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Economy

Canada’s inflation slows in January, making rate pause more likely

BY Reuters  • February 21, 2023February 21, 2023
By Ismail Shakil and Steve Scherer OTTAWA (Reuters) -Canada’s annual inflation rate eased more than expected in January to 5.9%, data showed on Tuesday, which should allow the Bank of Canada to[...]
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Economy Newsletter Updated

Maersk Nears Complete Russia Exit After Selling Logistics Sites

BY Reuters  • February 20, 2023February 20, 2023
COPENHAGEN (Reuters) -Shipping and logistics group A.P. Moller-Maersk has agreed to sell its two logistics sites in Russia to IG Finance Development Limited, it said on Monday, nearly marking the end[...]
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Business Economy Newsletter Updated

Judge tightens Sam Bankman-Fried’s bail, sets hearing

BY Reuters  • February 14, 2023February 14, 2023
By Abinaya V, Shubham Kalia and Jonathan Stempel NEW YORK (Reuters) -A federal judge on Tuesday ordered Sam Bankman-Fried not to use a virtual private network to access the internet, after prosecutors[...]
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Business Economy Newsletter Technology Updated US

‘Day of pain’: Wirecard boss denies charges in massive fraud trial

BY Reuters  • February 13, 2023February 13, 2023
By Jörn Poltz MUNICH (Reuters) -Wirecard’s former boss on Monday denied all wrongdoing over the collapse of the payments company as he took to the stand for the first time in Germany’s big[...]
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Asia Business Economy Europe Newsletter Politics Updated

UK Consumer Sentiment Jumps in January: Yougov/Cebr Survey

BY Reuters  • February 10, 2023February 10, 2023
LONDON (Reuters) -British households’ expectations for their personal finances over the next 12 months recorded a record jump in January as wholesale gas prices fell, according to a monthly surv[...]
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Business Economy Europe Newsletter UK Updated

PepsiCo says no more price hikes after better-than-expected quarterly results

BY Reuters  • February 9, 2023February 9, 2023
By Ananya Mariam Rajesh (Reuters) -PepsiCo Inc said on Thursday it will not raise prices of its sodas and snacks further after multiple rounds of price hikes last year helped the beverage giant post f[...]
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Business Economy Newsletter Updated

Stocks rise, dollar slips on Powell comments seen as dovish

BY Reuters  • February 7, 2023February 7, 2023
By Herbert Lash and Marc Jones NEW YORK/LONDON (Reuters) – Global equities rose and the dollar fell on Tuesday, reversing earlier moves, as the market perceived comments by the Federal Reserve c[...]
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Asia Australia Business Economy Europe Newsletter Top News Updated US

BOE and Treasury Think UK Is ‘Likely’ to Need Digital Currency – Telegraph

BY Reuters  • February 4, 2023February 5, 2023
LONDON (Reuters) -The Bank of England (BoE) and Britain’s finance ministry think the UK is likely to need to create a central bank digital currency (CBDC) later this decade, the Telegraph newspa[...]
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Business Economy Newsletter Top News

S&P cuts two Adani firms’ rating to negative from stable

BY Reuters  • February 3, 2023February 3, 2023
By Tanvi Mehta (Reuters) -Credit ratings agency S&P on Friday cut its rating outlook on Adani Ports and Special Economic Zone and Adani Electricity to negative from stable, while peer Moody’[...]
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Asia Business Economy Top News Updated US
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