Geely Chair Li Shufu sells his stake in Daimler Truck
BERLIN (Reuters) – Tenaciou3 Prospect Investment has sold its entire stake in Daimler Truck, a Daimler Truck spokesperson said on […]
China cuts banks’ reserve ratio for first time in 2023 to aid recovery
By Ellen Zhang and Kevin Yao BEIJING (Reuters) -China’s central bank said on Friday it would cut the amount of
Russia’s Sberbank recommends record dividend payout – CEO
(Reuters) -The board of Russia’s largest lender, state-owned Sberbank, has recommended paying a dividend of 25 roubles ($0.3260) per share
Analysis-SVB’s climate tech clients face humbling funding questions
By Ross Kerber and Isla Binnie BOSTON / NEW YORK (Reuters) – For years Silicon Valley Bank was a lender
China Jan-Feb fiscal revenue shrinks despite pick-up in economy
BEIJING (Reuters) – China’s fiscal revenues fell 1.2% in the first two months of 2023 from a year earlier, the
OECD hikes growth outlook, but warns recovery fragile
By Leigh Thomas PARIS (Reuters) – The global economic outlook has improved from a few months ago as the inflation
Global money market funds draw massive inflows in week to March 15
(Reuters) – Global money market and government bond funds obtained massive weekly inflows as investors rushed to safer assets on
Analysis-Investors stick to bets on early end to ECB hikes as uncertainty grows
By Yoruk Bahceli and Naomi Rovnick AMSTERDAM (Reuters) – Investors held tight to bets that banking jitters would rein in
Euro zone labour costs jump 5.7% y/y in Q4
BRUSSELS (Reuters) -Euro zone labour costs jumped in the last three months of 2022 and third-quarter data was revised up
Fed to stay the course with 25 bps rate hike on March 22: Reuters poll
By Prerana Bhat and Indradip Ghosh BENGALURU (Reuters) – The U.S. Federal Reserve will raise interest rates by 25 basis