Author Archives: Syndicated Content
Euro zone to avoid recession, growth to accelerate in Q3 – ECB survey
FRANKFURT (Reuters) - The euro zone will avoid a recession this year and growth will accelerate noticeably after bottoming out in the second quarter, a key European Central Bank survey showed on Monda...
Jun 13, 2022
German economy minister welcomes move to higher interest rates
BERLIN (Reuters) - German Economy Minister Robert Habeck on Monday welcomed the European Central Bank's indication last week that it would deliver next month its first interest rate hike since 2011. "...
Jun 13, 2022
Valneva shares plunge after drugmaker warns over its COVID-19 vaccine’s prospects
PARIS (Reuters) - Valneva shares on Monday dropped by around 20% after the French drugmaker warned over prospects for its COVID-19 vaccine. Valneva said last week it had proposed a remediation plan af...
Jun 13, 2022
‘Compelled by circumstances’: some banks forecast 75bp Fed hike
SINGAPORE (Reuters) - Investment banks have ramped up projections for U.S. interest rate rises following a hotter-than-expected inflation reading, with several now forecasting a 75-basis-point hike th...
Jun 13, 2022
LG Energy Solution to invest $568 million in South Korean factories
SEOUL (Reuters) -LG Energy Solution said on Monday it will invest 730 billion won ($567.76 million) to expand its production capacity at its Ochang production site in South Korea. The South Korean bat...
Jun 13, 2022
Tennis-ATP to make call on 2022 China events within a month, says Gaudenzi
By Sudipto Ganguly MUMBAI (Reuters) - The prospects of the Shanghai Masters and three other men's tournaments taking place in China this year look bleak unless there is a rapid improvement in the COVI...
Jun 13, 2022
Britain urges EU to change post-Brexit trade rules with N.Ireland
LONDON (Reuters) - British foreign minister Liz Truss told the European Union's Maros Sefcovic on Monday the bloc must be willing to change post-Brexit rules governing trade with Northern Ireland, rep...
Jun 13, 2022
India tribunal rejects Amazon appeal against suspension of deal with Future
MUMBAI (Reuters) - An Indian appeals tribunal on Monday rejected Amazon.com Inc's appeal against an antitrust suspension of its $200 million investment deal with Future Group, saying the U.S. company ...
Jun 13, 2022
Thailand approves $1 billion Foxconn-PTT EV battery JV
BANGKOK (Reuters) - Thailand's investment agency on Monday approved a joint venture worth 36.1 billion baht ($1.04 billion) between Taiwan's Foxconn and Thailand's PTT to produce batteries for electri...
Jun 13, 2022
Algeria is increasingly aligned with Russia, Spanish Economy Minister says
MADRID (Reuters) - Algeria's decision to suspend a bilateral friendship treaty with Spain last week was not surprising because the country is increasingly aligning itself with Russia, Spanish Economy ...
Jun 13, 2022
