Category Archives:
Italy’s Prada to invest 60 million euros to help boost production capacity
By Elisa Anzolin VALVIGNA, Italy (Reuters) - Italy's Prada is planning to spend 60 million euros ($66 million) on industrial capital investments this year, a large chunk of which will help double the ...
Apr 20, 2023
BuzzFeed to shut down news division and lay off 15% staff
(Reuters) -BuzzFeed Inc said on Thursday it will shut down its news division and will cut its workforce by 15%, sending the shares of the digital media company down 10%. The layoffs will affect 180 em...
Apr 20, 2023
Yellen: U.S. banking system remains sound
WASHINGTON (Reuters) - The U.S. banking system remains sound and the U.S. government will take "any necessary steps" to keep it the strongest and safest financial system in the world, U.S. Treasury Se...
Apr 20, 2023
With eye on IRA, Dowlais targets U.S. rare earth magnets for electric vehicles
By Nick Carey LONDON (Reuters) - UK auto supplier Dowlais is developing rare earth magnets for production in the U.S. market as carmakers look to source more parts locally and benefit from subsidies p...
Apr 20, 2023
Brazil’s government takes measures to boost consumer and capital market credit
BRASILIA (Reuters) - Brazil's government announced a package of 13 measures on Thursday to ease consumer access to credit and reduce associated costs in the capital and insurance markets, a move the n...
Apr 20, 2023
Value of Russian exports falls 35% in Q1 as oil price cap bites -central bank
MOSCOW (Reuters) - The value of Russia's exports fell 35% year-on-year in the first quarter of 2023, due in part to a Western price cap on some Russian oil products, Russia's central bank said on Thur...
Apr 20, 2023
Hospital operators’ outlook in focus on Medicaid concerns
By Khushi Mandowara (Reuters) - U.S. hospital operators are expected to report strong revenue for the first quarter, while investors will also focus on results for cues on the impact to future earning...
Apr 20, 2023
Eid shopping sees sharp drop as Pakistanis feel inflation pinch
By Ariba Shahid and Mubasher Bukhari KARACHI, Pakistan (Reuters) - Retail sales in Pakistan have witnessed a sharp drop compared to previous years in the run up to the Muslim holiday of Eid al-Fitr, r...
Apr 20, 2023
Global wine trade hits record-high value but volumes fall
PARIS (Reuters) - The global wine trade reached record-high value last year, supported by a sharp rise in prices, but the amount of wine sold fell due to weaker demand and logistical problems, an indu...
Apr 20, 2023
US existing home sales resume downward trend in March
WASHINGTON (Reuters) - U.S. existing home sales fell in March as a reversal in mortgage rates likely pushed buyers back to the sidelines, but there are tentative signs that the housing market slump is...
Apr 20, 2023
Peoria, IL, USA
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