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China expected to leave benchmark loan rates unchanged at monthly fix: Reuters poll
SHANGHAI (Reuters) - The People's Bank of China (PBOC) is widely expected to leave loan prime rates (LPR) unchanged at a monthly fixing on Friday, a Reuters survey showed, with a weak yuan constrainin...
Syndicated Content Oct 19, 2023
Nestle says it has ‘temporarily shut down’ a production plant in Israel
By Richa Naidu LONDON (Reuters) - Nestle said it has "temporarily shut down" of one of its production plants in Israel as a "precaution", becoming the first consumer products giant to announce a respo...
Syndicated Content Oct 19, 2023
Analysis-Russia’s optimistic fiscal plans risk budget revenue shortfall
By Darya Korsunskaya and Alexander Marrow (Reuters) - Russia could miss its 2024 revenue target and be forced to hike business taxes if the rouble proves stronger than expected in the budget and optim...
Syndicated Content Oct 19, 2023
Merck KGaA raises prospect of return to sales growth next year
By Ludwig Burger FRANKFURT (Reuters) - Germany's diversified group Merck KGaA has raised the prospect of returning to revenue growth next year, recovering from a slump in demand for its specialty mate...
Syndicated Content Oct 19, 2023
TSMC Q3 profit falls 24.9%, beats market forecasts
TAIPEI (Reuters) -Taiwanese chipmaker TSMC posted a 24.9% fall in third-quarter net profit on Thursday as global economic woes hit demand for chips used in applications from cars to cellphones and ser...
Syndicated Content Oct 19, 2023
Renault sales up 7.6% thanks to higher prices but forex weighs
By Gilles Guillaume PARIS (Reuters) -French carmaker Renault said on Thursday its revenues rose by 7.6% in the third quarter thanks to sales of higher-end market models, though currency depreciations ...
Syndicated Content Oct 19, 2023
Nestle posts 7.8% rise in nine-month sales, misses estimates
LONDON (Reuters) -Nestle posted lower-than-expected nine-month sales growth on Thursday as higher product prices made shoppers balk and hurt volumes. The packaged goods industry has for over two years...
Syndicated Content Oct 19, 2023
Nokia to cut up to 14,000 jobs after sales drop 20%
By Supantha Mukherjee STOCKHOLM (Reuters) -Finnish telecom gear group Nokia on Thursday said it will cut up to 14,000 jobs as part of a new cost savings plan after third-quarter sales drop 20% due to ...
Syndicated Content Oct 19, 2023
Asian FX bears firm on Middle East tensions, hawkish Fed fears: Reuters poll
By Upasana Singh (Reuters) - Investors maintained bearish bets on most emerging Asian currencies as an escalation of the Middle East conflict and prospects of higher-for-longer U.S. interest rates pus...
Syndicated Content Oct 19, 2023
Fed’s Powell to take the stage amid a suddenly choppy landscape
(Reuters) - Federal Reserve Chair Jerome Powell will take the podium in New York on Thursday with his colleagues at the U.S. central bank in apparent agreement to hold interest rates unchanged at thei...
Syndicated Content Oct 19, 2023
Peoria, IL, USA
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