Category Archives:
Euro zone yields extend fall after BoE flags recession risk
By Yoruk Bahceli and Stefano Rebaudo (Reuters) - Euro zone government bond yields extended their decline on Thursday after the Bank of England slashed its forecast for the British economy in 2023. The...
May 05, 2022
Walgreens reaches $683 million opioid settlement with Florida
By Dietrich Knauth (Reuters) -Walgreens Boots Alliance said on Thursday it has reached a $683 million settlement with Florida to resolve claims that the pharmacy chain exacerbated an opioid epidemic i...
May 05, 2022
Nikola posts wider quarterly loss as production costs rise
(Reuters) -Nikola Corp reported wider quarterly losses on Thursday, with the electric-truck maker incurring higher costs as it ramped up production of its electric semi trucks. Electric vehicle compan...
May 05, 2022
No messing around, central banks ramp up inflation fight
LONDON (Reuters) - In a race to get on top of surging inflation, central banks in the United States, Britain and Australia, all jacked up interest rates this week. Stubbornly high inflation also promp...
May 05, 2022
U.S. productivity posts biggest decline since 1947 in first quarter
WASHINGTON (Reuters) - U.S. worker productivity fell at its steepest pace since 1947 in the first quarter, while growth in unit labor costs accelerated, indicating that rising wage pressures will cont...
May 05, 2022
Pound skids 2% on BoE recession warning, biggest daily fall since 2020
LONDON (Reuters) -Britain's pound and government bond yields fell sharply on Thursday, after the Bank of England raised interest rates to their highest since 2009 but warned that the economy was at ri...
May 05, 2022
Brazilian steelmaker Gerdau posts quarterly profit fall
SAO PAULO (Reuters) - Brazilian steelmaker Gerdau SA on Thursday reported first-quarter net profit down 17% from the previous three months at 2.94 billion reais ($597.96 million) as weaker results in ...
May 05, 2022
China will roll out more support measures to stabilise jobs – cabinet
BEIJING (Reuters) -China will roll out more support measures to help small firms and stabilise employment, including the introduction of policies to support the platform economy as soon as possible, S...
May 05, 2022
U.S. weekly jobless claims increase; layoffs creep up in April
WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits increased more than expected last week, but remained at a level consistent with tightening labor market condi...
May 05, 2022
Carbon credit platform Pachama raises $55 million in latest funding round
By Simon Jessop and Susanna Twidale LONDON (Reuters) -Nature-based carbon credit platform Pachama said on Thursday it had raised $55 million in a funding round led by venture capital firm Future Posit...
May 05, 2022
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