Category Archives:
U.S. Commerce removes Wuxi Biologics from unverified list
(Reuters) - The Biden administration said Thursday it had removed Wuxi Biologics, a company that makes ingredients for AstraZeneca's COVID-19 vaccine, and about two dozen other Chinese entities from a...
Dec 15, 2022
Canadian housing starts dip 0.2% in November; beat estimate
TORONTO (Reuters) - Canadian housing starts edged lower in November compared with the previous month as a drop in single-detached urban starts offset groundbreaking in multiple unit urban homes, data ...
Dec 15, 2022
Meta halts construction of two data centres in Denmark
COPENHAGEN (Reuters) - Meta Platforms Inc has halted construction of two data centres in Odense, Denmark, and will instead focus on a new type of data centre used for artificial intelligence (AI), a s...
Dec 15, 2022
Hungarian inflation could peak in Jan-Feb at 25-27% y/y, says minister
BUDAPEST (Reuters) - Hungary's inflation could peak in January or February at 25-27% year-on-year while 2023 inflation could come in at 15-16%, Minister of Economic Development Marton Nagy was quoted ...
Dec 15, 2022
U.S. retail sales fall more than expected in November; weekly jobless claims decrease
WASHINGTON (Reuters) - U.S. retail sales fell more than expected in November, likely payback after surging in the prior month, while the labor market remains tight, with the number of Americans filing...
Dec 15, 2022
Ericsson to reach lower end of margin goal range by 2024
STOCKHOLM (Reuters) - Swedish telecom equipment maker Ericsson said on Thursday it was committed to reaching the lower end of its long-term target of a profit (EBITA) margin of 15-18% by 2024 as it ou...
Dec 15, 2022
Biden to blacklist China’s YMTC, crackdown on AI chip sector
By Alexandra Alper WASHINGTON (Reuters) - The Biden administration on Thursday plans to add Chinese memory chipmaker YMTC and 21 "major" Chinese players in the artificial intelligence chip industry to...
Dec 15, 2022
China mulls new measures to support real estate sector – vice premier
BEIJING (Reuters) - China is mulling new measures to support its real estate sector in order to improve the balance sheets of the industry, the country's vice premier Liu He said on Thursday. China ha...
Dec 15, 2022
INSTANT VIEW: ECB delivers fourth straight increase but slows pace
The European Central Bank raised interest rates for the fourth time in a row on Thursday, and outlined plans to shrink its bloated balance sheet from March 2023 to contain inflation. The central bank ...
Dec 15, 2022
ECB to start offloading bond holdings in March
FRANKFURT (Reuters) - The European Central Bank said on Thursday it would start reducing its 5 trillion euro ($5.3 trillion) bond portfolio from March, its next step towards tighter policy as it tries...
Dec 15, 2022
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