By Andy Sullivan and Valerie Volcovici WASHINGTON (Reuters) – Solar and EV companies are warning that a Republican plan to slash federal spending in exchange for a hike in the …
firms,
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Hungary’s price caps, windfall taxes dent morale among German firms -survey
by Reutersby ReutersBUDAPEST (Reuters) – Price caps to curb surging inflation and windfall taxes imposed by Hungary’s government have hurt sentiment among German firms in the country, a business survey showed on …
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New York Fed limits types of firms that can access its reverse repo facility
by Reutersby ReutersBy Michael S. Derby (Reuters) – The Federal Reserve Bank of New York on Tuesday added new limitations to the terms governing who can access a well-used tool it uses …
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Chipmaking tool firms expect boom in China sales despite export rules
by Reutersby ReutersBy Stephen Nellis (Reuters) – Two companies that make tools for manufacturing chips said that they expect sales to China to boom later this year despite U.S. export restrictions on …
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Investors warn big consumer firms over price hikes as competitors gain
by Reutersby ReutersBy Richa Naidu and Jessica DiNapoli LONDON/NEW YORK (Reuters) – Consumer goods companies like P&G, Unilever and Nestle should start easing price increases as supply chain costs decline, investors told …
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MUMBAI (Reuters) – The U.S. dollar-denominated bonds issued by entities of India’s Adani Group were trading marginally higher on Thursday, after a group company said it will consider a buyback …
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Japanese firms want stability rather than change from new BOJ governor -Reuters poll
by Reutersby ReutersBy Tim Kelly TOKYO (Reuters) – Most Japanese firms want Bank of Japan Governor Kazuo Ueda to focus on financial market stability at his first policy meeting next week, with …
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EU Imposes Carbon Tax Despite Opposition From US, Chinese Firms
EU Imposes Carbon Tax Despite Opposition From US, Chinese Firms John Hugh DeMastri on April 18, 2023 The European Parliament finalized legislation Tuesday that will impose taxes on imports based …
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Hong Kong woos mainland China crypto firms in push to bolster finance hub status
by Reutersby ReutersBy Josh Ye HONG KONG (Reuters) – After years of bankers quitting Hong Kong amid a China security crackdown and tight COVID curbs, the city is rolling out the red …
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Italian bank loans to firms fall as demand weakens: central bank
by Reutersby Reuters(Reuters) – Bank loans to companies in Italy declined sharply between November and February as demand weakened and interest rates rose, the Bank of Italy said on Friday. In the …
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NEW YORK (Reuters) – The U.S. economy continued to churn out jobs at a brisk pace in March, pushing the unemployment rate down to 3.5%, signs of persistent labor market …
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UK service firms report second month of growth as prospects improve -PMI
by Reutersby ReutersLONDON (Reuters) – Britain’s economy looks set to have grown in early 2023 after firms in the dominant service sector in March reported the strongest new business expansion in a …
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LONDON (Reuters) – British businesses were their most confident this month since May 2022 and pricing expectations, which are being watched by the Bank of England as it grapples with …
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By Chiara Elisei LONDON (Reuters) – U.S. and European small and medium-sized (SME) firms may be next to feel the pain of rapid interest rate rises, with analysts and investors …
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MOSCOW (Reuters) – Foreign investors from “unfriendly” countries selling assets in Russia will be obliged to donate at least 10% of the sale price to the Russian budget, making life …
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China issues preferential tax policy for small firms, household businesses
by Reutersby ReutersBEIJING (Reuters) – China’s finance ministry on Monday issued preferential tax policy for some small firms and household businesses, as part of steps to support the economic recovery. China will …
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Japan firms see global inflation risk as major headwind for fiscal 2023 – Reuters poll
by Reutersby ReutersBy Rocky Swift TOKYO (Reuters) – Japanese firms see inflation and the chance of worldwide recession as the primary risks they face in fiscal 2023, a Reuters monthly poll showed. …
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NEW YORK (Reuters) – Berkshire Hathaway’s Warren Buffett has been in discussions with senior Biden administration officials about the banking crisis, leading some to speculate that Buffett would consider investing …
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Beijing may allow foreign financial firms to list in China – ex-finance minister
by Reutersby ReutersSHANGHAI (Reuters) – China will encourage foreign capital to participate in its financial markets and may allow foreign-funded financial institutions to go public in the country when “conditions are ripe”, …
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Plaintiffs firms vie for lead roles in Ohio derailment lawsuits
by Reutersby ReutersBy Clark Mindock (Reuters) – Rival groups of plaintiffs lawyers are vying for lead roles in nearly two dozen lawsuits against railway company Norfolk Southern over last month’s train derailment …
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US attorneys general condemn credit-card firms for backtracking on gun sale code
by Reutersby Reuters(Reuters) – A coalition of 14 attorneys general condemned payment networks majors including Visa Inc, American Express Co and Mastercard Inc for pausing work on a merchant code to help …
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Biden’s ‘Climate Bank’ Bailout Bolsters Green Firms Poised To Rake In Federal Subsidies
Biden’s ‘Climate Bank’ Bailout Bolsters Green Firms Poised To Rake In Federal Subsidies John Hugh DeMastri on March 13, 2023 The Biden administration’s Sunday decision to guarantee the deposits of …
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Solar firms Sunnova and Sunrun shed light on exposure to Silicon Valley Bank
by Reutersby Reuters(Reuters) – Residential solar companies Sunrun Inc and Sunnova Energy on Friday disclosed their exposure to SVB Financial Group, which has been closed down by California banking regulators. Sunrun stated …
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Peru mining firms’ logistics at risk from extended protests, Fitch says
by Reutersby Reuters(Reuters) – Mining companies operating in Peru face “material risk” amid extended protests and blockades in the world’s No. 2 copper-producing nation, Fitch Ratings said on Thursday, warning of possible …
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S.Korea regulator fines two firms for naked shorts under stricter law
by Reutersby ReutersSEOUL (Reuters) – South Korea’s financial regulator fined two firms for naked short selling in the local stock market, for the first time under the new law of heavier penalties. …