Category Archives:
U.S. labor costs power ahead in third quarter as wage surge
WASHINGTON (Reuters) - U.S. labor costs increased by the most since 2001 as companies boosted wages and benefits amid a severe worker shortage, suggesting inflation could remain high for sometime. The...
Oct 29, 2021
Russia needs higher interest rates to rein in inflation: Reuters poll
By Andrey Ostroukh MOSCOW (Reuters) - Russia will need to raise interest rates further this year to their highest since 2017 and keep them at that level for several months as inflation shows little si...
Oct 29, 2021
Chinese electric vehicle maker BYD launches $1.8 billion capital raising -term sheet
HONG KONG (Reuters) - Chinese electric vehicle company BYD Co is raising up to $1.8 billion in a capital raising launched on Friday, a term sheet seen by Reuters showed. A price range to sell 50 milli...
Oct 29, 2021
Canadian economy likely flat in September, August GDP up 0.4%
OTTAWA (Reuters) - The Canadian economy was most likely flat in September, following a gain of 0.4% in August, with third quarter annualized GDP likely rising 1.9%, data showed on Friday. As of Septem...
Oct 29, 2021
Alibaba-backed Best to sell China express delivery business in $1.1 billion deal
(Reuters) -Alibaba-backed Best Inc said on Friday it would sell its express delivery business in China to J&T Express Co. Ltd in a deal valued at about 6.8 billion yuan ($1.06 billion), including debt...
Oct 29, 2021
U.S. consumer spending rises solidly in September; inflation stays hot
WASHINGTON (Reuters) - U.S. consumer spending increased solidly in September, but was partly flattered by higher prices as inflation remained hot amid shortages of motor vehicles and other goods in th...
Oct 29, 2021
High lithium costs start to feed into prices of China EV batteries -BMI
By Pratima Desai LONDON (Reuters) - Soaring costs of materials such as lithium and nickel used to make electric vehicle batteries are starting to feed through into prices of these batteries in China, ...
Oct 29, 2021
Belarus classifies social media channels as ‘extremist’ in new crackdown
(Reuters) - The Belarusian interior ministry on Friday classified three of the country's most popular opposition social media channels as extremist organisations, meaning that people can face up to se...
Oct 29, 2021
Apple set to hand crown of world’s most valuable company to Microsoft
By Subrat Patnaik (Reuters) - Apple Inc is set to lose its crown as the world's most valuable public company to Microsoft Corp if the iPhone maker's shares continue their downward slide when the marke...
Oct 29, 2021
Higher inflation primary risk to portfolios as funds trim bond holdings
By Tushar Goenka BENGALURU (Reuters) - Global funds flagged higher inflation as the top risk to their portfolios over the coming three months, cutting recommended bond holdings to the lowest in nearly...
Oct 29, 2021
Peoria, IL, USA
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