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Hong Kong’s Q1 GDP grows 2.7% y/y
HONG KONG (Reuters) - Hong Kong's economy grew 2.7% in the first quarter from a year earlier, government data showed on Friday, adding that inbound tourism and domestic demand would remain drivers for...
Syndicated Content May 12, 2023
UBS CEO: Credit Suisse no longer seeing outflows
LUCERNE, Switzerland (Reuters) -UBS Chief Executive Sergio Ermotti said on Friday that the situation at Credit Suisse has stabilized and he did not think outflows at the embattled bank were continuing...
Syndicated Content May 12, 2023
Yellen says most U.S. banks would be able to pay off uninsured depositors
NIIGATA, Japan (Reuters) - Most U.S. banks, including those whose share prices are under pressure, would be able to pay off uninsured depositors, if they began to flee, U.S. Treasury Secretary Janet Y...
Syndicated Content May 12, 2023
Northvolt considers building two battery plants in parallel – spokesperson
(Reuters) - Swedish batterymaker Northvolt could build two battery plants in parallel, a spokesperson said on Friday, after fears in Europe that the company would put plans on the continent on hold in...
Syndicated Content May 12, 2023
Singapore central bank chief Menon re-appointed for 2 more years
(Repeats to add update to tagline. Text unchanged) SINGAPORE (Reuters) -Singapore's central banker Ravi Menon has been re-appointed in his role for another two years, the Monetary Authority of Singapo...
Syndicated Content May 12, 2023
Take Five: A summit with a ceiling
(Reuters) - Right now, it's all about deadlines, as lawmakers race to thrash out a deal on the U.S. borrowing limit, voters in Turkey head to the polls and time runs short for Russia and Ukraine to ag...
Syndicated Content May 12, 2023
JP Morgan now expects S.Africa 2023 GDP decline on deeper power cuts
(Reuters) - JPMorgan in a research note on Friday said it now forecast a 0.2% decline in South Africa's 2023 gross domestic product versus a previous forecast for 0.3% growth, citing expectations for ...
Syndicated Content May 12, 2023
Tesla to recall over 1.1 million foreign and China-made cars – Chinese regulator
BEIJING (Reuters) - Tesla Inc will recall a total of 1,104,622 vehicles, both imported and China-made ones, China's market regulator said on Friday. The models to be recalled include imported Model S,...
Syndicated Content May 12, 2023
Fed’s Bowman: more policy tightening likely appropriate
(Reuters) - The U.S. Federal Reserve will probably need to raise interest rates further if inflation stays high, Fed Governor Michelle Bowman said on Friday, adding that key data so far this month has...
Syndicated Content May 12, 2023
Fed’s Bowman calls for external review of Silicon Valley Bank oversight
By Pete Schroeder WASHINGTON (Reuters) - Federal Reserve Governor Michelle Bowman said Friday that the central bank should hire an outside party to further examine the events that led to the abrupt fa...
Syndicated Content May 12, 2023
Peoria, IL, USA
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