BERLIN (Reuters) – Germany’s economic downturn deepened in October, the flash S&P Global composite purchasing managers’ index showed on Monday…
French court approves Credit Suisse 238 million euro settlement agreement in tax case
PARIS (Reuters) – A French court approved an agreement between Credit Suisse Group and the French financial prosecution office to…
Goldman Sachs launches Chinese infrastructure real estate joint venture
By Selena Li HONG KONG (Reuters) – Goldman Sachs has launched a joint venture in China with local logistics company…
China’s diesel fuel exports more than doubled in September
By Dominique Patton and Chen Aizhu (Reuters) – China’s diesel exports in September surged to their highest in more than…
S.Korea’s POSCO Holdings sees steel demand remaining weak; Q3 profit tumbles
By Joyce Lee and Heekyong Yang SEOUL (Reuters) -South Korea’s POSCO Holdings on Monday forecast weak steel demand would persist…
Rouble steadies near 61 vs dollar with upcoming rate decision in focus
MOSCOW (Reuters) – The Russian rouble stabilised on Monday, supported by a favourable month-end tax period and the prospect of…
China Q3 GDP growth tops forecasts but meaningful rebound elusive
By Ryan Woo and Ellen Zhang BEIJING (Reuters) – China’s economy rebounded at a faster-than-anticipated clip in the third quarter,…
World Bank sees Western Balkans economy growing 3.4% in’22, 2.8% in ’23
SARAJEVO (Reuters) – The World Bank on Monday rose its 2022 forecast of economic growth for six countries of the…
Philips to cut 5% of workforce as new CEO acts to counter falling sales
By Toby Sterling and Bart H. Meijer AMSTERDAM (Reuters) -Philips’ new CEO announced plans on Monday to cut around 4,000…
Analysis-Will they or won’t they? Japan uses guessing game to shore up yen
By Leika Kihara and Tetsushi Kajimoto TOKYO (Reuters) – Japanese authorities are relying heavily on psychological tactics to fight yen…