Category Archives:
Euro industrial output up in August, but sharply down year-on-year
BRUSSELS (Reuters) - Euro zone industrial production rose by more than expected in August, data showed on Friday, as factories made more consumer goods although overall output was down by more than 5%...
Oct 13, 2023
World Bank’s Banga eyes longer, cheaper loans as mission expands to climate
By David Lawder MARRAKECH, Morocco (Reuters) - World Bank president Ajay Banga on Friday laid out ambitious plans to widen the development lender's mission to include climate change and other global c...
Oct 13, 2023
Malaysia announces smaller budget, eyes subsidy cuts to narrow deficit
By Danial Azhar KUALA LUMPUR (Reuters) - Malaysia on Friday unveiled a tighter budget for 2024, focusing on subsidy rationalisation to strengthen its fiscal position, as an economic slowdown puts a st...
Oct 13, 2023
Country Garden founding family provides $300 million loan, selling jet – report
HONG KONG (Reuters) - The founding family of Country Garden recently loaned the embattled Chinese property developer $300 million interest free, and the family was also trying to sell its private jet,...
Oct 13, 2023
Pakistan set to meet some key targets set by IMF – central bank chief
KARACHI, Pakistan (Reuters) - Pakistan's central bank has met an end-September deadline for a forward book target of $4.2 billion agreed with the IMF, and is comfortably placed to meet others on net i...
Oct 13, 2023
Inflation has peaked in Germany – Bundesbank’s Nagel
MARRAKESH (Reuters) - Inflation in Germany is on a downward trajectory, Bundesbank President Joachim Nagel said on Friday on the sidelines of an International Monetary Fund meeting in Marrakesh. "It s...
Oct 13, 2023
Exclusive-Star Chinese fund manager Wang detained and under investigation -sources
(Reuters) - Wang Yawei, a star fund manager in China, has been detained by authorities since August and is under investigation, according to three sources with knowledge of the matter. The 52-year-old...
Oct 13, 2023
German economy expected to shrink slightly in Q3 – econ ministry
BERLIN (Reuters) - Germany's economy is seen as shrinking slightly in the third quarter as the global economic slowdown, money tightening and energy prices slow its expected recovery, the economy mini...
Oct 13, 2023
KKR prepares binding bid for Telecom Italia’s grid as deadline looms
By Elvira Pollina MILAN (Reuters) - U.S. fund KKR is preparing to submit a multibillion euro bid for Telecom Italia's (TIM) landline grid by a deadline on Sunday as part of a government-backed plan to...
Oct 13, 2023
Rouble steadies, locking in gains made after Putin ordered capital controls
MOSCOW (Reuters) - The Russian rouble steadied near 97.5 to the dollar on Friday, locking in the hefty gains made in the previous session after President Vladimir Putin ordered the mandatory sale of f...
Oct 13, 2023
Peoria, IL, USA
44 °F Mist
