Category Archives:
Fed, ECB may slash bank reserves by 90% in new era of high rates – paper
FRANKFURT (Reuters) - The Federal Reserve and the European Central Bank may mop up as much as 90% of the money they pumped into banks over the last decade now that high inflation and interest rates ma...
Jun 22, 2023
Battle of billionaires: Musk’s Starlink eyes India, Ambani resists
By Aditya Kalra, Munsif Vengattil and Aditi Shah NEW DELHI (Reuters) - Elon Musk is eager to bring his Starlink satellite broadband to India, but the world's richest man faces strong resistance from M...
Jun 22, 2023
Britain celebrates 75th anniversary of ‘Windrush’ arrivals
LONDON (Reuters) - Britain will hold a series of events, processions and exhibitions on Thursday to celebrate the 75th anniversary of the arrival of the first Caribbean migrants, paying tribute to the...
Jun 22, 2023
Norway central bank raises rate to 15-year high, with more to come
By Victoria Klesty OSLO (Reuters) - Norway's central bank raised its key policy rate by 50 basis points (bps) to 3.75% on Thursday in a bid to curb inflation, more than expected by a majority of econo...
Jun 22, 2023
Fitch raises India FY24 GDP forecast to 6.3% on strong growth momentum
MUMBAI (Reuters) - Fitch Ratings raised its growth forecast for the Indian economy to 6.3% for the current fiscal year, from 6% earlier, on the back of robust growth in the first quarter and strong ne...
Jun 22, 2023
Novo Nordisk shares slip on EMA drug safety signal
COPENHAGEN (Reuters) - Novo Nordisk said on Thursday the European Union's drug watchdog had last month raised a thyroid cancer safety signal for several of its drugs including semaglutide, the active ...
Jun 22, 2023
Swiss central bank raises rates again, signals may need to do more
By John Revill ZURICH (Reuters) - The Swiss National Bank raised its policy interest rate by 25 basis points on Thursday as the central bank pressed ahead with its campaign to dampen stubborn inflatio...
Jun 22, 2023
Renault Korea to manufacture EVs in city of Busan: city government
SEOUL (Reuters) - Renault Korea Motors plans to build infrastructure at its plant in the southeastern city of Busan to manufacture electric vehicles, the Busan city government said on Thursday. (Repor...
Jun 22, 2023
European shares slide at open on rate hike worries
(Reuters) - European shares opened lower on Thursday on fears of continued monetary policy tightening, with London stocks falling on uncertainty about the size of the Bank of England's interest rate h...
Jun 22, 2023
Pakistan expects IMF funds to be released ‘as soon as possible’, PM says
(Reuters) - Pakistan hopes funds allocated under the International Monetary Fund's bailout programme will be released as soon as possible, the country's prime minister said on Thursday, adding that th...
Jun 22, 2023
Peoria, IL, USA
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