Category Archives:
BoE’s Broadbent says QE not behind surge in inflation
LONDON (Reuters) - Bank of England Deputy Governor Ben Broadbent said central banks should not ignore measures of money supply but claims that their quantitative easing (QE) bond-buying programmes led...
Apr 25, 2023
Samsung SDI, GM to build $3 billion joint EV battery plant in US
SEOUL (Reuters) - Samsung SDI Co Ltd said on Tuesday it will invest $3 billion or more to build a joint venture electric vehicle (EV) plant with General Motors Co in the United States. Targeted to sta...
Apr 25, 2023
EU countries approve reform of bloc’s carbon market
LUXEMBOURG (Reuters) - European Union countries voted on Tuesday to approve sweeping reforms to the European Union's carbon market, its main climate policy, which are expected to hike the cost of poll...
Apr 25, 2023
Russia revives fried chicken chain Rostic’s after KFC owner finalises exit
By Tatiana Gomozova and Alexander Marrow MOSCOW (Reuters) - Former KFC restaurants in Russia will begin reopening as Rostic's on Tuesday, as the new owners revive a brand born soon after the collapse ...
Apr 25, 2023
Global central banks revert to weekly dollar swaps with Fed
FRANKFURT/LONDON/TOKYO (Reuters) - The world's top central banks will reduce the frequency of their dollar operations with the U.S. Federal Reserve after volatility in financial markets receded, the b...
Apr 25, 2023
Chinese-owned e-commerce platform Temu expands to Europe
By Casey Hall SHANGHAI (Reuters) - Ultra low-cost e-commerce platform Temu, owned by China's PDD Holdings has started selling to European markets including France, Germany, Italy, The Netherlands, Spa...
Apr 25, 2023
World Bank sees Western Balkan economies resilient despite subdued growth
SARAJEVO (Reuters) - The economies of the six countries of the Western Balkans show resilience despite economic growth estimated to moderate to 2.6% in 2023 and continued price rises, the World Bank s...
Apr 25, 2023
Commercial real estate loans in core Europe face $55 billion funding gap, report says
By Chiara Elisei LONDON (Reuters) - Around one in five loans backing commercial real estate (CRE) in Britain, France and Germany that fall due between now and 2025 are likely to face refinancing chall...
Apr 25, 2023
KitKat sweetens Nestle sales with Easter, Valentine’s Day comeback
By Richa Naidu LONDON (Reuters) - In a quarter that saw Nestle's overall sales volumes dip, the KitKat maker's candy business was a sweet spot as consumers celebrated Valentine's Day and an early East...
Apr 25, 2023
South Korea prosecutors indict Terraform Labs co-founder – Yonhap
SEOUL (Reuters) - South Korean prosecutors on Tuesday indicted the co-founder of the blockchain platform Terraform Labs, Daniel Shin, for fraud and other charges, the Yonhap news agency reported. Shin...
Apr 25, 2023
Peoria, IL, USA
87 °F Sunny
