Category Archives:
Exclusive-India, Russia suspend negotiations to settle trade in rupees -sources
By Aftab Ahmed and Swati Bhat NEW DELHI/MUMBAI (Reuters) - India and Russia have suspended efforts to settle bilateral trade in rupees, after months of negotiations failed to convince Moscow to keep r...
May 04, 2023
Italy’s service sector grows in April at fastest rate since Aug 2021 – PMI
ROME (Reuters) - Italy's services sector grew for a fourth month running in April and at the fastest rate since August 2021 amid rising confidence and continued growth in new business, a survey showed...
May 04, 2023
Asian equities receive biggest foreign inflows in three months
By Gaurav Dogra (Reuters) - Foreigners turned net buyers of Asian stocks in April, bolstered by rising expectations the U.S. Federal Reserve will pause its aggressive tightening cycle, and by other fa...
May 04, 2023
IMF to discuss Pakistan’s budget plans as funding lifeline nears
By Ariba Shahid KARACHI (Reuters) - The International Monetary Fund (IMF) is preparing to discuss Pakistan's budget plans for the coming financial year, as part of a long-awaited bailout tranche from ...
May 04, 2023
Shell, Equinor profits beat forecasts as trading offsets lower energy prices
By Ron Bousso, Shadia Nasralla and Nerijus Adomaitis LONDON/OSLO (Reuters) - Energy giants Shell and Equinor reported higher-than-expected first-quarter profits on Thursday, using the heft of their tr...
May 04, 2023
Kenya private sector activity falls in April – PMI
NAIROBI (Reuters) - Kenya's private sector activity fell in April as both the manufacturing and services sectors slowed, with inflation and political unrest leading to a drop in consumer demand and da...
May 04, 2023
Volvo Cars axes 1,300 jobs as it steps up cost cuts
COPENHAGEN (Reuters) -Volvo Cars will lay off around 1,300 office-based employees in Sweden as it steps up its cost cutting, the Swedish auto maker said on Thursday. While the group's efficiency drive...
May 04, 2023
UK’s WANdisco starts reorganisation review, could cut 30% jobs
(Reuters) - British software company WANdisco said on Thursday it will begin a reorganisation and review process that could lead to about 30% reduction of its overall jobs. (Reporting by Radhika Anilk...
May 04, 2023
UK competition regulator launches review of AI models
LONDON (Reuters) -Britain's competition regulator launched an initial review of artificial intelligence models on Thursday, saying it will look into competition and consumer protection considerations ...
May 04, 2023
Goldman Sachs cautious on Turkish bank stocks ahead of election
LONDON (Reuters) - Goldman Sachs said on Thursday it was "cautious" on Turkish banks heading into the May 14 election, with lenders more vulnerable than the country's other stocks to a potential post-...
May 04, 2023
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