By Jan Schwartz HAMBURG (Reuters) -Volkswagen on Wednesday agreed a two-year wage deal for workers at its western German factories, offering around 8.5% more pay, which was below inflation but above w[...]
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November 23, 2022
China’s Fosun seeks to sell stake in Alibaba’s logistics arm Cainiao- sources
By Julie Zhu and Kane Wu HONG KONG (Reuters) – Debt-laden Chinese conglomerate Fosun International is seeking to offload a minority stake in Alibaba Group’s logistics arm Cainiao, in a dea[...]
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IMF urges China to boost COVID vaccinations, restore property sector confidence
By David Lawder WASHINGTON (Reuters) – The International Monetary Fund urged China on Wednesday to boost COVID-19 vaccination rates and give more robust support to its troubled property sector t[...]
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Putin promises further efforts to unblock more Russian fertiliser exports
MOSCOW (Reuters) – President Vladimir Putin said on Wednesday Russian officials would work to unblock Russian fertilisers stuck in European ports and to resume ammonia exports via a pipeline thr[...]
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Singapore core inflation eases for first time in eight months
By Chen Lin SINGAPORE (Reuters) -Singapore’s key consumer price gauge rose 5.1% in October, slightly less than forecast and marking the first easing in eight months, official data showed on Wedn[...]
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Russian rouble firms ahead of three OFZ bond auctions
MOSCOW (Reuters) – The Russian rouble strengthened on Wednesday ahead of three OFZ treasury bond auctions by the finance ministry, as the market awaited information on a price cap on Russian oil[...]
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Bundesbank warns banks against ‘careless’ payout pledges as economy cools
By Francesco Canepa and Frank Siebelt FRANKFURT (Reuters) – German banks should avoid making multi-year promises to their shareholders despite bumper profits this year as the outlook for the eco[...]
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Analysis-Investors warm to European corporate bonds after a brutal year
By Harry Robertson LONDON (Reuters) – Investors are moving back into the European corporate bond market after one of the most brutal years in history, lured by juicy yields and hopes that centra[...]
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South Korea looks to spur exports to overcome slump
By Choonsik Yoo SEOUL (Reuters) – South Korean President Yoon Suk-yeol said on Wednesday the government would aid companies with the promotion of exports to key regions like Southeast Asia to co[...]
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