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Author

Reuters

Reuters

  • Business News

    LyondellBasell raises reduction target for planet-warming emissions

    by Reuters December 16, 2022
    by Reuters December 16, 2022

    (Reuters) – Chemicals company LyondellBasell Industries N.V. on Friday increased its greenhouse gas (GHG) reduction target for direct emissions, as well as indirect emissions from purchased energy, to 42% by …

  • Business News

    ECB’s Centeno sees very low probability of more 75 bps rate hikes

    by Reuters December 16, 2022
    by Reuters December 16, 2022

    LISBON (Reuters) -The probability of the European Central Bank returning to 75 basis-point interest rate hikes is now “very low”, ECB Governing Council member Mario Centeno said on Friday, warning …

  • Business News

    Investors expect BoE to finish raising rates in March: BoE survey

    by Reuters December 16, 2022
    by Reuters December 16, 2022

    LONDON (Reuters) -Major financial market participants expect the Bank of England’s interest rate rising cycle to come to an end in March next year, with rates peaking at 4.25%, up …

  • Business News

    Polish fashion retailer LPP has no plans for ‘significant’ job cuts

    by Reuters December 16, 2022
    by Reuters December 16, 2022

    By Patrycja Zaras GDANSK (Reuters) – Poland’s biggest fashion retailer LPP is not planning “significant” job cuts as it reduces costs, finance chief Przemyslaw Lutkiewicz told Reuters. “Despite the expected …

  • US and World News

    Malaysia campsite landslide kills 21, including children

    by Reuters December 16, 2022
    by Reuters December 16, 2022

    By Ebrahim Harris and Rozanna Latiff BATANG KALI, Malaysia (Reuters) -A landslide killed at least 21 people, including children, while they slept in their tents at an unlicensed campsite in …

  • Business News

    Global equity funds draw first weekly inflow after five weeks

    by Reuters December 16, 2022
    by Reuters December 16, 2022

    (Reuters) – Global equity funds attracted their first inflow in six weeks in the week ended Dec. 14, with investors optimistic that easing inflation levels would prompt central banks to …

  • Business News

    Alibaba co-founder Joseph Tsai to reduce stake in company- Bloomberg News

    by Reuters December 16, 2022
    by Reuters December 16, 2022

    (Reuters) – Alibaba co-founder and executive vice chairman Joseph Tsai has indicated he plans to sell part of his stake in the company through Morgan Stanley, Bloomberg News reported on …

  • Business News

    Hungary central bank to keep EU’s highest rate steady as inflation shows no respite

    by Reuters December 16, 2022
    by Reuters December 16, 2022

    By Gergely Szakacs BUDAPEST (Reuters) – Hungary’s central bank is likely to leave its base rate unchanged at 13% next Tuesday, the highest in the European Union, amid a continued …

  • Business News

    ECB bars policymakers from speculating after backlash, Fed scandals

    by Reuters December 16, 2022
    by Reuters December 16, 2022

    FRANKFURT (Reuters) – The European Central Bank has banned its top officials from picking stocks and bonds or making short-term trades after a string of scandals at the Federal Reserve …

  • Business News

    Europe’s car repairers call for competition rules rewrite

    by Reuters December 16, 2022
    by Reuters December 16, 2022

    By Nick Carey LONDON (Reuters) – Europe’s car repair and spare parts industry is calling for a rewrite of EU competition rules, arguing they allow carmakers and franchise dealers to …

  • Business News

    Advent to buy Maxar Technologies for about $4 billion – WSJ

    by Reuters December 16, 2022
    by Reuters December 16, 2022

    (Reuters) – Advent International has agreed to buy Maxar Technologies Inc in a deal that values the satellite owner and operator at about $4 billion, the Wall Street Journal reported …

  • Business News

    Germany on Twitter suspensions: ‘We have a problem, @Twitter’

    by Reuters December 16, 2022
    by Reuters December 16, 2022

    By Thomas Escritt BERLIN (Reuters) -The German Foreign Office tweeted screenshots on Friday of the accounts of journalists suspended by Twitter, warning the platform that the ministry had a problem …

  • Business News

    Debt-laden Italy lashes out at ‘crazy’ ECB after rate hike

    by Reuters December 16, 2022
    by Reuters December 16, 2022

    By Alvise Armellini and Francesco Canepa ROME/FRANKFURT (Reuters) – Italian ministers lashed out at the European Central Bank on Friday, labelling as “baffling” and “crazy” a decision to hike borrowing …

  • Business News

    Energy crisis fuels coal comeback in Germany

    by Reuters December 16, 2022
    by Reuters December 16, 2022

    By Vera Eckert and Tom Sims FRANKFURT (Reuters) – Coal has made a comeback in Germany this year, as Europe’s largest economy turns to the dirty fuel to power it …

  • Business News

    Airbus, Dassault, Indra, Eumet win $3.4 billion fighter jet contract

    by Reuters December 16, 2022
    by Reuters December 16, 2022

    PARIS (Reuters) – Airbus, Dassault Aviation, Indra and the Eumet joint venture between Safran and MTU Aero Engines said on Friday they had won a 3.2 billion euros ($3.4 billion) …

  • Business News

    French financial prosecutor confirms GE’s Belfort site searched

    by Reuters December 16, 2022
    by Reuters December 16, 2022

    PARIS (Reuters) -Searches were conducted on Thursday at U.S conglomerate General Electric’s Belfort site in France as part of an ongoing probe into possible tax fraud, France’s financial prosecutor said …

  • Business News

    Extreme bear sentiment over as investors buy stocks and bonds – BofA

    by Reuters December 16, 2022
    by Reuters December 16, 2022

    By Lucy Raitano LONDON (Reuters) -Investors ploughed cash into stocks and bonds and sold cash and gold in the week to Wednesday, BofA Global Research said on Friday, hailing the …

  • Business News

    Portugal’s central bank cuts 2023 growth forecast to 1.5%

    by Reuters December 16, 2022
    by Reuters December 16, 2022

    By Sergio Goncalves LISBON (Reuters) -The Bank of Portugal on Friday lowered its 2023 economic growth forecast to 1.5% from 2.6% predicted in June, expecting a sharp slowdown after this …

  • Business News

    McDonald’s retains contact with Russian restaurants -new owner

    by Reuters December 16, 2022
    by Reuters December 16, 2022

    By Alexander Marrow and Hilary Russ MOSCOW/NEW YORK (Reuters) – McDonald’s Corp regularly engages with its successor brand in Russia following its exit from the market earlier this year, communications …

  • Business News

    Marketmind: Hanging tough

    by Reuters December 16, 2022
    by Reuters December 16, 2022

    A look at the day ahead in U.S. and global markets from Mike Dolan. As the world’s major central banks turned the interest rate screw this week and insisted on …

  • Business News

    China issues plan to increase flights, boost air passenger volumes – Caixin

    by Reuters December 16, 2022
    by Reuters December 16, 2022

    SHANGHAI (Reuters) -China plans to increase flights with a goal to restore the country’s average daily passenger flight volumes to 70% of 2019 levels by Jan. 6, financial news outlet …

  • Business News

    FTX gets official creditors’ committee in its bankruptcy case

    by Reuters December 16, 2022
    by Reuters December 16, 2022

    By Dietrich Knauth (Reuters) – The U.S. Department of Justice’s bankruptcy watchdog on Thursday appointed a committee to represent FTX accountholders and other junior creditors in the collapsed crypto exchange’s …

  • Business News

    Euro zone business activity falls at slower rate in Dec, inflation eases -PMI

    by Reuters December 16, 2022
    by Reuters December 16, 2022

    By Indradip Ghosh BENGALURU (Reuters) – Euro zone business activity shrank at the slowest pace in four months in December, suggesting a likely recession ahead will be shallower than previously …

  • Business News

    Japan approves tax-code revision, more funds for defence build-up

    by Reuters December 16, 2022
    by Reuters December 16, 2022

    By Tetsushi Kajimoto TOKYO (Reuters) -Japan’s ruling bloc formally agreed on Friday to revise the national tax code for the next fiscal year starting in April, aiming to shift household …

  • Business News

    Italy’s Fincantieri sees scope to expand naval sales on security fears

    by Reuters December 16, 2022
    by Reuters December 16, 2022

    By Elisa Anzolin MILAN (Reuters) – Italian shipbuilder Fincantieri expects to increase sales in its naval business in the coming years as countries spend more on defence following Russia’s invasion …

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