TORONTO (Reuters) – Bank of Nova Scotia (Scotiabank) is eying North America’s booming $1.6 trillion trade with its renewed Mexico bet, a strategy that offers hope but brings risks that have seen many global lenders including Citigroup Inc. scaling back. […]
Scotiabank’s Mexico bet eyeing $1.6 trillion N.America trade is riddled with risks Read More »
By Howard Schneider WASHINGTON (Reuters) -The U.S. Federal Reserve started 2023 on a grim note, with staffers calling a recession “plausible,” and policymakers penciling in growth near stall speed and rising unemployment as the costs of quashing inflation with rapid-fire
Why the Fed’s dire predictions for 2023 didn’t come true Read More »
(Reuters) -The Federal Reserve is not precommiting to cutting interest rates soon and swiftly, and the jump in market expectations that it will do so is at odds with how the U.S. central bank functions, Chicago Fed President Austan Goolsbee
Goolsbee ‘confused’ by market reaction to Fed chief’s rate-cut remarks Read More »
DUBAI (Reuters) – Mounting attacks by the Iran-aligned Yemeni Houthi militant group on ships in the Red Sea are disrupting maritime trade as leading global freight firms reroute around the Cape of Good Hope to avoid the Suez canal. The
Red Sea attacks force rerouting of vessels, disrupting supply chains Read More »
By Supantha Mukherjee PARIS/STOCKHOLM (Reuters) – The European Union is investigating social media company X, formerly known as Twitter, over a suspected breach of obligations in its first probe under the Digital Services Act (DSA), it said on Monday. The
EU investigates Musk’s X in first DSA probe Read More »
(Reuters) – SunPower said on Monday it had substantial doubts on its ability to continue as a going concern, sending shares of the solar company down 25% in premarket trading on Monday. The company also said it breached the terms
SunPower shares slide after raising going concern doubts Read More »
By Shivansh Tiwary and Anirban Sen (Reuters) -Japan’s Nippon Steel clinched a deal on Monday to buy U.S. Steel for $14.9 billion in cash, prevailing in an auction for the 122-year-old iconic steelmaker over rivals including Cleveland-Cliffs and ArcellorMittal. The
Japan’s Nippon Steel to buy U.S. Steel in $14.9 billion deal Read More »
By Sruthi Shankar and Johann M Cherian (Reuters) -Wall Street’s main stock indexes were on track to open higher on Monday as investors awaited economic data later in the week that could offer insights on when the Federal Reserve could
Wall St on course for higher open, eyes on data Read More »
BEIJING (Reuters) -China’s economy is expected to see more favourable conditions and more opportunities than challenges in 2024, state media said citing officials of the Chinese Communist Party’s finance and economy office. Macroeconomic policies will continue to provide support for
China’s economic conditions to improve in 2024 – officials Read More »
(Reuters) -Adobe on Monday shelved its $20 billion cash-and-stock deal for cloud-based designer platform Figma, pointing to “no clear path” for approvals from antitrust regulators in the European Union and the UK. The deal, which was announced in September last
Adobe, Figma to terminate $20 billion deal over regulatory hurdles Read More »
