By Huw Jones LONDON (Reuters) – New York easily remains the world’s top financial centre, cementing its position for the past six years after it overtook London, in second place ever since[...]
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March 21, 2024
Analysis-Steady Fed outlook boosts stock market’s hopes for coveted ‘soft landing’
By Lewis Krauskopf, Davide Barbuscia and David Randall NEW YORK (Reuters) – A U.S. stock market perched at record highs received an encouraging message from the Federal Reserve, after the centra[...]
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Japan’s Isuzu Motors to produce EV pickup trucks in Thailand
BANGKOK (Reuters) – Japanese automaker Isuzu Motors plans to use Thailand as a production base for an electric version of its D-MAX pickup truck, with a plan to start exports next year, a Thai g[...]
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BMW targets steady 2024 margins as electric spending peaks
By Andrey Sychev and Nick Carey (Reuters) -BMW said on Thursday it was targeting 2024 automotive profit margins broadly in line with last year and expected a slight increase in car sales, as spending[...]
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Fed sees three rate cuts in 2024 but a more shallow easing path
By Howard Schneider and Ann Saphir WASHINGTON (Reuters) -Federal Reserve Chair Jerome Powell said on Wednesday recent high inflation readings had not changed the underlying “story” of slow[...]
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Reddit prices IPO at top of indicated range to raise $748 million
By Echo Wang and Anirban Sen (Reuters) -Social media platform Reddit priced its initial public offering at the top of its targeted range of $31 to $34 per share on Wednesday, raising $748 million and[...]
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EU new car sales rise 10.1% y/y in February, ACEA says
By Alessandro Parodi and Greta Rosen Fondahn (Reuters) – New car sales in the European Union rose 10.1% year-on-year in February, with the bloc’s main markets all recording solid growth, E[...]
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China central bank says it has room to cut bank reserve ratio further
By Kevin Yao BEIJING (Reuters) -China has room to further cut banks’ reserve requirement ratio (RRR), among other policy tools at its disposal, a deputy central bank head said on Thursday, under[...]
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US DOJ to sue Apple for antitrust violations, Bloomberg News reports
By Ananya Mariam Rajesh (Reuters) -The U.S. Department of Justice (DOJ) is preparing to sue Apple as soon as Thursday for allegedly violating antitrust laws by blocking rivals from accessing hardware[...]
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