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Bank of England’s Bailey vows to “see the job through” on inflation
LONDON (Reuters) -Bank of England Governor Andrew Bailey said on Monday the British central bank had to "see the job through" on bringing down an inflation rate that is running higher than in any othe...
Jul 10, 2023
Latin America, Caribbean attract record foreign direct investment in 2022 – ECLAC
SANTIAGO (Reuters) - Latin America and the Caribbean received record flows of foreign direct investment (FDI) last year, a United Nations report showed on Monday, mostly into services, manufacturing a...
Jul 10, 2023
Godrej Aerospace targets Airbus, Boeing suppliers as India jet orders soar
By Dhwani Pandya MUMBAI (Reuters) -Godrej Aerospace is in talks to build aircraft parts for suppliers to Airbus and Boeing as airlines place record jet orders, a top executive at the Indian company sa...
Jul 10, 2023
Fed’s Mester: More hikes needed to bring inflation back down to target
By Michael S. Derby (Reuters) - Federal Reserve Bank of Cleveland President Loretta Mester said on Monday that still-strong levels of underlying inflation pressures are pointing the central bank towar...
Jul 10, 2023
NY Fed survey finds waning near-term inflation expectations
By Michael S. Derby (Reuters) - Americans said in June they were expecting the weakest near-term inflation gains in just over two years, while continuing to mark up the expected path of home price inc...
Jul 10, 2023
Morgan Stanley hires JPMorgan North America M&A head-sources
By Svea Herbst-Bayliss and Anirban Sen (Reuters) - Morgan Stanley has hired senior investment banker Marco Caggiano from JPMorgan Chase & Co, where he led the bank's North America mergers and acquisit...
Jul 10, 2023
Canada extends consultation period for RBC’s $13.5 billion bid for HSBC unit
TORONTO (Reuters) - Canada's finance ministry has extended the consultation period for Royal Bank of Canada's $13.5 billion proposed acquisition of HSBC's Canadian unit by 15 days due to a technical e...
Jul 10, 2023
US wholesale inventories revised higher in May
WASHINGTON (Reuters) - U.S. wholesale inventories were unchanged in May after declining for two straight months, suggesting inventory investment could support economic growth in the second quarter. Th...
Jul 10, 2023
Fed’s Barr lays out plan to order more capital for large U.S. banks
By Pete Schroeder WASHINGTON (Reuters) - The Federal Reserve's top regulatory official laid out a sweeping plan to increase capital requirements for the nation's largest banks, saying recent bank fail...
Jul 10, 2023
Meta’s Twitter rival Threads hits 100 million users in record five days
(Reuters) - Meta Platforms' Twitter rival Threads crossed 100 million sign-ups in five days, CEO Mark Zuckerberg said on Monday, dethroning ChatGPT as the fastest online platform to hit the milestone....
Jul 10, 2023
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