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  • Business News

    Fed’s Bowman: keeping ‘open mind’ on central bank digital currency

    by Reuters February 9, 2022
    by Reuters February 9, 2022

    By Ann Saphir – Federal Reserve Governor Michelle Bowman said Wednesday said she is “trying to keep an open mind” about the usefulness of a U.S. central bank digital currency, …

  • Business News

    ECB may need to raise rates in 2022, new Bundesbank chief says

    by Reuters February 9, 2022
    by Reuters February 9, 2022

    FRANKFURT – The European Central Bank’s German policymakers openly discussed prospects for an interest rate hike on Wednesday, with new Bundesbank chief Joachim Nagel arguing that a move could come …

  • Business News

    Evergrande aims to deliver 600,000 apartments in 2022, says no fire sales

    by Reuters February 9, 2022
    by Reuters February 9, 2022

    HONG KONG/SHANGHAI -China Evergrande Group needs to clear its debt by fully restoring construction and sales activities and not by selling off assets on the cheap, its chairman told an …

  • Business News

    Bank of Portugal chief sees balanced budget in reach again soon

    by Reuters February 9, 2022
    by Reuters February 9, 2022

    By Sergio Goncalves LISBON – Portugal’s government can return to a balanced budget between 2022 and 2023, if it wants, taking advantage of a robust economic recovery from the COVID-19 …

  • Business News

    Shares in Volkswagen and its top investor rise on Porsche listing hopes

    by Reuters February 9, 2022
    by Reuters February 9, 2022

    FRANKFURT – Hopes for more clarity around a possible listing of Volkswagen’s luxury Porsche AG division lifted shares in Europe’s largest carmaker and its top shareholder on Wednesday, traders said. …

  • Business News

    Bunge profit tops expectations as crush margins boost agribusiness unit

    by Reuters February 9, 2022
    by Reuters February 9, 2022

    By Karl Plume and Arunima Kumar -Bunge Ltd reported a stronger-than-expected 17.1% jump in adjusted quarterly profit on Wednesday as large oilseed crops in North America and Europe and strong …

  • Business News

    Toronto index opens higher as global stocks rally on upbeat earnings

    by Reuters February 9, 2022
    by Reuters February 9, 2022

    – Canada’s main stock index climbed on Wednesday, rising for a second straight day, as global stock markets rallied on upbeat earnings and easing geopolitical tensions. At 09:31 a.m. ET …

  • Business News

    Goldman Sachs raises U.S. Treasury 10-year yield forecast

    by Reuters February 9, 2022
    by Reuters February 9, 2022

    – Goldman Sachs said on Wednesday it was raising its forecast for the U.S. 10-year Treasury yield to 2.25% by end-2022 and to 2.45% by end-2023. Goldman’s previous forecast for …

  • Business News

    U.S. may be on ‘cusp’ of inflation slowdown, Fed’s Bostic tells CNBC

    by Reuters February 9, 2022
    by Reuters February 9, 2022

    WASHINGTON – The U.S. economy may be nearing a turn lower in inflation, Atlanta Fed President Raphael Bostic said on Wednesday, though he added he is still leaning towards a …

  • Business News

    CVS expects 70%-80% drop in COVID vaccine administration in 2022

    by Reuters February 9, 2022
    by Reuters February 9, 2022

    – CVS Health Corp said on Wednesday it expects to administer 70% to 80% fewer COVID-19 vaccines in 2022 compared with last year, adding that in-store diagnostic testing could fall …

  • Business News

    Top European shippers warn freight costs to stay high

    by Reuters February 9, 2022
    by Reuters February 9, 2022

    By Jacob Gronholt-Pedersen COPENHAGEN – Two top European shippers warned on Wednesday freight costs were likely to remain high well into this year, offering no relief to customers including the …

  • Business News

    Greece’s fledgling tech scene starts to take off

    by Reuters February 9, 2022
    by Reuters February 9, 2022

    By Karolina Tagaris and Renee Maltezou ATHENS – After years in which Greece was almost as well known for its financial woes as it was for its beaches, recent deals …

  • Business News

    Equinor shareholders to get $10 billion payout as energy prices soar

    by Reuters February 9, 2022
    by Reuters February 9, 2022

    By Nerijus Adomaitis and Nora Buli OSLO – Norway’s Equinor will pay out $10 billion to shareholders this year after it reported record fourth-quarter pretax profits, joining European rivals in …

  • Business NewsFeatured News

    Amazon must adhere to UK supplier rules after grocery turnover tops 1 billion pounds

    by Reuters February 9, 2022
    by Reuters February 9, 2022

    LONDON – Amazon’s food retail business in Britain faces increased regulation after the competition watchdog said rules setting out how grocers should treat their suppliers will now apply to the …

  • Business News

    Currency hit to North American companies in Q3 lowest since 2018

    by Reuters February 9, 2022
    by Reuters February 9, 2022

    By Caroline Valetkevitch NEW YORK – The negative impact of currency fluctuations on North American companies’ third-quarter 2021 results fell from the quarter before and was at the lowest level …

  • Business News

    Toyota and Honda upbeat on profits as customers pay more for scarce cars

    by Reuters February 9, 2022
    by Reuters February 9, 2022

    By Satoshi Sugiyama and Tim Kelly TOKYO – Toyota Motor and Honda Motor were upbeat about their full-year profit prospects on Wednesday as tight vehicle supplies caused by a chip …

  • Business News

    Tesla recalls 26,681 U.S. vehicles over windshield defrosting software

    by Reuters February 9, 2022
    by Reuters February 9, 2022

    By David Shepardson WASHINGTON – Tesla Inc is recalling 26,681 vehicles in the United States because a software error may result in windshield defrosting problems, the National Highway Traffic Safety …

  • Business News

    GSK sees sales growth in 2022 after quarterly beat, prepares for spin-off

    by Reuters February 9, 2022
    by Reuters February 9, 2022

    By Pushkala Aripaka and Ludwig Burger -Britain’s GSK forecast growth in 2022 after racking up 1.4 billion pounds ($1.9 billion) in COVID-related sales in 2021, beating quarterly forecasts in its …

  • Business News

    Bosch CEO expects chip shortage to ease significantly in second half

    by Reuters February 9, 2022
    by Reuters February 9, 2022

    BERLIN – Bosch CEO Stefan Hartung expects the chip shortage to lessen significantly in the second half of this year, he said at a press conference on Thursday, adding he …

  • Business News

    Fed denies release of correspondence on pandemic trades made by policymakers

    by Reuters February 9, 2022
    by Reuters February 9, 2022

    By Howard Schneider – The U.S. Federal Reserve, responding to a Freedom of Information Act request by Reuters, said there are about 60 pages of correspondence between its ethics officials and …

  • Business News

    Facebook, Instagram are hot spots for fake Louis Vuitton, Gucci and Chanel

    by Reuters February 9, 2022
    by Reuters February 9, 2022

    By Elizabeth Culliford and Silvia Aloisi NEW YORK/MILAN – Facebook owner Meta Platforms is struggling to stop counterfeiters from pushing fake luxury goods from Gucci to Chanel across its social …

  • Business News

    Analysis-Investors eye uncharted waters as quantitative tightening looms in Canada

    by Reuters February 9, 2022
    by Reuters February 9, 2022

    By Fergal Smith TORONTO – As the Bank of Canada prepares to shrink its bloated balance sheet, investors say the move could enable expected interest rate hikes to have more …

  • Business News

    Credit Suisse vice chair faces re-election opposition -FT

    by Reuters February 9, 2022
    by Reuters February 9, 2022

    ZURICH -Credit Suisse Vice Chair Severin Schwan will face opposition from some major shareholders if he stands for re-election to the board of the embattled Swiss bank in April, the …

  • Business News

    Handelsbanken reports record profit in fourth quarter

    by Reuters February 9, 2022
    by Reuters February 9, 2022

    STOCKHOLM – Swedish banking group Handelsbanken reported record results on Wednesday as rising income, lower loan losses and measures to curb costs lifted its fourth-quarter operating earnings. “The result for …

  • SportsUS and World News

    Olympics-IOC says ‘Where is Peng Shuai?’ answered, to meet her again in summer

    by Reuters February 9, 2022
    by Reuters February 9, 2022

    BEIJING – The International Olympic Committee (IOC) has answered the question of the whereabouts of Chinese tennis player Peng Shuai after meeting her during the Beijing Olympics, IOC President Thomas …

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