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PIRC recommends vote for BP climate activist resolution
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Procter & Gamble price hikes take sales from strength to strength
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SAP to embed ChatGPT in products as quarterly revenue beats estimates
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Credit squeeze ‘biggest threat’ to economic outlook, Fidelity International says
Dollar heads for first weekly gain since February
Date: April 21, 2023
Dollar heads for first weekly gain since February By Amanda Cooper LONDON (Reuters) – The dollar headed for its first weekly gain in nearly two months on Friday as investors raised their bets that the Federal Reserve will increase rates in May, while the euro drew some support from a surprising recovery in the euro...
Norway sovereign fund backs Teck Resources in battle with Glencore
Date: April 21, 2023
Norway sovereign fund backs Teck Resources in battle with Glencore OSLO (Reuters) -Norway’s sovereign wealth fund, one of the world’s largest investors, said on Friday it will support a plan by Canadian miner Teck Resources to spin off its metallurgical coal business and focus on copper and zinc. By voting in favour of the Teck...
MG Motor launches plug-in hybrid option in Mexico as EV race heats up
Date: April 21, 2023
MG Motor launches plug-in hybrid option in Mexico as EV race heats up By Kylie Madry MEXICO CITY (Reuters) – MG Motor is launching a plug-in hybrid SUV in Mexico, the carmaker said on Thursday, as the market for hybrid and electric vehicles in the Latin American country heats up despite a lack of infrastructure...
Marketmind: Purchasing managers of the world, diverge
Date: April 21, 2023
Marketmind: Purchasing managers of the world, diverge A look at the day ahead in European and global markets from Tom Westbrook A month-long risky-asset rally, in the absence of any further banks collapsing, seems to be running out of steam as economic data offers few excuses for confidence. Softening second-tier data in the U.S. on...
German govt to slightly raise 2023 GDP forecast – sources
Date: April 20, 2023
German govt to slightly raise 2023 GDP forecast – sources By Holger Hansen BERLIN (Reuters) -The German government is set to slightly raise its economic growth forecast for this year to 0.4% from its previously predicted 0.2%, two sources told Reuters on Thursday. For 2024, the government will slightly lower its prediction, to 1.6% from...
Siemens Energy signs 7-billion-eur offshore power deal with TenneT
Date: April 20, 2023
Siemens Energy signs 7-billion-eur offshore power deal with TenneT BERLIN (Reuters) – Siemens Energy has won contracts worth almost 7 billion euros ($7.68 billion) as part of a consortium with Spain’s Dragados Offshore to transport wind farm power to northern Germany, the German company announced on Thursday. Under the deal with Dutch electric grid company...