By Richa Naidu LONDON (Reuters) -The near year-long infant formula shortage in the United States that prompted the intervention of the White House is likely to “persist” until spring, acco[...]
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December 2, 2022
Galaxy wins bid for collapsed crypto lender Celsius’ GK8 unit
(Reuters) – Galaxy Digital Holdings Ltd will buy crypto lender Celsius Network LLC-owned digital asset custody platform GK8, the crypto financial services company said on Friday. The purchase fo[...]
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Factbox-Global banks take axe to jobs as cost pressures mount
LONDON (Reuters) – Banks typically trim jobs towards the end of the year, but 2022 has seen a bigger wave of redundancies and layoffs. Rising cost pressures as a result of inflation and shrinkin[...]
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Italy says will hit all 2022 targets for EU post-pandemic funds
ROME (Reuters) -Italy is confident of achieving all the targets required of it this year to obtain financing from the European Union’s post-pandemic recovery fund, Economy Minister Giancarlo Gio[...]
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Canada’s November jobless rate unexpectedly falls ahead of rate decision
OTTAWA (Reuters) – The Canadian economy added jobs in November and the unemployment rate beat forecasts as fewer people looked for work, official data showed on Friday, evidence that jobs market[...]
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Brazil’s central bank to keep rates steady, stress fiscal concerns: Reuters poll
By Gabriel Burin BUENOS AIRES (Reuters) – Brazil’s central bank is set to keep its benchmark interest rate at a cycle-high of 13.75% next week, stressing heightened worries over new govern[...]
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Brazil industrial output rises in October but near-term outlook remains cloudy
SAO PAULO (Reuters) – Industrial production in Brazil rose 0.3% in October from September, government statistics agency IBGE said on Friday, returning to positive territory after two consecutive[...]
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U.S. equity funds register biggest weekly outflow in over five weeks
(Reuters) – U.S. equity funds logged big outflows in the week to November 30 as investors booked profit after concerns over economic growth resurfaced due to protests in major Chinese cities aga[...]
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Evergrande’s EV unit suspends mass production due to lack of orders -sources
SHANGHAI (Reuters) -China Evergrande Group’s electric vehicle unit has suspended mass production of its only model due to a lack of new orders, two people with knowledge of the matter said, in t[...]
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