BERLIN (Reuters) – The German government has loosened its requirements for export credit guarantees for companies doing business with Ukraine in an effort to shore up economic recovery in the …
All News
-
-
Business News
Pakistan PM briefs IMF chief, hopes for release of stalled funds
by Reutersby ReutersBy Asif Shahzad (Reuters) -Pakistan’s Prime Minister Shehbaz Sharif on Thursday briefed International Monetary Fund’s managing director Kristalina Georgieva on the economic outlook of the cash-strapped South Asian nation, hoping …
-
Business News
Netflix CEO says $2.5 billion Korean investment won’t exploit local talent
by Reutersby ReutersSEOUL (Reuters) – Netflix co-CEO Ted Sarandos pledged on Thursday that its bumper investment in South Korean content would not bypass young local talent, after calls by some lawmakers for …
-
Business News
Battle of billionaires: Musk’s Starlink eyes India, Ambani resists
by Reutersby ReutersBy Aditya Kalra, Munsif Vengattil and Aditi Shah NEW DELHI (Reuters) – Elon Musk is eager to bring his Starlink satellite broadband to India, but the world’s richest man faces …
-
Business News
Aegon bets on Transamerica to boost cash flow and dividend in 2025
by Reutersby Reuters(Reuters) -Transamerica owner Aegon on Thursday forecast a higher free cash flow and dividend in 2025, flagging untapped potential in the U.S and stepping up its strategy to invest in …
-
Business News
Explainer-What is the ‘Bridgetown Initiative’ asking for at Paris summit?
by Reutersby ReutersPARIS (Reuters) – President Macron hosts a summit in Paris starting Thursday to discuss reform of the world’s multilateral finance institutions in the face of climate change and other development …
-
Business News
Fitch raises India FY24 GDP forecast to 6.3% on strong growth momentum
by Reutersby ReutersMUMBAI (Reuters) – Fitch Ratings raised its growth forecast for the Indian economy to 6.3% for the current fiscal year, from 6% earlier, on the back of robust growth in …
-
By David Milliken LONDON (Reuters) -The Bank of England is set to raise interest rates for a 13th time in a row on Thursday, a day after inflation data came …
-
Business News
Renault Korea to manufacture EVs in city of Busan: city government
by Reutersby ReutersSEOUL (Reuters) – Renault Korea Motors plans to build infrastructure at its plant in the southeastern city of Busan to manufacture electric vehicles (EVs), the Busan city government said. The …
-
Business News
World Bank should add disaster clauses to debt agreements- Yellen
by Reutersby ReutersPARIS (Reuters) -U.S. Treasury Secretary Janet Yellen said on Thursday the World Bank should add disaster clauses to debt agreements with poorer countries, speaking ahead of a summit in Paris …
-
(Reuters) – Europe is seeking to lure electric vehicle (EV) battery makers to build factories in the region as the bloc – home to carmakers such as Volkswagen and Stellantis …
-
PARIS (Reuters) – Heavily indebted French supermarket chain Casino on Thursday announced it would sell its residual equity stake in Brazilian retailer Assai, representing around 12% of the company’s share …
-
Business News
Japan raises view on employment in June for first time in 11 months
by Reutersby ReutersBy Kaori Kaneko TOKYO (Reuters) – Japan’s employment trends showed “improvement recently”, the government said in its latest monthly assessment of the economy, noting a decline in the jobless rate …
-
By Leika Kihara and Takahiko Wada TOKYO/NAHA, Japan (Reuters) -Bank of Japan (BOJ) board member Asahi Noguchi said on Thursday the central bank must maintain ultra-loose monetary policy to ensure …
-
Business News
Swiss National Bank calls for new measures after Credit Suisse crash
by Reutersby ReutersBy Noele Illien ZURICH (Reuters) -The Swiss National Bank (SNB) on Thursday said it was crucial to draw lessons from the Credit Suisse crisis that led to the bank’s downfall …
-
Business News
PE firm Carlyle to sell stake in India’s Delhivery for at least $86 million
by Reutersby ReutersBENGALURU (Reuters) – Private equity firm Carlyle plans to sell its entire 2.53% stake in Indian logistics firm Delhivery via its special purpose vehicle for at least $86 million, according …
-
A look at the day ahead in European and global markets from Ankur Banerjee The stage is set for the Bank of England on a central bank- heavy day in …
-
BERLIN (Reuters) – Brexit has been an “economic disaster” for trade and investment ties between the United Kingdom and Germany, leading to a fall in German direct investment and seeing …
-
Business News
Turkish central bank to hike rates sharply in post-election pivot
by Reutersby ReutersBy Ali Kucukgocmen ISTANBUL (Reuters) -Turkey’s central bank is expected to raise its policy rate sharply on Thursday in a strong signal that re-elected President Tayyip Erdogan has accepted some …
-
Business News
Australia’s Telix Pharma hits record high after buying UK medical devices firm
by Reutersby Reuters(Reuters) – Telix Pharmaceuticals rose over 3% on Thursday to hit an all-time high, after the radiopharma company said it would acquire UK-based medical device firm Lightpoint Medical. Telix had …
-
Business News
China to tread warily on easing as concerns over impact on banks mount
by Reutersby Reuters(Corrects story to delete extraneous word in bullet point, fix abbreviation in paragraph 4.) By Kevin Yao and Ziyi Tang BEIJING (Reuters) – China’s central bank is likely to cut …
-
By Elida Moreno PANAMA CITY (Reuters) – The Panama Canal will expand restrictions on the largest ships crossing the waterway, one of the world’s busiest trade passages, the canal authority’s …
-
By Wayne Cole SYDNEY (Reuters) -The head of Australia’s central bank will find out in July whether he will be reappointed to a second term, as customary, or be passed …
-
Business News
Reformer fire quickly put out at Exxon Baytown, Texas, refinery – sources
by Reutersby ReutersHOUSTON (Reuters) – A fire on a reformer at Exxon Mobil Corp’s 564,440 barrel-per-day (bpd) Baytown, Texas, refinery was quickly extinguished on Wednesday, said people familiar with plant operations. The …
-
Business News
Amazon duped millions of consumers into enrolling in Prime, US FTC says
by Reutersby ReutersBy David Shepardson WASHINGTON (Reuters) -The U.S. Federal Trade Commission on Wednesday accused Amazon.com of enrolling millions of consumers into its paid subscription Amazon Prime service without their consent and …