Category Archives:
IMF still concerned by banking sector wobbles – chief economist
PARIS (Reuters) - The International Monetary Fund remains concerned about recent turbulence in the banking sector despite actions by the U.S. and Swiss authorities to deal with troubled banks on their...
May 09, 2023
Japan’s Mitsubishi Electric to build India plant for $231 million
BENGALURU (Reuters) - The Indian arm of Japan's Mitsubishi Electric Corp said on Tuesday that it will invest 18.91 billion rupees ($231.2 million) to set up a manufacturing facility in the southern st...
May 09, 2023
Li-Cycle and Glencore unveil plans for recycling hub in Italy
(Reuters) - Battery recycler Li-Cycle Holdings Corp said on Tuesday it planned to develop a recycling hub in Italy along with Swiss miner and commodity trader Glencore Plc to produce battery materials...
May 09, 2023
Nintendo expects to sell 15 million Switch consoles this year
TOKYO (Reuters) - Japan's Nintendo Co Ltd on Tuesday said it expects to sell 15 million Switch game consoles in the financial year to end-March 2024, compared with 17.97 million the previous year. The...
May 09, 2023
Cryptoverse-Tether gets a lift from stability doubts
By Tom Wilson and Vidya Ranganathan (Reuters) - Digital stablecoin tether is winning the race for the title of the crypto world's "least risky" asset. As a regional U.S. banking crisis widens and a re...
May 09, 2023
Iveco Group, Nikola reshuffle Joint Venture on electric, hybrid trucks
MILAN (Reuters) - Italy's Iveco Group has agreed to buy the full ownership of its joint venture with U.S. start-up Nikola developing battery electric and fuel cell heavy-duty trucks, the two companies...
May 09, 2023
Vietnam lawmakers call for further rate cut to prop up growth
HANOI (Reuters) - Vietnamese lawmakers on Tuesday urged the central bank to consider cutting policy rates further to support the economy and help the country meet its economic growth target for the ye...
May 09, 2023
Daimler Truck sees higher returns as supply chains, demand improve
BERLIN (Reuters) - Daimler Truck reported on Tuesday an adjusted return of sales of 8.8% in the first quarter of the year, up from 5.9% last year and towards the top end of its annual outlook for 2023...
May 09, 2023
UBS says Credit Suisse CEO Koerner to join leadership of combined group
ZURICH (Reuters) - UBS Group said on Tuesday Credit Suisse CEO Ulrich Koerner will join the executive board of the combined bank once it closes its takeover of its Swiss rival while Todd Tuckner will ...
May 09, 2023
Explainer-Why the EU is restricting grain imports from Ukraine
LONDON (Reuters) - The European Commission has announced restrictions on the imports of Ukrainian what, maize, rapeseed and sunflower seed in Poland, Hungary, Romania, Slovakia and Bulgaria until June...
May 09, 2023
Peoria, IL, USA
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