Category Archives:
Turkey policy moves are steps in right direction – EBRD official
By Nevzat Devranoglu and Zeynep Berkem ANKARA (Reuters) - Turkey's latest monetary and fiscal moves are steps in the right direction, though regaining credibility in economic policy remains a challeng...
Jul 21, 2023
Italy’s climate plan lacks financial strategy, think-tank warns
MILAN (Reuters) - Italy needs to invest 118 billion euros ($131 billion) annually to decarbonise its economy but lacks the financial strategy to attract funds from private investors and to allocate mo...
Jul 21, 2023
WHO warns of dengue risk as global warming pushes cases near historic highs
GENEVA (Reuters) - The World Health Organization warned on Friday that cases of dengue fever could reach close to record highs this year, partly due to global warming benefiting mosquitoes that spread...
Jul 21, 2023
KKR boosts chemicals portfolio with $1.3 billion deal for Chase
(Reuters) -KKR & Co said on Friday it would buy chemical maker Chase in an all-cash deal valued at about $1.3 billion including debt, to help the private equity firm bolster its holdings in the specia...
Jul 21, 2023
Investors’ dash to cash may have peaked – BofA
LONDON (Reuters) - Investors' rush to the safety of cash, a dominant theme in capital flow data this year, may be peaking, Bank of America global research said on Friday. There was a net $10 billion d...
Jul 21, 2023
Regions Financial’s quarterly profit meets estimates on net interest income boost
(Reuters) - Regions Financial's second-quarter profit met Wall Street estimates on Friday, as higher interest income offset the drag from bigger provisions. Lenders have earned more in interest income...
Jul 21, 2023
Russian central bank ups 2023 GDP forecast as it hikes rates by 100 basis points
(Reuters) - Russia's central bank raised its forecast for economic growth in 2023 even as it hiked rates by 100 basis points on Friday, now envisaging gross domestic product (GDP) growth of up to 2.5%...
Jul 21, 2023
AmEx beats profit estimates as card spending rises
(Reuters) - American Express beat estimates for second-quarter profit on Friday as its affluent customer base continued to spend, undeterred by sticky inflation and rising interest rates. While rising...
Jul 21, 2023
AutoNation’s quarterly revenue beats estimates on new vehicle, services demand
(Reuters) - U.S. auto retailer AutoNation posted better-than-expected revenue in the second quarter on Friday, as demand for new vehicles and aftermarket services offset the impact from falling used-v...
Jul 21, 2023
Analysis-Tesla taps Biden tax credits to offset EV price cuts
By Hyunjoo Jin SEOUL (Reuters) - Tesla CEO Elon Musk is ready to cut electric car prices again to drive sales if the economy swoons, and part of the reason is a bonanza from Biden administration tax c...
Jul 21, 2023
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