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Category:

Financial News

  • Financial News

    Women expect higher inflation than men, driven by food costs: ECB study

    by Reuters September 14, 2022
    by Reuters September 14, 2022

    FRANKFURT (Reuters) – Women expect higher inflation then men and their outlook is primarily driven by food costs, a European Central Bank study found on Wednesday, a potential concern for …

  • Financial News

    European shares drop; Inditex boosts retailers

    by Reuters September 14, 2022
    by Reuters September 14, 2022

    By Shreyashi Sanyal (Reuters) -European shares dipped on Wednesday after higher-than-expected U.S. inflation cemented views of a large interest rate hike by the Federal Reserve next week, but a rally …

  • Financial News

    Euro zone industrial production much weaker than expected in July

    by Reuters September 14, 2022
    by Reuters September 14, 2022

    BRUSSELS (Reuters) – Euro zone industrial production was much weaker than expected in July, data showed on Wednesday, mainly because of a sharp drop in the output of capital goods …

  • Financial News

    Uber pays New Jersey $100 million in back taxes over driver employment status

    by Reuters September 14, 2022
    by Reuters September 14, 2022

    By ShubhenduSatish Deshmukh and Shubham Kalia (Reuters) – Uber Technologies Inc said on Monday it back-paid New Jersey $100 million in unemployment taxes over classifying drivers as contractors, but added …

  • Financial News

    Biden to promote shift to EVs in visit to Detroit auto show

    by Reuters September 14, 2022
    by Reuters September 14, 2022

    By David Shepardson DETROIT (Reuters) – President Joe Biden plans to take a victory lap on Wednesday at the Detroit auto show, highlighting automakers’ increasing shift to electric vehicles and …

  • Financial News

    Analysis-Why the dollar’s wrecking-ball rally is not done yet

    by Reuters September 14, 2022
    by Reuters September 14, 2022

    By Tom Westbrook SINGAPORE (Reuters) – A rally that has the dollar on course for its best year since 1984 has further to run, traders and analysts say, suggesting more …

  • Financial News

    India’s August wholesale inflation eases as commodity prices fall

    by Reuters September 14, 2022
    by Reuters September 14, 2022

    By Manoj Kumar NEW DELHI (Reuters) – India’s wholesale price inflation slowed in August helped by a fall in commodity prices, but double-digit price gains for the 17th month raise …

  • Financial News

    EU court backs EU antitrust decision against Google, trims fine

    by Reuters September 14, 2022
    by Reuters September 14, 2022

    LUXEMBOURG (Reuters) – Europe’s second-top court on Wednesday upheld an EU antitrust decision against Alphabet unit Google for using its Android mobile operating system to quash rivals but trimmed the …

  • Financial News

    EU Commission to propose more flexibility in debt reduction

    by Reuters September 14, 2022
    by Reuters September 14, 2022

    STRASBOURG (Reuters) – The European Commission will propose in October changes to EU debt rules that make them simpler and more flexible in reducing high debt and that will allow …

  • Financial News

    EU to seek clearance of trade deals, set rules on raw materials – von der Leyen

    by Reuters September 14, 2022
    by Reuters September 14, 2022

    STRASBOURG (Reuters) – The European Union needs to update its links with reliable countries and key growth areas and secure supply of lithium and rare earths that power the switch …

  • Financial News

    Indonesia orders regional heads to keep food inflation below 5% – minister

    by Reuters September 14, 2022
    by Reuters September 14, 2022

    JAKARTA (Reuters) – Indonesia’s central government on Wednesday ordered regional heads to keep food inflation below 5% as the recent hike in fuel prices could add 1.6%-2% to the inflation …

  • Financial News

    Swedish inflation surge paves way for big Riksbank hike

    by Reuters September 14, 2022
    by Reuters September 14, 2022

    STOCKHOLM (Reuters) – Swedish inflation surged again in August, with Wednesday’s statistics office data likely to force the central bank into an aggressive rate hike later this month and again …

  • Financial News

    France is not falling into recession, Le Maire says

    by Reuters September 14, 2022
    by Reuters September 14, 2022

    PARIS (Reuters) – French Finance Minister Bruno Le Maire said on Wednesday that the economy was not facing recession after the government lowered its economic outlook for 2023. Le Maire …

  • Financial News

    Sweden’s AB Volvo starts series production of heavy electric trucks

    by Reuters September 14, 2022
    by Reuters September 14, 2022

    STOCKHOLM (Reuters) -Swedish truck maker AB Volvo said on Wednesday it was starting series production of heavy electric trucks, catering to a growing demand for zero-emission transport. It said in …

  • Financial News

    PwC HK, KPMG to host U.S. regulator for China inspections -SCMP

    by Reuters September 14, 2022
    by Reuters September 14, 2022

    (Reuters) – PwC Hong Kong and KPMG China are the first accounting firms that will help a U.S. regulator inspect auditing work for United States-listed mainland companies, the South China …

  • Financial News

    Rio Tinto, China Baowu to develop Australian iron ore project for $2 billion

    by Reuters September 14, 2022
    by Reuters September 14, 2022

    By Sameer Manekar and Praveen Menon (Reuters) -Rio Tinto Ltd said on Wednesday it would team up with its biggest customer China Baowu Steel Group to develop an iron ore …

  • Financial News

    BOJ’s reported currency rate check

    by Reuters September 14, 2022
    by Reuters September 14, 2022

    (Reuters) – The Bank of Japan has conducted a rate check in apparent preparation for currency intervention, the Nikkei newspaper reported on Wednesday, as policymakers stepped up warnings about sharp …

  • Financial News

    Apple plans to use latest chip tech by Taiwan’s TSMC in iPhones, Macs – Nikkei

    by Reuters September 14, 2022
    by Reuters September 14, 2022

    (Reuters) -Apple Inc is planning to use an updated version of Taiwanese chipmaker TSMC’s latest chip producing technology in iPhones and Macbooks next year, the Nikkei Asia newspaper reported on …

  • Financial News

    Explainer-What would Japan’s currency intervention to combat a weak yen look like?

    by Reuters September 14, 2022
    by Reuters September 14, 2022

    By Leika Kihara and Tetsushi Kajimoto TOKYO (Reuters) – The Bank of Japan has conducted a rate check in apparent preparation for currency intervention, the Nikkei website reported on Wednesday, …

  • Financial News

    Marketmind: Eyes wide open

    by Reuters September 14, 2022
    by Reuters September 14, 2022

    A look at the day ahead in European and global markets from Anshuman Daga Was the recent rise in markets a dead cat bounce? The sea of red splashed across …

  • Financial News

    History of Japan’s intervention in currency markets

    by Reuters September 14, 2022
    by Reuters September 14, 2022

    TOKYO (Reuters) – The Bank of Japan has conducted a rate check in apparent preparation for currency intervention, the Nikkei website reported on Wednesday, citing unidentified sources, as policymakers stepped …

  • Financial News

    Exclusive-How Norway’s Equinor exited Russia: Move fast, sell cheap

    by Reuters September 14, 2022
    by Reuters September 14, 2022

    By Nerijus Adomaitis and Ron Bousso LONDON/OSLO (Reuters) – Norway’s Equinor became the first Western oil major to fully exit Russia this month, avoiding the high-profile clashes with Moscow experienced …

  • Financial News

    BlackRock courts investors ahead of Aramco gas pipelines bond sale -sources

    by Reuters September 14, 2022
    by Reuters September 14, 2022

    By Yousef Saba DUBAI (Reuters) – BlackRock Inc has held meetings with investors in London to drum up interest in a bond sale to begin refinancing a $13.4 billion loan …

  • Financial News

    BOJ conducted rate check in apparent preparation for currency intervention -Nikkei

    by Reuters September 14, 2022
    by Reuters September 14, 2022

    TOKYO (Reuters) – The Bank of Japan has conducted a rate check in apparent preparation for currency intervention, the Nikkei website reported on Wednesday citing unnamed sources. (Reporting by Mariko …

  • Financial News

    Google must face most of Texas lawsuit over ad dominance, judge rules

    by Reuters September 14, 2022
    by Reuters September 14, 2022

    By Paresh Dave OAKLAND, Calif. (Reuters) -Alphabet Inc’s Google must face all but one antitrust allegation about its online advertising business brought in a lawsuit by attorneys general for Texas …

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