WASHINGTON (Reuters) – If the Federal Reserve can bring inflation under control with unemployment remaining under 5% that would be…
BMW invests $1.7 billion to build electric vehicles in U.S
By David Shepardson SPARTANBURG, South Carolina (Reuters) -BMW AG said on Wednesday it will invest $1.7 billion to build electric…
Consumer giants are winners as shoppers swallow price hikes
By Richa Naidu, Jessica DiNapoli and John Revill ZURICH/LONDON (Reuters) – Nestle and Procter & Gamble, the world’s two biggest…
BMW chief warns against setting gas-powered phase-out date
By David Shepardson GREENVILLE, South Carolina (Reuters) – Setting a date to phase out gas-powered vehicles could remove “cheap cars”…
Canada promises industry it will respond to U.S. inflation act
By Ismail Shakil OTTAWA (Reuters) -Canada must strengthen its incentives meant to help industry scale up clean technologies after the…
Credit Suisse currency rigging claims go before U.S. jury
By Jody Godoy (Reuters) -A U.S. jury began deliberating on Wednesday at a civil trial where Credit Suisse Group AG…
African banks increasingly worried about funding costs, survey shows
By Marc Jones and Rachel Savage LONDON/JOHANNESBURG (Reuters) – Sub-Saharan African banks are increasingly worried about funding costs, an annual…
Czech central banker Dedek: rate stability is favorable now -magazine
PRAGUE (Reuters) – The Czech National Bank should keep interest rates unchanged at the moment as the mortgage market has…
IBM expects to exceed annual revenue target on resilient cloud momentum
By Chavi Mehta (Reuters) -IBM Corp beat quarterly earnings estimates on Wednesday and said it expects to exceed full-year revenue…
Freedom Holding Corp to cut ties with Russian business amid sanctions
MOSCOW (Reuters) – U.S.-listed Freedom Holding Corp, a financial services firm focused on East Europe and Central Asia, is to…