By Paul Lienert (Reuters) – Redwood Materials is the latest company to set up shop in South Carolina’s growing community of electric vehicle and battery manufacturers, the Carson City, Nevada-based …
Reuters
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Business News
Crypto firm Binance says deposits returning after heavy withdrawals
by Reutersby ReutersBy Tom Wilson and Rae Wee LONDON/SINGAPORE (Reuters) -The head of major crypto exchange Binance said on Wednesday deposits were returning, a day after it saw heavy outflows of cryptocurrencies …
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By Vuyani Ndaba JOHANNESBURG (Reuters) – The South African Reserve Bank will probably jack up interest rates by just 50 basis points more in early 2023 as signs of disinflation …
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(Reuters) – Wall Street’s main stock indexes edged lower on Wednesday as investors exercised caution ahead of the much-anticipated interest rate decision by the Federal Reserve later in the day. …
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Business News
Russia’s central bank says inflationary expectations edge down in December
by Reutersby ReutersMOSCOW (Reuters) – Inflationary expectations for the year ahead among Russian households edged lower in December to 12.1% from 12.2% in November, the central bank said in a report on …
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By Corina Pons MADRID (Reuters) -Zara owner Inditex posted a 24% increase in net profit for the first nine months of its fiscal year, as price rises helped offset weakening …
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US and World News
Xi and top Chinese leadership to hold key economic meeting as COVID spikes
by Reutersby ReutersBy Julie Zhu and Liz Lee HONG KONG/BEIJING (Reuters) – Chinese President Xi Jinping, his ruling Politburo and senior government officials will meet over the next two days to plot …
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US and World News
China reportedly delays key economic meeting amid signs of COVID surge
by Reutersby ReutersBy Brenda Goh and Farah Master SHANGHAI/HONG KONG (Reuters) -Chinese leaders have reportedly delayed a key economic policy meeting amid growing signs that COVID-19 infections are surging in Beijing nearly …
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BEIJING (Reuters) – China will take steps to spur domestic consumption, including auto and home purchases, state media said on Wednesday, citing state plans. China will also increase consumption in …
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Business News
Billionaire-backed KoBold Metals to invest in Zambia copper mine
by Reutersby ReutersJOHANNESBURG (Reuters) – California-based artificial intelligence exploration firm KoBold Metals is investing $150 million to develop a copper mine in Zambia, the company announced at the U.S.-Africa Leaders Summit in …
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Business News
UK inflation falls from 41-year high in run-up to BoE rate decision
by Reutersby ReutersBy David Milliken LONDON (Reuters) -British inflation fell more than expected in November after it hit a 41-year high in October, raising hopes that the price surge has peaked and …
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Business News
EU Commission approves Italy’s 2023 draft budget despite reservations
by Reutersby ReutersBRUSSELS (Reuters) -Italy’s draft 2023 budget draft, drawn up by its new government, is overall in line with policies agreed by EU governments, the European Commission said on Wednesday, noting …
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US and World News
Israeli jurists warn against Ben-Gvir’s bid for more powers over police
by Reutersby ReutersBy Dan Williams JERUSALEM (Reuters) – Legal advisers to Israel’s parliament and outgoing government on Wednesday criticised a bid by a far-right politician to give himself expanded powers as next …
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US and World News
Ukraine’s parliament enacts reform laws recommended by EU – Speaker
by Reutersby ReutersBy Dan Peleschuk KYIV (Reuters) – Ukraine’s parliament has passed all the legislation sought by the European Union before Kyiv starts talks on joining the 27-member bloc, the assembly’s speaker …
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Business News
Brazil’s economic activity shrinks in October on rate hike impact
by Reutersby ReutersBRASILIA (Reuters) – Brazil’s economic activity contracted in October, a central bank index showed on Wednesday, as aggressive interest-rate hikes to battle inflation takes a toll on growth in Latin …
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US and World News
U.S. special counsel subpoenas officials in Georgia, Nevada – W.Post
by Reutersby ReutersWASHINGTON (Reuters) – U.S. Special Counsel Jack Smith has issued a subpoena to Georgia Secretary of State Brad Raffensperger and authorities in Clark County, Nevada, according to The Washington Post, …
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By Nidal al-Mughrabi GAZA (Reuters) – Leaders of the Islamist movement Hamas swore defiance in a choreographed display of force on Wednesday as one of the most hardline right-wing governments …
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Business News
U.S. consumer loan delinquencies seen surging to 13-year high in 2023 – study
by Reutersby ReutersBy Saeed Azhar and Lananh Nguyen NEW YORK (Reuters) – U.S. consumers will fall behind on their personal loan and credit card payments next year at the highest rates since …
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LONDON (Reuters) – The Bank of England set out plans on Wednesday to regulate wholesale cash distribution in Britain to ensure that bank notes and coins remain easily available as …
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Business News
Microsoft targets internet expansion in Africa, longer-term cloud adoption
by Reutersby ReutersBy Jeffrey Dastin (Reuters) – Microsoft Corp aims to secure internet access for 100 million more people in Africa by 2025, teaming up with a satellite provider and setting the …
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(Reuters) – Russian oil exports to the European Union fell by 430,000 barrels per day to 1.4 million bpd in November from the previous month, according to the International Energy …
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US and World News
In a small Russian town, a pensioner’s street art denounces Ukraine conflict
by Reutersby ReutersBOROVSK, Russia (Reuters) – Over 20 years, Russian pensioner Vladimir Ovchinnikov gained a following for his street murals in the small town of Borovsk, some 70 miles (115 km) southwest …
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BANGKOK (Reuters) – Thailand’s economy is still on the recovery path and should grow 3.4% this year and 3.8% next year, supported by a rebound in its vital tourism sector, …
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Business News
Cepsa and Repsol say fully cooperating with Spain anti-trust investigation
by Reutersby ReutersMADRID (Reuters) – Spain’s two largest oil companies Repsol and privately owned Cepsa said on Wednesday they were fully cooperating with Spanish anti-trust watchdog on a preliminary investigation recently opened …
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By Carolyn Cohn LONDON (Reuters) -Britain’s markets watchdog is working with overseas regulators to look at other stresses in the global financial system, such as leveraged hedge funds, its chief …