By Sergio Goncalves LISBON (Reuters) -The European Central Bank has already made a large part of the necessary rate hikes…
BoE Bailey says 75 basis points is not the new norm for rate hikes
LONDON (Reuters) – Bank of England Governor Andrew Bailey said the three-quarters-of-a-percentage point increase in interest rates announced by the…
Wealthy families are migrating to the U.S. South and UBS is following them
By Lananh Nguyen NEW YORK (Reuters) – UBS is reshuffling its U.S. wealth leadership to focus on southern states that…
U.S. labor market unwavering despite stiff interest rates hikes
By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits unexpectedly fell last week,…
Alcoa sent three letters to the LME requesting action on Russian metal
By Peter Hobson LONDON (Reuters) -United States-based aluminium producer Alcoa wrote to the London Metal Exchange (LME) three times in…
Kellogg raises annual forecasts on higher prices as margin pressure looms
(Reuters) -Kellogg Co raised its full-year sales and profit forecasts on Thursday as demand for pricier cereals and snacks stays…
Boeing’s first crewed Starliner spaceflight slips to April 2023
WASHINGTON (Reuters) – Boeing’s first Starliner capsule mission carrying humans has slipped from February to April 2023 as the company…
BMW plans direct sales of its cars, CFO tells newspaper
BERLIN (Reuters) – Buyers of a BMW should be able to order a car directly from the manufacturer in the…
Europe – the warning light flashing on carmakers’ dashboards
By Nick Carey (Reuters) – Carmakers BMW and Stellantis on Thursday expressed concerns about Europe’s economic outlook, joining a chorus…
Stellantis to refocus China strategy with Jeep, Maserati brands
By Giulio Piovaccari and Gilles Guillaume MILAN (Reuters) -Stellantis sees its future as a niche player in China though its…