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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Updated
Moody’s closing its consulting business in China, cutting staff -sources
HONG KONG (Reuters) -Moody’s Corp is shutting its China consulting business and is laying off people associated with the unit in multiple locations across the country, two people with knowledge[...]
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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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Cathay Pacific expects annual loss despite second-half improvement
(Reuters) -Hong Kong’s Cathay Pacific Airways Ltd on Friday forecast a “substantial” annual loss even though second-half results are expected to improve sequentially thanks to an upt[...]
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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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Japan’s inflation hits 40-year high as BOJ sticks to easy policy
By Tetsushi Kajimoto TOKYO (Reuters) – Japan’s core consumer inflation accelerated to a 40-year high in October, driven by currency weakness and imported cost pressures that the central ba[...]
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U.S. aims for zero-emissions heavy-duty vehicles by 2040
By David Shepardson WASHINGTON (Reuters) – The United States aims to only sell and produce zero-emissions medium- and heavy-duty vehicles like school buses and tractor trailers by 2040, the U.S.[...]
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Japanese electric motor maker Nidec to build $715 million Mexican plant
TOKYO (Reuters) -Japanese electric motor maker Nidec Corp is planning to invest about $715 million to build a plant in Mexico to make electric car motors, its chief executive said in an interview with[...]
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