MUMBAI (Reuters) – India’s IIFL Finance plans to raise at least 1 billion rupees ($12.10 million) through public issue of non-convertible debentures, according to a product note. The issue[...]
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Darkest days likely over for euro zone factories, Dec PMIs show
LONDON (Reuters) – The downturn in euro zone manufacturing activity has likely passed its trough as supply chains begin to recover and inflationary pressures ease, a survey showed on Monday, lea[...]
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India’s factories ended 2022 on a strong note
By Vivek Mishra BENGALURU (Reuters) – India’s manufacturing industry ended 2022 on a solid footing as business conditions improved at the fastest rate in over two years while growth in new[...]
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Exclusive-Drugmakers to raise prices on at least 350 drugs in U.S. in January
By Michael Erman and Julie Steenhuysen NEW YORK (Reuters) – Drugmakers including Pfizer Inc, GlaxoSmithKline PLC, Bristol Myers Squibb, AstraZeneca PLC and Sanofi SA plan to raise prices in the[...]
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Wall St ends 2022 with biggest annual drop since 2008
By Echo Wang (Reuters) – U.S. stocks closed out 2022 lower on Friday, capping a year of sharp losses driven by aggressive interest rate hikes to curb inflation, recession fears, the Russia-Ukrai[...]
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Pentagon awards $7.8 billion F-35 contract modification to Lockheed Martin
WASHINGTON (Reuters) -The U.S. Defense Department said on Friday it had awarded a $7.8 billion contract modification for F-35 aircraft to Lockheed Martin Corp. “This modification adds scope to p[...]
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Bankman-Fried set to enter not guilty plea in FTX fraud case -source
By Jack Queen NEW YORK (Reuters) -Sam Bankman-Fried is expected on Tuesday to enter a plea of not guilty to criminal charges that he cheated investors and looted billions of dollars at his now-bankrup[...]
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Inflation, recession and earnings among factors to drive U.S. stocks in 2023
By Lewis Krauskopf NEW YORK (Reuters) – U.S. stock investors could not be more eager to turn the page on 2022, a brutal year that lopped about $8 trillion in market capitalization from the S[...]
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Petrobras’ next CEO seen overseeing strategic shift with renewables focus
By Marta Nogueira, Rodrigo Viga Gaier and Maria Carolina Marcello RIO DE JANEIRO/BRASILIA (Reuters) – The nomination of a Brazilian senator and longtime energy consultant to lead Petrobras sugge[...]
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