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Dollar falls after Fed raises rates, forecasts future hike
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Oil up 2% as dollar weakens on small US Fed rate hike
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Fed in spotlight with US focus on stability, First Republic
impact.com Appoints New Chief People Officer to Lead People Growth and Excellence
Date: March 22, 2023
Michelle Denman brings over 30 years of world-class employee success expertise to the partnership management technology leader as the company aims to further grow and establish its culture of excellence impact.com, the world’s leading partnership management platform, today announces the appointment of Michelle Denman as Chief People Officer (CPO). Denman brings more than three decades...
Stellantis to invest 130 million euros in German plant for new Opel electric car
Date: March 22, 2023
MILAN (Reuters) – Carmaker Stellantis said on Wednesday it would invest 130 million euros ($140 million) in its Eisenach assembly plant in Germany to produce a new battery electric vehicle (BEV) there from the second half of next year. The new BEV vehicle will be the successor to the Opel Grandland compact SUV currently produced...
Crop merchant Louis Dreyfus gets profit boost in volatile year
Date: March 22, 2023
By Gus Trompiz PARIS (Reuters) -Louis Dreyfus Company (LDC) on Wednesday reported a 44% jump in 2022 net profit, joining other global crop merchants in capturing high prices and strong demand in a volatile year marked by Russia’s invasion of fellow grain exporter Ukraine. LDC, whose rivals include ADM, Bunge and Cargill, reported a group...
Banking turmoil will not have knock-on effect on commodities -Trafigura CFO
Date: March 22, 2023
By Julia Payne LAUSANNE, Switzerland (Reuters) -The recent rout in bank shares will not have a knock-on effect on commodities, global trading firm Trafigura’s chief financial officer Christophe Salmon told the Financial Times Commodities Global Summit on Wednesday. “On banks’ appetite for trading firms, let’s not forget trading firms give banks a lot of business...
Britain’s Superdry sells Asia Pacific IP for $50 million
Date: March 22, 2023
LONDON (Reuters) – Struggling British fashion brand Superdry has sold its intellectual property assets in much of the Asia Pacific region to South Korea’s Cowell Fashion Company for $50 million, giving it a much-needed cash boost. The deal means Cowell will own and use the Superdry brand in its home market before extending to other...
UK inflation rate unexpectedly rises to 10.4% in February
Date: March 22, 2023
By William Schomberg and David Milliken LONDON (Reuters) – British inflation unexpectedly rose to 10.4% in February, pushed up by higher food prices and pricier drinks in pubs and restaurants, official data showed on Wednesday, a day before the Bank of England announces its latest interest rate decision. Economists polled by Reuters had forecast that...