Category Archives:
High inflation and recession risk – the Bank of England’s dilemma
By William Schomberg LONDON (Reuters) - The Bank of England is trying to curb an inflation rate that is running higher in Britain than in the United States and the euro zone, without pushing the econo...
Syndicated Content Jun 06, 2023
VW’s China joint venture transforms Shanghai plant for EV production
SHANGHAI (Reuters) - Volkswagen's Chinese joint venture with SAIC Motor has transformed one of its plants in Shanghai for production, research and development of electric vehicles (EV), the German aut...
Syndicated Content Jun 06, 2023
Microsoft searching for solutions over UK block on Activision deal -president
By Paul Sandle LONDON (Reuters) -The president of Microsoft said he was looking for solutions to try to get British approval for the software giant's $69 billion acquisition of "Call of Duty" maker Ac...
Syndicated Content Jun 06, 2023
UBS expects agreement on Credit Suisse loss guarantee by June 7 – SEC filing
ZURICH (Reuters) -UBS expects to finalize its agreement with the Swiss government to cover up to 9 billion Swiss francs ($9.92 billion) in losses from its emergency takeover of Credit Suisse by June 7...
Syndicated Content Jun 06, 2023
Exclusive-China’s state banks told to lower cap on dollar deposit rates – sources
SHANGHAI/BEIJING (Reuters) - A Chinese self-regulatory body overseen by the central bank has asked major state-owned banks to lower the dollar deposit interest rates, four people with direct knowledge...
Syndicated Content Jun 06, 2023
Google’s AI to power virtual travel agent from Priceline
By Jeffrey Dastin (Reuters) - Want a New York hotel near a Christmas market, a vegan restaurant, or another attraction? Look no further than artificial intelligence from Google at Priceline as early a...
Syndicated Content Jun 06, 2023
Futures slip as mixed data clouds Fed policy outlook
(Reuters) - Wall Street futures slipped on Tuesday as investors assessed chances of the Federal Reserve holding interest rate at its meeting next week, with mixed data adding to uncertainty around the...
Syndicated Content Jun 06, 2023
U.S. public sees no clear winner in debt ceiling deal -Reuters/Ipsos poll
By Jason Lange WASHINGTON (Reuters) - Neither President Joe Biden's Democrats nor Republicans in Congress emerged as a clear winner in the battle to raise the $31.4 trillion debt ceiling, according to...
Syndicated Content Jun 06, 2023
Cathay Pacific to pay deferred dividend to HK govt as operations return to normal
(Reuters) - Cathay Pacific Airways Ltd said on Tuesday it would pay the deferred dividend of HK$1,524.1 million ($194.35 million) on the preference shares held by the Hong Kong SAR (HKSAR) government ...
Syndicated Content Jun 06, 2023
Marketmind: Markets level, Aussie hikes, crypto judders
A look at the day ahead in U.S. and global markets from Mike Dolan As world stock markets levelled off on Tuesday, Australia dampened hopes that central banks were set to pause the interest rate rise ...
Syndicated Content Jun 06, 2023
Peoria, IL, USA
60 °F Partly cloudy
