Category Archives:
U.S. banking woes a major factor behind Bank of Korea rate freeze
SEOUL (Reuters) - Most of the South Korean central bank's board members cited concerns about the U.S. banking sector's health as a major factor to keep interest rates steady at their April 11 meeting,...
May 02, 2023
Turkish factory activity growth gathers pace in April -PMI
ISTANBUL (Reuters) - Growth in new orders and output helped Turkish factory activity expand at a faster pace in April, as the sector continued its recovery in the wake of massive earthquakes in early ...
May 02, 2023
Analysis-Japan’s automakers have a made-in-China sales crisis
By Daniel Leussink TOKYO (Reuters) - Japan's automakers are facing a sales crisis in China, data shows, as a rapid shift to electric vehicles (EVs) has upended the world's largest auto market and led ...
May 02, 2023
Australian landlords push back on property valuation doomsday
By Lewis Jackson SYDNEY (Reuters) - Australia's biggest landlords and developers played down concerns about inflated commercial property valuations at a conference on Tuesday, while acknowledging econ...
May 02, 2023
Russia’s M.Video posts adjusted net loss of 6.7 billion roubles in 2022
MOSCOW (Reuters) - Russian electronics retailer M.Video said its adjusted net loss shrunk 10.2% in 2022 to 6.7 billion roubles ($83 million), as overall sales fell because of economic uncertainty. The...
May 02, 2023
BP profit rises to $5 billion as share buyback is reduced
By Ron Bousso and Shadia Nasralla LONDON (Reuters) -BP made a $5 billion profit in the first quarter, rising from the previous three months on the back of strong oil and gas trading as the company par...
May 02, 2023
King Charles’ coronation is a great fit for London’s Savile Row tailors
By Kate Holton LONDON (Reuters) - On Savile Row, the London street long celebrated for turning out sharp suits, tailors have been racing to prepare the red and gold uniforms that will feature in Brita...
May 02, 2023
Russian factory activity expands in April as export orders pick up
MOSCOW (Reuters) - Activity in Russia's manufacturing sector grew for the 12th month running in April, and new export orders ended a 14-month sequence of decline, while inflationary pressures regained...
May 02, 2023
In race for efficient EVs, Mercedes taps F1 team to keep up with Tesla
By Nick Carey BRIXWORTH, England (Reuters) - Mercedes-Benz has plugged its Formula One team into the engineering process to build vastly more efficient mass-market electric vehicles (EVs), slashing de...
May 02, 2023
South African rand up slightly; focus on local PMIs and Fed this week
JOHANNESBURG (Reuters) - South Africa's rand was marginally stronger in early trade on Tuesday, with market attention this week likely to hinge on local purchasing managers' index (PMI) surveys and a ...
May 02, 2023
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