By Fergal Smith TORONTO (Reuters) – Greater Toronto area home sales fell in March for a second straight month, while prices increased, keeping a housing market recovery in check at a time of his[...]
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April 3, 2024
U.S. Steel union rejects Nippon Steel’s appeal for takeover support
(Reuters) -The union representing employees of United States Steel on Tuesday said it would not support Japanese firm Nippon Steel’s draft agreement to gain support for its takeover of the U.S.[...]
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OPEC+ unlikely to change output policy at panel meeting
By Alex Lawler, Ahmad Ghaddar and Maha El Dahan LONDON (Reuters) – An OPEC+ ministerial panel is unlikely to recommend any oil output policy changes at a meeting later on Wednesday, three OPEC+[...]
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China’s Zeekr renews plans to raise up to $500 million in U.S. IPO, sources say
By Scott Murdoch and Julie Zhu SYDNEY (Reuters) – Zeekr, the premium electric vehicle (EV) brand of Chinese automaker Geely , has restarted stalled plans to raise up to $500 million in a New Yor[...]
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Japan’s economy recovers to full capacity, keeps alive BOJ rate hike prospects
By Leika Kihara TOKYO (Reuters) – Japan’s economic output recovered to full capacity for the first time in about four years in the October-December quarter, a positive sign that may allow[...]
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Intel discloses $7 billion operating loss for chip-making unit
By Stephen Nellis and Max A. Cherney (Reuters) – Intel on Tuesday disclosed deepening operating losses for its foundry business, a blow to the chipmaker as it tries to regain a technology lead i[...]
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Analysis-Europe’s restless farmers are forcing policymakers to act
By Kate Abnett BRUSSELS (Reuters) – European policymakers have scaled back rules to protect nature, drawn up limits on the import of tariff-free Ukrainian grains and scrapped new legislation lim[...]
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ECB’s Holzmann warming to June rate cut but keeping an eye on Fed
By Francois Murphy and Balazs Koranyi VIENNA (Reuters) – The European Central Bank could start cutting interest rates in June as inflation may fall quicker than expected but should not get too f[...]
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ECB needs to stop subsidizing banks, Holzmann says
By Balazs Koranyi and Francois Murphy VIENNA (Reuters) – The European Central Bank needs to stop subsidizing commercial banks and should cut interest payments on the piles of cash lenders got fr[...]
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