Category Archives:
Bahrain’s central bank follows Fed to raise key interest rates by 75 bps – statement
(Reuters) - The Central Bank of Bahrain (CBB) said on Wednesday it raised its key policy interest rate on its one-week deposit facility by 75 basis points to 4.75%, following the U.S. Federal Reserve'...
Nov 02, 2022
White House says Fed rate hike will help lower inflation, tame housing market
(Reuters) - The U.S. Federal Reserve's latest move to raise its benchmark interest rate will help to bring down inflation, and a rise in mortgage rates should cool inflation in the housing market, Whi...
Nov 02, 2022
France, Singapore, Switzerland jointly test central bank digital currencies
LONDON (Reuters) - France, Singapore and Switzerland have launched a joint trial of their experimental central bank digital currencies (CBDCs) in the first cross-regional trial of its kind. The projec...
Nov 02, 2022
Russia’s economy shrinks 5% year-on-year in September -economy ministry
(This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine.) MOSCOW (Reuters) - Russia's economy shrank by 5% on an annualised basis in September, ...
Nov 02, 2022
Vivid pink diamond could go for $35 million at Christie’s auction
GENEVA (Reuters) - The largest pear-shaped fancy vivid pink diamond ever put up for auction could sell for up to $35 million at a Christie's sale of rare jewels on Nov. 8, the auctioneer said on Wedne...
Nov 02, 2022
Opendoor Technologies lays off about 18% of workforce
(Reuters) - Property-selling platform Opendoor Technologies Inc is laying off about 550 employees, Chief Executive Officer Eric Wu said on Wednesday. "We're navigating one of the most challenging real...
Nov 02, 2022
Canadian dollar forecasts cut as BoC trails Fed on peak-rate bets – Reuters poll
By Fergal Smith TORONTO (Reuters) - Canada's dollar will gain less than previously thought over the coming year as the domestic economy has lost some sensitivity to oil prices and the Bank of Canada p...
Nov 02, 2022
California expands plastic producer probe into bag manufacturers
By Valerie Volcovici WASHINGTON (Reuters) - California's attorney general on Wednesday sent letters to top plastic bag manufacturers requesting information about their claims that the bags they produc...
Nov 02, 2022
American Airlines pilots’ union rejects pay hike proposal
(Reuters) - American Airlines pilots' union on Wednesday said its board of directors has rejected a draft agreement that offered a 19% pay hike over two years, as the proposal failed to garner enough ...
Nov 02, 2022
Credit Suisse to use repurchased shares for employee plans
ZURICH (Reuters) - Credit Suisse's board of directors has decided not to cancel more than 25 million shares it repurchased under a buyback programme halted last year, and will instead use them to serv...
Nov 02, 2022
Peoria, IL, USA
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