Category Archives:
ECB to drain cash in offset to new yield-capping scheme -sources
By Francesco Canepa SINTRA, Portugal (Reuters) - The European Central Bank will likely drain cash from the banking system to offset any bond purchases made to cap borrowing costs for indebted euro zon...
Jun 28, 2022
Italy says can exceed 3.1% growth target for 2022 despite energy prices
ROME (Reuters) - Italy's Treasury said the country's economy could grow this year by at least as much as Rome's official target of 3.1% set in April, despite the negative impact of surging energy pric...
Jun 28, 2022
Italy’s De Nora delivers on IPO, but prices at bottom of range
MILAN (Reuters) - Industrie De Nora will become the first company to debut on Italy's main market since Russia's invasion of Ukraine derailed new listings, though it priced its share sale at the botto...
Jun 28, 2022
ECB will keep countries on straight and narrow even if it buys more bonds
SINTRA, Portugal (Reuters) - The European Central Bank's upcoming bond-buying programme will rein in rising borrowing costs for vulnerable euro zone countries while keeping the pressure on their gover...
Jun 28, 2022
Renault teams up with Atos on data gathering, which Renault hopes will cut costs
PARIS (Reuters) - French carmaker Renault is teaming up with software company Atos, the companies said on Tuesday, to collect and analyse data in a "strategic collaboration" which Renault said would r...
Jun 28, 2022
Africa’s dream of feeding China hits hard reality
By Duncan Miriri and Joe Bavier THIKA, Kenya (Reuters) - Watching workers poke avocados from the treetops in an orchard owned by Kenyan agriculture firm Kakuzi, managing director Chris Flowers revels ...
Jun 28, 2022
Buffett’s Berkshire buys more Occidental shares, raises stake to about 16.4%
(Reuters) - Warren Buffett's Berkshire Hathaway Inc said on Monday it has purchased another 794,389 shares of Occidental Petroleum Corp, giving the conglomerate a nearly 16.4% stake in the Houston, Te...
Jun 28, 2022
OPEC boosts oil income in 2021, well completions drop
By Alex Lawler LONDON (Reuters) - OPEC's oil revenue surged in 2021 as prices and demand recovered from the worst of the COVID pandemic, while the number of its members' active rigs posted a modest re...
Jun 28, 2022
India’s Zomato sheds nearly $1 billion in valuation over two days after Blinkit deal
BENGALURU (Reuters) - Shares of India's Zomato Ltd fell as much as 8.2% on Tuesday, extending losses for a second straight day as investors questioned the rationale of the company's deal to buy local ...
Jun 28, 2022
G7 to agree tough line on China market abuse – U.S. official
GARMISCH-PARTENKIRCHEN, Germany (Reuters) - The Group of Seven leading industrialised democracies have agreed to develop a coordinated approach to remedying China's "non-market" international trade pr...
Jun 28, 2022
Peoria, IL, USA
38 °F Partly cloudy
