Category Archives:
Swedish economy set to grind to a halt as inflation bites
STOCKHOLM (Reuters) - Sweden's economic growth will grind to a halt next year amid soaring inflation and interest rate rises, casting a pall over households and businesses as they prepare for rough ti...
Sep 28, 2022
UniCredit CEO says firms, families are adjusting, sees recovery at end-2023
MILAN (Reuters) - Italian households and businesses are adjusting to the current economic challenges and this will help the economy recover towards the end of next year after what UniCredit expects to...
Sep 28, 2022
AGL Energy’s top shareholder nominates four new board members
(Reuters) - AGL Energy's top shareholder, Grok Ventures, nominated four additional directors to the power producer's board on Wednesday, one day before the Australian firm is scheduled to spell out pl...
Sep 28, 2022
Capital outflows likely ‘temporary’, Taiwan can keep markets stable-Finance Minister
By Karen Lema MANILA (Reuters) - Capital outflows are a "temporary phenomenon" and Taiwan, with its foreign currency reserves, has enough capacity to maintain its financial markets stable, Finance Min...
Sep 28, 2022
Euro zone yields at fresh multi-year highs, German real yield in positive territory
(Reuters) - Euro zone yields hit fresh multi-year highs on Wednesday, and Germany's real yield rose above zero for the first time since 2015, on expectations of monetary tightening and concerns a pote...
Sep 28, 2022
Council approves new Grandview Avenue AirBnB over stiff opposition
PEORIA, Ill. — Despite loud opposition from local residents this week, Peoria city council members have approved special permitting for a new Air-BnB style short term rental property in Peoria&#...
Sep 28, 2022
Mercedes-Benz Trucks, Hegelmann agree order of 50 long-haul e-trucks
BERLIN (Reuters) - Mercedes-Benz Trucks and Hegelmann Group have signed a letter of intent for the order of 50 battery-electric long-haul trucks, which are to be delivered to Hegelmann with the start ...
Sep 28, 2022
ECB must place inflation concerns above growth, Lagarde says
FRANKFURT (Reuters) - The European Central Bank must keep raising interest rates to tame inflation, even if the side effect of tighter policy will be weaker growth, ECB President Christine Lagarde sai...
Sep 28, 2022
ECB needs big Oct rate hike; should hit neutral rate this year, Rehn says
By Balazs Koranyi and Anne Kauranen HELSINKI (Reuters) - The European Central Bank must continue to raise interest rates quickly to tame inflation and could reach a level that no longer stimulates the...
Sep 28, 2022
Norway to hike taxes by $3 billion on power firms, fish farms
OSLO (Reuters) - Norway's centre-left government said on Wednesday it plans to increase taxes on electricity producers and fish farmers to raise an extra 33 billion crowns ($3 billion) a year. "Energy...
Sep 28, 2022
Peoria, IL, USA
40 °F Sunny
