Ukraine aerospace sector’s push for Western tie-ups met with skepticism
By Valerie Insinna and Joanna Plucinska LONDON/WASHINGTON (Reuters) – Ukrainian aerospace group Motor Sich has little to show so far for a wartime effort to woo potential partners in the West, as…
Moody’s cuts China property sector’s outlook to negative
(Reuters) – Moody’s on Thursday cut China’s crisis-hit property sector’s outlook to negative from stable, citing economic growth challenges the ratings agency said would dampen sales despite government support. Moody’s said it…
Italy plans measures to support key sectors including microelectronics
By Elvira Pollina and Giuseppe Fonte ROME (Reuters) – Italy is preparing measures to support strategic industrial sectors including microelectronics and promote foreign investment programmes worth at least 1 billion euros ($1.1…
China to make plans to stabilise growth of 10 sectors, including auto, steel
BEIJING (Reuters) – China will formulate plans to stabilise growth in 10 sectors, including auto and steel, Zhao Zhiguo, spokesperson for the Ministry of Industry and Information Technology, told a press conference…
Big Banks Win Big After Financial Sector’s Chaotic Start To The Year
Big Banks Win Big After Financial Sector’s Chaotic Start To The Year Jason Cohen on April 17, 2023 Some of the largest financial institutions posted positive earnings despite bank turmoil during the…
U.S. Senate banking panel to hold hearings on sector’s woes, chair says
WASHINGTON (Reuters) – The Democratic head of the U.S. Senate Banking Committee on Wednesday said the panel would hold hearings on the bank industry’s problems but that any new legislation was unlikely…
Chile’s Falabella posts Q4 net loss as key sectors see revenue drop
(Reuters) – Chilean retailer Falabella on Tuesday reported a fourth-quarter net loss of 22.6 billion Chilean pesos ($26.3 million), after posting a net profit of 196.2 billion pesos in the year ago…
China tightens listing guidelines to funnel funding to strategic sectors – FT
(Reuters) -China’s stock regulator is set to stop local companies in certain sectors from listing on the country’s main stock exchanges, the Financial Times reported on Monday, citing two capital markets bankers…
Russia might raise taxes in high-margin resource sectors -Finance Minister
(Reuters) – Russia’s finance ministry will analyse whether there is potential to increase taxes in resource sectors of the economy where there are high margins, Deputy Finance Minister Alexei Sazanov said on…
Indonesia extends loan relief for some pandemic-hit sectors
JAKARTA (Reuters) – Indonesia has extended loan forbearance for businesses such as accommodation as well as the textile and footwear industries that are yet to recover from the impact of the COVID-19…
China expands list of sectors for foreign investment, focusing on manufacturing
BEIJING (Reuters) – China’s state planner on Friday issued the 2022 list of sectors for foreign investment, which has been expanded to encourage foreign capital to flow into manufacturing sectors in a…
French luxury groups to highlight sector’s resilience as demand holds up for now
By Mimosa Spencer PARIS (Reuters) – French luxury groups LVMH, Gucci-owner Kering and Hermes are expected to post double-digit third-quarter sales growth as demand for high-end fashion from tourists and shoppers revamping…
World Bank approves Egypt $400 million to improve and decarbonize logistics and transportation sectors
CAIRO (Reuters) -The World Bank has agreed to provide Egypt with $400 million to develop the logistics and transportation sectors and support the shift towards lower carbon emissions, the group said in…
Supply constraints delaying U.S. solar sector’s boom from new climate law -market report
(Reuters) – U.S. solar energy project developers will struggle to access equipment supplies for at least the next year, delaying their ability to tap generous new subsidies, because panel imports are being…
Indonesia to extend loan relief for some pandemic-hit sectors
JAKARTA (Reuters) – Indonesia’s financial regulator plans to extend regulations for loan forbearance for some sectors that have yet to recover from the impact of the COVID-19 pandemic beyond a March 2023…
El Centro Sector’s 2022 Border Safety Event Brings Awareness
CALEXICO, Calif. – El Centro Sector Border Patrol successfully completed its annual Border Safety Event, Wednesday. This year’s event highlighted the dangers of crossing through the Yuha Desert. U.S. Border Patrol agents,…
Turkish banks should boost sectors promoting long-term economic growth -watchdog
ISTANBUL – Turkey’s banking sector needs to prioritize sectors that will have a long term contribution to the economy, the country’s banking watchdog Chairman Mehmet Ali Akben said on Monday. In a…
Hungary looks to boost domestic ownership in more key sectors -minister
BUDAPEST – Hungary should boost domestic ownership in more key sectors in addition to banking, media and energy, a cabinet minister-designate said on Wednesday, signalling more pressure on foreign companies to scale…
China state planner expands draft list of sectors for foreign investment
BEIJING – China’s state planner on Tuesday solicited public opinion on 2022’s draft list of sectors for foreign investment, which has been expanded to encourage foreign capital to flow into manufacturing sectors…
China urges policies to support catering, retail sectors
BEIJING – China’s state planner called on Tuesday for the implementation of policies to support the country’s catering and retail sectors. Spending on new energy vehicles (NEVs) should also be supported, said…
Auto sector’s transition to EVs needs safeguards for workers, environment -panel
By Ben Klayman DETROIT – Auto industry companies need to take into account their communities and workers through greater environmental protections and higher pay in the transition to electric vehicles, a panel…
Breaking News
