Top Stories
Top Stories
Germany’s Bosch to increase stake in Sweden’s Husqvarna to 12%
Top Stories
India’s Tata Motors surges 8% on first quarterly profit in 2 years
Top Stories
Hong Kong home prices drop 15.6% in 2022, snap 13 years of gain
Top Stories
Visa revenue growth slows more as tough economy sobers spending
FDA advisers back the same COVID vaccine for initial shots, boosters
Date: January 27, 2023
By Michael Erman and Leroy Leo (Reuters) -Advisers to the U.S. Food and Drug Administration on Thursday unanimously voted in favor of targeting the same coronavirus strain for initial COVID-19 vaccine doses and boosters going forward, but some expressed skepticism about whether all Americans need to receive the shots annually. The agency is trying to...
Stocks, dollar gain on soft landing hopes
Date: January 27, 2023
By Herbert Lash NEW YORK (Reuters) -Global stock markets rallied and the dollar strengthened on Thursday after a slew of data showed a strong U.S. economy that is decelerating with slowing inflation, giving credence to the Federal Reserve’s desire to engineer a soft landing. Gross domestic product increased at a faster-than-expected 2.9% annual rate in...
Bank of England set to hike to 4% as rate peak looms
Date: January 26, 2023
By David Milliken LONDON (Reuters) – The Bank of England looks on course to raise its main interest rate by half a percentage point to 4% on Feb. 2, but economists will be looking keenly for signals that this 10th consecutive rate rise will be one of the BoE’s last. The BoE was the first...
Hopes of slowdown in rate hikes bolster shares ahead of U.S. GDP
Date: January 26, 2023
By Huw Jones LONDON (Reuters) – Stocks firmed on Thursday as investors bet that central banks meeting next week will signal a slowdown or even a pause in interest rate hikes for later in the year to make recession less likely and ease pressure on corporate earnings. Oil prices were steady after U.S. crude stocks...
Public Power Corp, RWE to build five solar farms in Greece
Date: January 26, 2023
(Reuters) – Greece’s biggest power utility Public Power Corp. (PPC) and Germany’s RWE have taken a final investment decision to build five solar farms in Greece, the two companies said on Thursday. The farms will cost 180 million euros ($196 million) and have a total capacity of about 200 megawatts (MW). They are expected to...
German inflation rate to ease over course of 2023 – econ minister
Date: January 26, 2023
BERLIN (Reuters) – German inflation will remain high at the beginning of 2023 before easing over the course of the year, Economy Minister Robert Habeck said on Thursday. “We have broken the inflation trend,” Habeck said in his address to the Bundestag regarding the annual economic report. Inflation is seen at 6% in 2023, as...