– Bank of America economists said on Friday that they expect the Federal Reserve to hike rates by 25 basis points seven times this year, beginning in March, adopting one …
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Monetary policy effect on global inflation drivers may be ‘limited’ -NY Fed
by Reutersby ReutersBy Jonnelle Marte – Domestic monetary policy actions may do little to tame some of the inflation being driven by global supply chain pressures, researchers for the New York Federal …
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By Chris Prentice and Michelle Price WASHINGTON – Robinhood Markets is still facing a number of legal and regulatory threats a year after the retail “meme stock” trading frenzy led …
- Business News
UK’s rich and poor face similar inflation – but different economic pain
by Reutersby ReutersBy Andy Bruce LONDON – Britain’s rich and poor alike are experiencing surges in inflation, official data showed on Friday, although soaring food and energy prices mean low-income households stand …
- Business News
The big rotation: European tech in biggest monthly drop in 13 years
by Reutersby ReutersBy Joice Alves LONDON – European technology stocks fell into bear territory on Friday and were on track for their biggest monthly drop since the 2008 global financial crisis amid …
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Automaker Stellantis to suspend COVID-19 vaccine mandate for U.S. staff
by Reutersby Reuters– Automaker Stellantis NV said it would suspend its COVID-19 vaccine mandate for U.S. employees, days after the country’s Supreme Court blocked President Joe Biden’s vaccination-or-testing mandate for large businesses. …
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By Valentina Za MILAN -UniCredit will continue to study potential mergers and acquisitions after deciding against a Russian deal due to geopolitical risks but won’t stray from plans to return …
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Cathie Wood’s ARK buys the dip in Tesla shares after months of selling
by Reutersby Reuters– Star stock picker and noted Tesla Inc bull Cathie Wood’s ARK Invest took advantage of a slump in the electric-car maker’s shares following its results, piling into the stock …
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By Ann Saphir – With inflation higher and lasting longer than expected, the Federal Reserve needs to take its foot off the monetary gas pedal “a little bit” to address …
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– U.S. investors ramped up their selling of equity funds in the week to Jan. 26, hit by a selloff in tech stocks, and the rising geopolitical tensions between Russia …
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By Anna Ringstrom STOCKHOLM -Swedish fashion group H&M drew a line under the pandemic on Friday, reporting a bigger than expected jump in quarterly profit and hiking investments with the …
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Stellantis commitments in Italy unaffected by early loan repayment – union
by Reutersby ReutersMILAN – Management at carmaker Stellantis has confirmed its commitment to preserve jobs and plants in Italy despite the early repayment of a 6.3 billion euro ($7.03 billion) state-backed loan, …
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WASHINGTON – U.S. labor costs increased strongly in the fourth quarter, pointing to a rapidly tightening jobs market and supporting the Federal Reserve’s shift towards raising interest rates. The Employment …
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China says U.S. should stop ‘unreasonable suppression’ of Chinese companies
by Reutersby ReutersHONG KONG – The United States should immediately stop “unreasonable suppression” of Chinese companies and treat them fairly, China’s commerce ministry said on Friday. A U.S. regulator earlier revoked China …
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ROME – The shareholders’ meeting of Prada appointed on Friday environmental, social and governance (ESG) experts Pamela Culpepper and Anna Maria Rugarli as independent non-executive directors to its board, the …
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U.S. government opens $1.5 billion infrastructure grant program
by Reutersby ReutersBy David Shepardson WASHINGTON – The U.S. Transportation Department on Friday said it was opening a $1.5 billion grant program for a wide range of infrastructure projects. In November, the …
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By Mathieu Rosemain PARIS – Orange on Friday named Christel Heydemann its new chief executive, making her the first woman to lead France’s biggest telecoms operator amid a revamp of …
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Hong Kong’s Bank of East Asia proposes $372 million share buyback
by Reutersby Reuters– Hong Kong’s Bank of East Asia Ltd said on Friday it intends to buy back 8.43% of its total issued shares worth HK$2.904 billion ($372.65 million) owned by hedge …
- Business News
ECB looks into governance issues at Deutsche Bank fund business – source
by Reutersby ReutersBy Tom Sims and Frank Siebelt FRANKFURT -The European Central Bank is looking into corporate governance issues surrounding the chief executive officer of Deutsche Bank’s fund business DWS, a person …
- Business News
India’s Ather targets 1 million electric scooters a year as demand soars
by Reutersby ReutersBy Aditi Shah NEW DELHI – Ather Energy, India’s top electric scooter maker by revenue, is raising funds to ramp up annual production to one million scooters over the next …
- Business News
U.S. Treasury likely to cut auction sizes, possibly for last time
by Reutersby ReutersBy Karen Brettell – The U.S. Treasury Department is likely to keep cutting auction sizes when it gives its refunding estimates for the coming quarter next week, after ramping up …
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Family of Ahmaud Arbery wants racial justice as murderers face new trial
by Reutersby ReutersBy Rich McKay ATLANTA – The family of Ahmaud Arbery, a Black jogger who was chased by three white men in pickup trucks and gunned down in south Georgia in …
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By Ron Bousso LONDON – Shell’s head of renewable energies Elisabeth Brinton has stepped down less than two years after taking the reins of the business which the company seeks …
- Business News
COVID leaves Germany and France with contrasting economic fortunes
by Reutersby ReutersBy Joseph Nasr and Leigh Thomas BERLIN/PARIS -The German economy contracted over the last three months of 2021 while the French economy expanded, data published on Friday showed, pointing to …
- Business News
Apple makes easy escape from supply crisis, but others may have to wait
by Reutersby ReutersBy Nivedita Balu – Apple Inc’s triumph over the global chips supply-chain shortage has signaled good news amid troubled markets around the world. Not so fast, say analysts. The iPhone …