SHANGHAI (Reuters) – China’s yuan exchange rate is decided by market supply and demand, while its long-term strengthening trend will…
SoftBank reports Q2 profit but announces more Vision Fund pain with FTX writedown
By Kiyoshi Takenaka TOKYO (Reuters) -Japan’s SoftBank Group Corp reported its first quarterly profit in three quarters, buoyed by paring…
ITA Airways to expand fleet with 39 new aircraft in 2023
ROME (Reuters) – ITA Airways will next year refresh its fleet with 39 new aircraft, allowing it to serve more…
UK economy shrinks at start of feared long recession
By William Schomberg and David Milliken LONDON (Reuters) -Britain’s economy shrank in the three months to September at the start…
Bank of Spain urges lenders to preserve capital as risks mount
By Jesús Aguado MADRID (Reuters) -Spanish banks need to preserve capital and keep a lid on mortgage loan costs to…
India’s Sept industrial output rose 3.1% y/y – govt
NEW DELHI (Reuters) – India’s annual industrial output rose 3.1% year-on-year in September, government data showed on Friday. Analysts polled…
Money leaves US equity funds for first time in four weeks
(Reuters) – U.S. equity funds saw money outflows for the first time in four weeks in the week to Nov.…
Mexico Sep industrial production falls 0.2 pct vs Aug
MEXICO CITY, Nov 11 (Reuters) – Mexican industrial output fell 0.2 percent in September from August and was 3.9 percent…
BoE will need to raise rates to 4.75% to bring down inflation – NIESR
LONDON (Reuters) – The Bank of England will probably need to raise interest rates to 4.75% in order to bring…
Pfizer’s India arm posts profit jump on lower costs, price hikes
BENGALURU – Pfizer Ltd, the Indian arm of U.S. pharma giant Pfizer Inc, reported a rise in second-quarter profit on…