By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Chair Jerome Powell said Wednesday that officials have not yet made a call on the size of the rate increase they are almost certain to de[...]
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March 8, 2023
Euro zone economic growth trimmed to zero q/q at end of 2022
BRUSSELS (Reuters) – The euro zone failed to register any growth quarter-on-quarter in the final three months of 2022, European statistics agency said on Tuesday, slightly revising down both its[...]
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Cathay looks to rebuild after ‘brutal’ pandemic losses
By Anne Marie Roantree and Donny Kwok HONG KONG (Reuters) -Cathay Pacific Airways Ltd is ready to rebuild the airline and Hong Kong’s hub status as it emerges from the pandemic, the carrier’s chief ex[...]
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Boeing close to finalising 737 Max deal with Japan Airlines- Bloomberg
(Reuters) – Boeing Co is close to sealing an order from Japan Airlines Co for at least 20 of its 737 Max planes, Bloomberg News reported on Wednesday, citing sources. The order will likely be a[...]
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Volkswagen pauses on Europe battery plants, awaits EU response to IRA
By Jan Schwartz HAMBURG (Reuters) -Volkswagen is waiting to hear what Europe’s response to the U.S. Inflation Reduction Act will be before progressing with plans to build further battery plants[...]
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Dollar hits 3-mth high as Powell flags higher rates
By Tom Westbrook and Samuel Indyk LONDON (Reuters) – The dollar scaled multi-month highs against most other major currencies on Wednesday, after Federal Reserve Chair Jerome Powell warned that U[...]
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India’s Adani Group pre-pays over $900 million worth share-backed financing (March 7)
((This March 7 story has been corrected to clarify lenders will release pledged shares, not promoters, in paragraphs 4 and 5) ) BENGALURU (Reuters) – Embattled Indian conglomerate Adani Group sa[...]
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China’s Jan-Feb passenger cars sales down 20% – CPCA
SHANGHAI/BEIJING (Reuters) -China’s passenger vehicle sales fell 20% in the first two months of this year, industry data showed on Wednesday, underscoring weak demand in the world’s bigges[...]
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Continental predicts higher margins, selling Russia operations
BERLIN (Reuters) -Germany auto parts maker Continental predicted rising sales would boost margins this year, as it moves beyond supply chain disruption and Russian asset impairments that in 2022 contr[...]
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