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Fed delivers another big rate hike; Powell vows to ‘keep at it’
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Analysis-Europe says goodbye to negative rates – or just ‘au revoir’?
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French President Macron reaffirms that pensions system reform is necessary
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Strong nighttime earthquake jolts sleeping Mexicans, at least one death reported
Renault to reach its goal on integrated electric vehicles chain before 2030 -CEO
Date: September 22, 2022
PARIS (Reuters) – French carmaker Renault will reach its target of having an 80% integrated electric vehicle (EV) chain before its initial date of 2030, said Renault chief executive Luca de Meo. De Meo added that collaboration remained a key aspect regarding thermal engines vehicles. Renault upgraded its full-year outlook in July, saying that its...
UK to examine cloud services dominated by Amazon, Microsoft and Google
Date: September 22, 2022
LONDON (Reuters) -Britain said it would investigate competition in cloud services, a market dominated by the “hyperscalers” Amazon, Microsoft and Alphabet’s Google , which together account for around 81% of revenue. Communications regulator Ofcom also said on Thursday it would examine other digital markets over the next year, including messaging services such as WhatsApp, FaceTime...
Exclusive-HSBC fund arm toughens thermal coal policy to curb climate change
Date: September 22, 2022
By Simon Jessop and Sinead Cruise LONDON (Reuters) – HSBC Holdings Plc told Reuters on Thursday it will stop financing the expansion of thermal coal from funds it manages actively with immediate effect, marking an acceleration of a broader commitment it made last year. Thermal coal, a cheap energy source used widely across Asian markets...
Czech central bank vice-gov unlikely to vote for rate cut newspaper
Date: September 22, 2022
PRAGUE (Reuters) – Czech National Bank Vice-Governor Eva Zamrazilova is not likely to vote for a rate cut this year as she expects little chance of inflation slowing in a sufficient way, local media quoted Zamrazilova as saying on Wednesday. The central bank kept its main interest rate unchanged at 7.00% in August, after hiking...
Australia mourns Queen Elizabeth from home of ‘world’s oldest continuous culture’
Date: September 22, 2022
SYDNEY (Reuters) -Australia held a National Day of Mourning for Queen Elizabeth II on Thursday, with Prime Minister Anthony Albanese saying the greatest tribute the nation could offer was not a statue but “a renewed embrace of service to the community”. With the day declared a national holiday, a memorial ceremony attended by 600 dignitaries...
Banks close painful Citrix debt chapter with $700 million loss -source
Date: September 22, 2022
By Abigail Summerville and Matt Tracy (Reuters) – Wall Street banks completed the sale of $8.55 billion in loans and bonds backing the leveraged buyout of business software company Citrix Systems Inc by accepting a $700 million loss, a person familiar with the matter said on Wednesday. The process emerged as a key test of...