By Arathy Somasekhar HOUSTON (Reuters) – Prices for heavier crude oil along the U.S. Gulf Coast have climbed in recent weeks, trading at a rare near-par with lighter oil, a sign of supply tightn[...]
Read more
April 9, 2024
China’s March new yuan loans seen rebounding, more stimulus expected – Reuters poll
BEIJING (Reuters) – China’s new yuan loans are expected to rebound in March from a sharp drop in February, a Reuters poll showed, as the central bank seeks to bolster economic growth amid[...]
Read more
Porsche partners with ClearMotion for its smooth suspension tech
By Nick Carey LONDON (Reuters) – German luxury automaker Porsche has partnered with ClearMotion to validate the U.S. startup’s active suspension technology and road-reading software and ha[...]
Read more
HKMA CEO says Hong Kong considering ‘deepening’ some connect schemes with China
By Julie Zhu HONG KONG (Reuters) -Hong Kong Monetary Authority (HKMA) is considering deepening some investment connection schemes between the city and mainland China, CEO Eddie Yue said on Tuesday. Yu[...]
Read more
EssilorLuxottica buys Japan’s Washin to expand its retail presence
MILAN (Reuters) -Eyewear maker EssilorLuxottica said on Tuesday it had completed the acquisition of Washin Optical Co., a Japanese optical retail with around 70 direct stores in the country. “Wh[...]
Read more
Ascend Elements, Elemental Strategic Metals form European EV battery recycling venture
By Nick Carey LONDON (Reuters) – U.S. firm Ascend Elements and Poland’s Elemental Strategic Metals have formed a joint venture to recycle electric vehicle batteries, with their first Polis[...]
Read more
NY Fed finds mixed outlook for inflation expectations in March
By Michael S. Derby (Reuters) -Americans’ outlook for inflation was mixed last month amid expectations for bigger price rises across a range of key goods and services, while worries about missing debt[...]
Read more
BOJ’s Ueda signals scope to reduce monetary stimulus
By Leika Kihara TOKYO (Reuters) -Bank of Japan Governor Kazuo Ueda said the central bank must consider whittling down stimulus further if inflation continues to accelerate, signalling the chance of an[...]
Read more
Euro zone banks lower bar on mortgages but demand keeps falling – ECB
FRANKFURT (Reuters) – Euro zone banks lowered the bar on mortgage approvals last quarter for the first time in over two years but demand for credit kept falling amid high borrowing costs and a s[...]
Read more