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Czech government slightly raises 2023 deficit target to $11.5 billion
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Swiss National Bank’s Maechler determined to bring down inflation
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Siemens automates design process for testing new chips with advanced packaging
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UK may fine TikTok $29 million for failing to protect children’s privacy
Depositions of Musk, Twitter’s Agrawal have been postponed -sources
Date: September 27, 2022
WILMINGTON, Del. (Reuters) – Monday’s depositions of Elon Musk and Twitter Inc’s Chief Executive Officer Parag Agrawal have been postponed and it was unclear when the interviews under oath would take place, sources familiar with the litigation told Reuters. (Reporting by Tom Hals in Wilmington, Delaware)...
UK PM Truss thanks Saudi Crown Prince for role in release of British detainees
Date: September 27, 2022
LONDON (Reuters) – Prime Minister Liz Truss has thanked Saudi Arabia’s Crown Prince Mohammed bin Salman for his “personal role” in securing the release of five British detainees held by Russia-backed forces in Ukraine last week, her office said on Monday. In a statement issued after Truss’ first call with the Saudi crown prince since...
BMW expects slight growth in 2023, cuts Germany gas intake by 15%
Date: September 26, 2022
BERLIN (Reuters) -BMW expects to reach the higher end of its 7-9% margin target for the cars business and sees slight sales growth in 2023, chief financial officer (CFO) Nicolas Peter said in a roundtable on Monday. Demand was recovering in China in the third quarter after lockdowns plagued the first half, the CFO said,...
Italian shares shine after election, broader Europe slips
Date: September 26, 2022
By Devik Jain and Amruta Khandekar (Reuters) -Shares in Italy outperformed European peers on Monday after the right-wing coalition led by Georgia Meloni overwhelmingly won the national election, while bourses elsewhere fell amid risk aversion following central bank tightening. The Europe-wide STOXX 600 index fell 0.4%, closing near December 2020 lows following a sharp sell-off...
Euro zone yields at multi-year highs, Italian bonds underperform
Date: September 26, 2022
By Stefano Rebaudo (Reuters) -Euro zone government bond yields jumped to multi-year highs amid expectations that central banks will keep tightening their monetary policy despite recession risks and a new sell-off in British gilts. Meanwhile, the spread between Italian and German yields widened after the rightist coalition won a clear majority in Sunday’s elections. Italian...
Bank of England says it “will not hesitate” to raise rates
Date: September 26, 2022
By David Milliken and Muvija M LONDON (Reuters) -Bank of England Governor Andrew Bailey said on Monday that the BoE “will not hesitate” to raise interest rates if needed to meet its 2% inflation target, and that it was watching financial markets “very closely” following sharp moves in asset prices. Sterling fell to a record...