Category Archives:
Germany home prices to fall modestly this year and next: Reuters poll
By Indradip Ghosh BENGALURU (Reuters) - Home prices in Germany are forecast to correct modestly this year and decline a bit more in 2024 as a series of interest rate rises further cools hot demand for...
May 31, 2023
AI boom triples valuation of Lightmatter, US startup using light for computing
By Jane Lanhee Lee OAKLAND, California (Reuters) - Lightmatter, a Boston-based startup using light for AI computing, said on Wednesday it raised $154 million and tripled its valuation as customers in ...
May 31, 2023
Australia looks to rest of world even as China trade ties heal
By Lewis Jackson SYDNEY (Reuters) - Australia will encourage businesses diversify their trade into new and emerging markets, Trade Minister Don Farrell will say in a speech on Thursday, even as ties h...
May 31, 2023
Canada’s economy up 3.1% in Q1, April GDP likely up 0.2%
May 31 (Reuters) - Canada's economy was up 3.1% on an annualized basis in the first quarter, beating analysts' expectations, as favorable international trade and growth in household spending was moder...
May 31, 2023
Global palladium market to swing to surplus in 2024 – Nornickel
(Reuters) - Russia's Nornickel expects the global palladium market to swing to a surplus of 300,000 troy ounces in 2024 from a deficit of 200,000 ounces in 2023 due to recycling outpacing demand recov...
May 31, 2023
Debt ceiling bill will pass, No. 3 U.S. House Republican says
WASHINGTON (Reuters) - The U.S. House of Representatives will have the votes needed to pass a Republican debt ceiling bill later on Wednesday, Representative Tom Emmer, the No. 3 House Republican, sai...
May 31, 2023
Volkswagen launches extra shifts at Wolfsburg plant – brand board member
HAMBURG (Reuters) - Volkswagen has introduced extra shifts at its factory in Wolfsburg, the carmaker's biggest, after supply chain disruptions in the wake of the Ukraine war and global chip shortage h...
May 31, 2023
China Renaissance chairman’s detention extended by 3 months -report
BEIJING (Reuters) - The detention of Bao Fan, chairman of investment bank China Renaissance Holdings, has been extended for another three months beginning May 7, Chinese financial publication Economic...
May 31, 2023
Lira hits record low as Turkey prepares for new cabinet
ISTANBUL (Reuters) -Turkey's lira tumbled on Wednesday to a fresh record low against the dollar as President Tayyip Erdogan prepared to decide the shape of his new cabinet and the direction of economi...
May 31, 2023
No quick recovery for German economy after winter slump – DIW
BERLIN (Reuters) - There is no quick recovery in sight for the inflation-hit German economy following a winter recession, the DIW economic research institute said on Wednesday, as its monthly indicato...
May 31, 2023
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