCP Capital
BEIJING (Reuters) - U.S. agribusiness giant Cargill has agreed to sell its protein business in China to private equity firm DCP Capital, the U.S. company said in a statement on Wednesday. The sale of ...
May 31, 2023
Peoria, IL, USA
60 °F Partly cloudy
