By Jan Strupczewski BRUSSELS (Reuters) -Poland was on Thursday holding up the European Union’s formal adoption of a minimum corporate tax for large companies which, as part of a whole …
Reuters
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A look at the day ahead in U.S. and global markets from Mike Dolan. For markets navigating the barrage of major central bank interest rate rises this week – there’s …
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US and World News
Winter storm pummels north-central U.S. with snow, spawns tornadoes in South
by Reutersby Reuters(Reuters) -A major winter storm pounded the heart of the United States on Tuesday, bringing heavy snow and freezing rain to the Northern Plains and spawning thunderstorms and destructive tornadoes …
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LONDON (Reuters) – Britain’s biggest domestic bank Lloyds has hired ING’s technology chief to run its operations, Lloyds said on Thursday. Ron van Kemenade will join Lloyds as group chief …
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(Reuters) -Analysts at J.P.Morgan on Thursday raised their 2023 growth forecast for China’s gross domestic product by 30 basis points to 4.3% as the world’s second largest economy reopens from …
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Business News
Russia’s Magnit races to open discount stores as living standards slump
by Reutersby ReutersMOSCOW (Reuters) – Russian supermarket chain Magnit plans to continue the rapid roll-out of discount stores next year as shoppers across the country turn to cut-price options amid a recession …
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By Liang-sa Loh and Sarah Wu TAIPEI (Reuters) -Taiwan’s central bank on Thursday said it expects inflation to drop below 2% next year, which would signal an end to the …
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By Anshuman Daga SINGAPORE (Reuters) – Grab Holdings, Southeast Asia’s biggest ride-hailing and food delivery firm, is cutting more costs to cope with an uncertain economic backdrop, the Singapore-based company’s …
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US and World News
Russia questions suitability of Biden’s nominated ambassador to Moscow
by Reutersby ReutersMOSCOW (Reuters) – Russia on Wednesday questioned the suitability of the woman nominated by President Joe Biden to be the next U.S. ambassador to Moscow, suggesting Lynne Tracy might feel …
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(Reuters) – Kremlin spokesman Dmitry Peskov said on Thursday that no decision had been made yet on whether to go ahead with a repair of the undersea Nord Stream gas …
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SHANGHAI (Reuters) -China’s BYD Co will launch a new “professional and personal” electric car brand in 2023, a senior executive said on Thursday as the automaker expands its range following …
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By David Gaffen (Reuters) – For the energy industry, 2022 will be remembered as the year Russia’s invasion of Ukraine accelerated a global energy crisis. The invasion, and subsequent Western …
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BERLIN (Reuters) – Germany’s IfW became the latest economic institute to revise up its growth forecast for 2023 on Thursday as Europe’s largest economy hopes to avoid the worst of …
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Business News
Global house price fall underway won’t do much for affordability, say analysts
by Reutersby ReutersBy Hari Kishan and Indradip Ghosh BENGALURU (Reuters) – House prices in most major property markets will fall in 2023, according to nearly 100 housing market analysts polled by Reuters, …
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ZURICH (Reuters) – British American Tobacco (BAT) is to close a cigarette manufacturing plant in Switzerland next year, laying off 226 workers, the Tages-Anzeiger paper and other Swiss media reported …
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GDANSK, Poland (Reuters) – Next year Polish clothing retailer LPP will pay a dividend, the company’s chief financial officer (CFO) said during a teleconference on Thursday, a day after the …
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ATHENS (Reuters) – European Union leaders are “close to” imposing a natural gas price cap, Greek Prime Minister Kyriakos Mitsotakis said on ahead of talks on tackling high energy prices …
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US and World News
Moscow says Vatican apologised over Pope’s comments about ‘cruel’ Russian ethnic minorities
by Reutersby ReutersMOSCOW (Reuters) – Russia said on Thursday it had received an apology from the Vatican over Pope Francis’ comments last month that Russian soldiers from some ethnic minority groups were …
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US and World News
‘We choose love’: Ten years after Sandy Hook shooting, town reflects on loss
by Reutersby ReutersBy Nathan Layne NEWTOWN, Conn. (Reuters) -Ten years after one of the worst school shootings in U.S. history, residents of the Connecticut town where it took place marked Wednesday’s anniversary …
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By John Revill and Michael Shields BERN (Reuters) – Swiss National Bank Chairman Thomas Jordan said it was too early to “sound the all-clear” on high inflation after the central …
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By Andrea Shalal, Daphne Psaledakis and Michael Martina WASHINGTON (Reuters) – President Joe Biden on Wednesday announced an agreement aimed at bolstering trade ties between the United States and Africa …
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Business News
Julia Leung to become first female head of Hong Kong securities watchdog
by Reutersby ReutersBy Selena Li HONG KONG (Reuters) – The Hong Kong government has named Julia Leung as new head of the Securities and Futures Commission (SFC), becoming the first female chief …
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Business News
Australia’s ANZ shareholders vote to amend corporate holding structure
by Reutersby Reuters(Reuters) – Australia and New Zealand Banking Group said on Thursday its shareholders voted to establish a new holding company to separate its banking and non-banking businesses into two different …
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Business News
Philippine central bank to back wealth fund after raising transparency concerns
by Reutersby ReutersMANILA (Reuters) – The Philippine central bank on Thursday said it was backing the creation of a sovereign wealth fund being pushed by President Ferdinand Marcos Jr, after having earlier …
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By Georgina Lee HONG KONG (Reuters) – Two exchange traded funds (ETF) that track U.S.-listed cryptocurrency futures have raised a combined $73.6 million ahead of their debut on the Hong …