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EU’s Von Der Leyen Pledges More Support for Wind Industry
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U.S. Stocks, Treasury Yields Gain as CPI Cements Fed Pause
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Synthetic Graphite for Ev Batteries: Can the West Crack China’s Code?
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No Eib Presidency Decision Expected This Week -German Sources
ECB Criticises New Italian Tax on Windfall Bank Profits
Date: September 13, 2023
ECB criticises new Italian tax on windfall bank profits By Francesco Canepa and Giuseppe Fonte FRANKFURT (Reuters) – The European Central Bank (ECB) on Wednesday criticised the Italian government’s proposed tax on windfall bank profits, saying it did not consider lenders’ long-term prospects and could make some of them vulnerable to an economic downturn. Last...
Chinese Consumers Cheer Apple’s iPhone 15, Others Prefer Huawei
Date: September 13, 2023
Chinese consumers cheer Apple’s iPhone 15, others prefer Huawei By Yelin Mo and Brenda Goh BEIJING (Reuters) – Apple’s iPhone 15 drew mixed reactions in its third largest market of China on Wednesday, with many online users liking its faster chip and improved gaming capabilities while others preferred Huawei’s new smartphone. China remains key for...
Goldman J.P.Morgan Cut UK’s 2023 Growth Forecast
Date: September 13, 2023
Goldman, J.P.Morgan cut UK’s 2023 growth forecast (Reuters) -Goldman Sachs and J.P.Morgan on Wednesday cut their full-year growth forecast for the UK’s gross domestic product (GDP), citing an unexpectedly sharp contraction in the economy in July. The brokerages cut their forecast by 20 basis points each with JPM now expecting 0.4% expansion and Goldman Sachs...
Abb Invests $280 Million in New Robotics Factory in Sweden
Date: September 13, 2023
ABB invests $280 million in new robotics factory in Sweden ZURICH (Reuters) – ABB is spending $280 million on a new robotics factory in Sweden, the Swiss engineering and technology group said on Wednesday, to meet growing demand triggered by customers moving production from Asia closer to their home markets. ABB, whose products range from...
Aviva to Sell Singlife Joint Venture Stake for $1 Billion
Date: September 13, 2023
Aviva to sell Singlife joint venture stake for $1 billion By Elizabeth Howcroft LONDON (Reuters) -Aviva is quitting its Singlife joint venture, selling its 25.9% stake in Singapore Life Holdings and two debt instruments to Sumitomo Life for a combined 800 million pounds ($997 million), the British insurer said on Wednesday. The transaction is expected...
Sterling Drops After UK Economy Contracts by More Than Expected
Date: September 13, 2023
Sterling drops after UK economy contracts by more than expected LONDON (Reuters) – The British pound declined against the dollar and euro on Wednesday after data showed British economic output contracted by more than expected in July. Sterling was last down 0.3% against the dollar at $1.2459, on track for its biggest daily drop in...