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ECB not necessarily done with rate hikes: Elderson
FRANKFURT (Reuters) - Economic growth in the euro zone is more sluggish than the European Central Bank expected but the goal is to control inflation, so interest rates could still go higher, if needed...
Syndicated Content Sep 27, 2023
Thai central bank raises key rate, cuts growth outlook
BANGKOK (Reuters) - Thailand's central bank unexpectedly raised its key interest rate for an eighth straight meeting on Wednesday, despite slowing economic growth, below-target inflation and rising gl...
Syndicated Content Sep 27, 2023
Russia ramps up China yuan payments for imports amid sanctions -EBRD
By Jorgelina do Rosario LONDON (Reuters) - The share of Russia's imports invoiced in Chinese yuan soared to 20% in 2022 from 3% a year earlier after its invasion of Ukraine unleashed a raft of sanctio...
Syndicated Content Sep 27, 2023
Flutter eyes Balkan expansion with acquisition of Serbia’s MaxBet
DUBLIN (Reuters) - Fanduel and Paddy Power owner Flutter said on Wednesday it had bought an initial 51% stake in Serbia's number two sports betting and gaming operator MaxBet for 141 million euros ($1...
Syndicated Content Sep 27, 2023
Explainer-What’s in store for China Evergrande with its chairman now under police watch?
By Scott Murdoch SYDNEY (Reuters) - The chairman of China Evergrande Group has been placed under police surveillance, Bloomberg News reported on Wednesday, raising more doubts about the embattled deve...
Syndicated Content Sep 27, 2023
H&M blames warm weather for September sales slide
STOCKHOLM (Reuters) -H&M said unusually hot weather in many of its European markets had delayed the start of the autumn shopping season, sending sales lower in September, while cost cuts helped the fa...
Syndicated Content Sep 27, 2023
China expects 2023 economic growth of slightly more than 5% -PBOC adviser
BEIJING (Reuters) -China is expected to achieve economic growth of slightly more than 5% this year, an adviser to the central bank said on Wednesday. China's economic situation is very different from ...
Syndicated Content Sep 27, 2023
Quake of 4.2 magnitude strikes volcanic fields near Italy’s Naples
ROME (Reuters) - A 4.2 magnitude earthquake struck a volcanic field near Naples early on Wednesday, the biggest in nearly four decades, but Italian authorities said it appeared to have caused no damag...
Syndicated Content Sep 27, 2023
German consumer sentiment unlikely to recover this year -GfK
BERLIN (Reuters) - Sentiment among German consumers is set to fall in October, as persistently high inflation encourages people to save and blots out the chances of a recovery before the end of the ye...
Syndicated Content Sep 27, 2023
Exclusive-China’s Trina Solar plans $400 million Vietnam plant after US sanctions – sources
By Francesco Guarascio HANOI (Reuters) - Chinese solar panel maker Trina Solar is planning to build its third factory in Vietnam, three people familiar with the matter told Reuters, a move that would ...
Syndicated Content Sep 27, 2023
Peoria, IL, USA
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