Category Archives:
U.S. Fed works on loophole that masked losses on SVB’s securities -WSJ
(Reuters) - U.S. Federal Reserve may close a loophole that allows some midsize banks to conceal losses on securities they hold, the Wall Street Journal reported on Friday, citing people familiar with ...
Apr 21, 2023
Zimbabwe economy could grow 6% this year, finance minister says
HARARE (Reuters) - Zimbabwe's economy could grow 6% this year, better than a previous forecast for 3.8% growth, thanks to a strong performance by agriculture and easing power shortages, Finance Minist...
Apr 21, 2023
India court rejects Xiaomi’s challenge to $676 million asset freeze – Live Law
NEW DELHI (Reuters) - A court in India's Karnataka state has rejected China-based Xiaomi Corp's petition challenging the seizure of 55.51 billion rupees ($676.35 million) by the Enforcement Directorat...
Apr 21, 2023
Sri Lanka consumer inflation dips to 49.2% y/y in March
(Reuters) - Sri Lanka's National Consumer Price Index (NCPI) eased to 49.2% year-on-year in March, after a 53.6% rise in February, the statistics department said on Friday. The NCPI captures broader r...
Apr 21, 2023
Credit Suisse saw record fund outflows during March turmoil, data shows
LONDON (Reuters) - Credit Suisse saw investors pull a record 4.6 billion euros ($5.04 billion)out of its funds at the height of the bank's troubles last month, data published on Friday showed. The dat...
Apr 21, 2023
Brazil’s Campos Neto: central bank independence is crucial for the economy
By Libby George and Jorgelina do Rosario LONDON (Reuters) -Brazil's central bank Governor Roberto Campos Neto said on Friday that the bank's independence is crucial for the country's economy, as polit...
Apr 21, 2023
Mexico’s lawmakers approve overhaul of mining industry
(Reuters) - The Mexican parliament's lower house voted to press ahead with the proposed overhaul of the country's mining laws which include shortening concessions, tightening water permits and giving ...
Apr 21, 2023
Biden to sign executive order on ‘environmental justice’
WASHINGTON (Reuters) - U.S. President Joe Biden plans to sign on Friday an executive order directing federal agencies to put more focus on environmental polices that do harm to communities, according ...
Apr 21, 2023
Volkswagen increases Q1 sales despite weaker China business
BERLIN (Reuters) - Volkswagen significantly increased deliveries in the first quarter despite weaker business in China, its most important single market, the German carmaker said on Friday. The group ...
Apr 21, 2023
Henkel expects net financial loss from sale of Russia business
(Reuters) - Henkel on Friday said it expects to see a net financial loss in the deal to sell its Russian business. The consumer goods group did not disclose the amount of losses but pointed out that t...
Apr 21, 2023
Peoria, IL, USA
50 °F Partly cloudy
