Category Archives:
China’s yuan hits 28-month low despite fresh policy step, nears daily down-limit
SHANGHAI (Reuters) - China's yuan touched a 28-month low against the dollar on Monday, only steps away from its downside trading limit, despite the central bank taking steps to rein in the currency's ...
Sep 26, 2022
Market reaction to Italy election
MILAN (Reuters) - Giorgia Meloni looks set to become Italy's first woman prime minister at the head of its most right-wing government since World War Two after leading a conservative alliance to trium...
Sep 26, 2022
Thai economy improving but household debt a problem – Finance Minister
BANGKOK (Reuters) - Thailand's economy is improving but the country is facing issues with people's debt and the government will seek to ease problems in the longer term, Finance Minister Arkhom Termpi...
Sep 26, 2022
Volkswagen’s PowerCo and Umicore form joint venture on precursor and cathode material for batteries
BERLIN (Reuters) -Volkswagen's battery unit PowerCo has formed a joint venture with Belgium's Umicore for the production of precursor and cathode material in Europe, jointly investing 3 billion euros ...
Sep 26, 2022
Iberdrola hires Barclays to sell stake in Spanish renewable portfolio, Expansion says
MADRID (Reuters) - Spanish power company Iberdrola hired Barclays' investment bank to sell up to 49% in a portfolio of Spanish renewable power projects, Expansion newspaper reported on Monday, citing ...
Sep 26, 2022
GCash, other Asian e-wallets to expand into S.Korea with Ant’s Alipay+
BEIJING (Reuters) - Ant Group said on Monday it would help four Asian e-wallets, including the Philippines' GCash and Malaysia's Touch'n Go expand into South Korea with its cross-border payment servic...
Sep 26, 2022
LDC in agreement to buy Longriver Farms’s Emerald Grain
PARIS (Reuters) - The Asian branch of global crop merchant Louis Dreyfus Company (LDC) said on Monday it had entered into an agreement with Longriver Farms for the acquisition of Australian grain hand...
Sep 26, 2022
Aldi UK says trading strong after 2021 profit fall
LONDON (Reuters) -The British arm of German discounter Aldi reported a 79% fall in 2021 operating profit but said trading had accelerated quickly in the past six months as pandemic restrictions were l...
Sep 26, 2022
Garuda Indonesia files for Chapter 15 U.S. bankruptcy procedure – CEO
JAKARTA (Reuters) - Flag carrier Garuda Indonesia has requested that a court in New York recognise the airline's recent debt restructuring deal in a Jakarta court, under Chapter 15 of the U.S. Bankrup...
Sep 26, 2022
Rio Tinto says employee sexually assaulted in Western Australian mine
SYDNEY (Reuters) - Rio Tinto Ltd on Monday said an employee at one of its mines in Western Australia state was sexually assaulted and that police removed the alleged perpetrator from the site. The inc...
Sep 26, 2022
Peoria, IL, USA
45 °F Overcast
