Category Archives:
Swedish central bank’s Floden says underlying inflation pressure worrying
STOCKHOLM (Reuters) - A continued rise in underlying inflation is a worry, Swedish central bank Deputy Governor Martin Floden said on Tuesday. Underlying inflation was 7.9% in October compared to a ye...
Nov 15, 2022
IMF reaches agreement with Jordan on fifth review of extended fund facility – statement
CAIRO (Reuters) - The IMF said on Tuesday it had reached a staff-level agreement with Jordan on a fifth review under an extended fund facility. Completing the review will bring total IMF disbursements...
Nov 15, 2022
S.Africa’s Eskom says maintenance work could worsen power cuts for a year
(Reuters) - South Africa's struggling state power utility Eskom warned on Tuesday that planned maintenance could cause power outages lasting up to a year. The utility relies on a fleet of ageing, unre...
Nov 15, 2022
Factbox-How will EU ban on Russian crude affect oil flows?
(Reuters) - Russian oil imports into the European Union fell to 1.4 million barrels per day (bpd) in October from 2.5 million bpd in January, according to the International Energy Agency (IEA). India,...
Nov 15, 2022
GM’s North American battery supply chain is key to EV profits
DETROIT (Reuters) - General Motors Co plans to add more links to its North American battery supply chain, adding to roughly 20 deals so far, in a key strategy to help the Detroit automaker narrow the ...
Nov 15, 2022
Zambia debt negotiations likely to drag into next year – sources
By Andrea Shalal WASHINGTON (Reuters) - World Bank and IMF officials are pressing Zambia's creditors to accelerate negotiations on reducing the country's official debt burden, but sources familiar wit...
Nov 15, 2022
Developing countries group, China seek new ‘loss and damage’ fund – draft proposal
SHARM EL-SHEIKH, Egypt (Reuters) - The G77 bloc of developing countries and China are proposing the establishment of a new 'loss and damage' fund to provide finance to countries hit by climate disaste...
Nov 15, 2022
Saudi foreign direct investment inflows down 85% in second quarter
(Reuters) -Saudi Arabia recorded second-quarter foreign direct investment (FDI) flows down 85% year on year, an investment ministry report showed on Tuesday. The FDI inflows were at 7.9 billion riyals...
Nov 15, 2022
Redwood Materials to supply cathode material to Panasonic U.S. battery plant
By Paul Lienert (Reuters) - Panasonic Corp will buy remanufactured battery cathode material from Redwood Materials, beginning in 2025, for the Japanese battery maker's new Kansas plant, the companies ...
Nov 15, 2022
China’s BYD scraps plan to spin off semiconductor firm for listing
HONG KONG (Reuters) - Chinese automaker BYD Co Ltd's on Tuesday said it has scrapped plans to list its chip unit in China, according to a filing on Shenzhen stock exchange. The termination of the plan...
Nov 15, 2022
Peoria, IL, USA
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