By Balazs Koranyi and Francesco Canepa FRANKFURT (Reuters) -The European Central Bank must raise interest rates high enough to dampen growth as it fights sky-high inflation and it could soon start run[...]
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Economy
ECB must raise rates decisively; let bonds expire from start of 2023, Nagel says
FRANKFURT (Reuters) – The European Central Bank must continue to raise interest rates decisively and should start letting its oversized holding of government debt expire from the start of 2023,[...]
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Ford executive says South Africa needs EV policy within six months
By Promit Mukherjee JOHANNESBURG (Reuters) -The Africa head of Ford Motor Co said the South African government must deliver policy certainty on electric vehicles (EVs) within six months to save its au[...]
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As recession bites, Tesco offers UK staff pay advance
By James Davey and Sarah Young LONDON (Reuters) – Tesco, one of Britain’s largest private-sector employers, is offering its staff advances on their pay in the latest sign of the distress a[...]
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ECB begins great cash mop-up as banks repay 296 billion euros of loans
By Francesco Canepa FRANKFURT (Reuters) -Euro zone banks are set to repay nearly 300 billion euros ($310 billion) in loans to the European Central Bank next week, the ECB said on Friday, the biggest c[...]
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Dassault, Airbus reach deal to move to next phase of FCAS warplane project – French govt source
PARIS (Reuters) – Airbus and Dassault have found a deal to move to the next phase of the FCAS Franco-German warplane project, a French government source said on Friday. “That’s what[...]
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Marketmind: Cat, mouse and 5%
A look at the day ahead in U.S. and global markets from Mike Dolan. The cat-and-mouse game between the Fed and financial markets has intensified around 5% peak interest rates next year as next week[...]
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Early Black Friday ‘deals’ abound, but actual bargains are scarce
By Jessica DiNapoli and Arriana McLymore NEW YORK (Reuters) – Retailers such as Target Corp and Kohls Corp are slashing prices by as much as 50% on toys and other popular holiday gifts in early[...]
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France’s EDF, Credit Agricole sign 1 billion euro nuclear loan
LONDON (Reuters) – EDF and Credit Agricole said on Friday they had signed a 1 billion euro ($1.04 billion) loan to finance the maintenance of nuclear power plants in France. The loan is part of[...]
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