Category Archives:
Russian copper builds up in LME warehouses -sources
By Pratima Desai LONDON (Reuters) - Significant volumes of unwanted Russian-origin copper have been deposited in London Metal Exchange approved warehouses in Germany, the Netherlands and Taiwan since ...
Oct 12, 2022
U.S. faces ‘larger-than-usual’ risks in inflation battle, OECD says
By Lindsay Dunsmuir (Reuters) - The United States faces increased uncertainty due to rapid rises in interest rates, and the Federal Reserve should adjust policy as needed as it monitors global events ...
Oct 12, 2022
BOJ’s Kuroda warns against fast, one-sided yen falls
By Leika Kihara WASHINGTON (Reuters) -Bank of Japan Governor Haruhiko Kuroda said on Wednesday fast and one-sided moves in the yen, driven by speculation, would be bad for the economy by making it dif...
Oct 12, 2022
Crypto.com chooses Paris for European headquarters
(Reuters) - Cryptocurrency platform Crypto.com will set up its European regional headquarters in Paris, the Singapore-based company said on Wednesday. The firm will invest 150 million euros ($145.7 mi...
Oct 12, 2022
India’s August industrial output fell for the first time 18 months
NEW DELHI (Reuters) -India's industrial output unexpectedly fell year-on-year in August for the first time in 18 months, as heavy rains dampened mining and construction activity while a drop in manufa...
Oct 12, 2022
Indonesian president to order stress test for economy amid global uncertainty
JAKARTA (Reuters) - Indonesian President Joko Widodo said he will order his administration to run a stress test to determine whether Southeast Asia's largest economy could withstand significant econom...
Oct 12, 2022
BofA’s clients use virtual assistant over 1 billion times
(Reuters) - Bank of America on Wednesday said 32 million customers had used its virtual assistant, which allows them to check bill payments, account balances and track spending on the mobile banking a...
Oct 12, 2022
U.S. producer prices increase more than expected in September
WASHINGTON (Reuters) - U.S. producer prices increased more than expected in September amid strong gains in the costs of services and goods, suggesting inflation could remain uncomfortably high for a w...
Oct 12, 2022
Volkswagen to invest up to 2 billion euros in JV with China’s Horizon Robotics – reports
BERLIN (Reuters) -Volkswagen plans to to invest up to 2 billion euros ($1.94 billion) in a joint venture with China's Horizon Robotics, Handelsblatt and Manager Magazin reported on Wednesday. Reuters ...
Oct 12, 2022
IMF sees ad hoc taxes on excess profits as ‘problematic’
By Andrea Shalal WASHINGTON (Reuters) - The International Monetary Fund backs moves by governments to tax companies' excess profits, but believes such changes must be clearly communicated and cannot a...
Oct 12, 2022
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