By Michael S. Derby and Howard Schneider (Reuters) – Two Federal Reserve officials said on Thursday the U.S. central bank likely should have lifted interest rates more than it did early this mon[...]
Read more
February 16, 2023
Renault CEO: Ampere unit start timing is “ideally” by end of 2023
PARIS (Reuters) – Renault’s preparation efforts for carving-out its combustion engine unit are going “smoothly” and should be completed by the summer, Chief Executive Luca de M[...]
Read more
Virgin wins $160 million in trademark dispute with Alaska Airlines
By Sam Tobin LONDON (Reuters) – Virgin Group won its trademark case against Alaska Airlines Inc for approximately $160 million on Thursday, with a judge in London ruling that it is entitled to r[...]
Read more
Exclusive-World Bank may loosen loan ratio to free up $4 billion a year
By Andrea Shalal WASHINGTON (Reuters) – The World Bank, under pressure to do more to help developing countries cope with climate change, may change its internal lending guidelines to free up $4[...]
Read more
Judge on Bankman-Fried: ‘Why am I being asked to turn him loose?’
By Luc Cohen NEW YORK (Reuters) -A U.S. judge intimated on Thursday that Sam Bankman-Fried might deserve to be jailed pending trial after prosecutors suggested that the indicted FTX co-founder might h[...]
Read more
Australia’s Westpac posts lower CET1 ratio as provisions rise
(Reuters) – Westpac Banking Corp said on Friday its common equity tier-1 ratio in the first quarter fell sequentially as the lender increased provisions for bad debts. The bank did not disclose[...]
Read more
ECB says rate hikes have yet to be felt, even as more loom
By Marc Jones LONDON (Reuters) – The European Central Bank’s sharp increase in borrowing costs has yet to be fully felt by the economy, two top European Central Bank policymakers said on T[...]
Read more
China sanctions Lockheed Martin, Raytheon over Taiwan arms sales
BEIJING (Reuters) -China on Thursday put Lockheed Martin and a unit of Raytheon Technologies on an “unreliable entities list” over arms sales to Taiwan, banning them from imports and expor[...]
Read more
Mercedes-Benz to buy back up to 4 billion euros in shares by 2025
BERLIN (Reuters) -Mercedes Benz said on Thursday it plans to buy back up to 4 billion euros ($4.28 billion) of its shares over two years from March 2023, in a move welcomed by analysts ahead of the ca[...]
Read more