By Jorgelina do Rosario LONDON (Reuters) -China’s pledge to support Sri Lanka’s debt reorganization, a major step for the island nation in securing an IMF lifeline, provides little clarity[...]
Read more
March 9, 2023
Japan’s economy barely grew in Q4, weak consumption raises policy challenge
By Kantaro Komiya and Eimi Yamamitsu TOKYO (Reuters) – Japan’s economy narrowly averted a recession in the final months of 2022, barely growing on frail consumption after shrinking in the[...]
Read more
Analysis-China’s financial regulatory revamp raises hope, some concern over control
By Xie Yu, Selena Li and Carolina Mandl HONG KONG/NEW YORK (Reuters) – A new Chinese financial watchdog will help bridge regulatory gaps but analysts and investors say the agency will consolidat[...]
Read more
Citigroup to recalibrate investment banking workforce as required- Bloomberg News
(Reuters) -Citigroup Inc’s chief financial officer Mark Mason said that the lender would adjust its investment banking headcount as necessary, Bloomberg News reported on Wednesday. Citigroup, wh[...]
Read more
US, EU to launch talks on free-trade-like status, easing EV trade dispute -sources
By Andrea Shalal and David Shepardson WASHINGTON (Reuters) -U.S. President Joe Biden and European Commission President Ursula von der Leyen are expected to agree on Friday to begin negotiations on ens[...]
Read more
Opko Health shares rise on Merck deal for experimental Epstein-Barr vaccine
(Reuters) -Opko Health Inc said on Wednesday it signed a deal with Merck & Co Inc potentially worth up to $922.5 million for its experimental Epstein-Barr virus vaccine. Shares of Opko rose as muc[...]
Read more
PwC hit with $8.9 million penalty for ‘serious breaches’ on Babcock audits
By Iain Withers LONDON (Reuters) -Britain’s auditing watchdog has imposed a 7.5 million pound ($8.9 million) penalty on PwC for “serious breaches” found in audits of engineer Babcock[...]
Read more
Factbox-Biden budget to target U.S. fossil fuel subsidies
U.S. President Joe Biden will propose a budget that would scrap oil and gas industry subsidies, according to a document seen by Reuters, reviving a perennial debate about whether fossil fuel companies[...]
Read more
Analysis-Biden’s focus on deficit in budget is targeted at Republicans
By Trevor Hunnicutt WASHINGTON (Reuters) -When U.S. President Joe Biden rolls out his budget plans at a Philadelphia union hall on Thursday, he will highlight something that merited little mention dur[...]
Read more