Factbox-Companies sell their businesses in Russia

Reuters | August 25, 2023

(Reuters) – Some Western companies have agreed to sell their Russian assets or hand them over to local managers as they take action to comply with sanctions over the Ukraine conflict and respond to threats from the Kremlin that foreign-owned assets may be seized. Below are some of the companies by sector that have secured […]

Court rules against Uber in major win for California workers

Reuters | July 18, 2023

By Daniel Wiessner (Reuters) – Uber Technologies Inc must face a California lawsuit claiming it should have covered UberEats drivers’ work-related expenses, the state’s top court said on Monday, in what could be a major blow to companies in the largest U.S. state and a win for labor advocates. The California Supreme Court in a […]

Dollar gains after steep losses, but downtrend stays intact

Reuters | July 14, 2023

By Gertrude Chavez-Dreyfuss and Joice Alves NEW YORK/LONDON (Reuters) – The U.S. dollar bounced on Friday after falling sharply the last few days, as investors consolidated losses ahead of the weekend, but its trajectory remained tilted to the downside with the Federal Reserve thought near the end of its rate hike cycle amid softening inflation. […]

Bank of England stress test finds top 8 UK banks have enough capital

Reuters | July 12, 2023

By Huw Jones LONDON (Reuters) -Britain’s eight largest lenders have enough capital to ride out a worse economic crisis than that seen in 2008, the Bank of England (BoE) said on Wednesday, as the sector faces sharply rising interest rates pummelling consumers and businesses. The test checked if banks had enough capital to weather theoretical […]

The manufacturing backlash: No factory in my backyard

Reuters | July 10, 2023

By Timothy Aeppel and Ben Klayman MARSHALL, Michigan (Reuters) – Fred Chapman has a message for Ford Motor Co, which is planning to build a sprawling factory on the outskirts of this town to make batteries for electric cars and which promises to employ 2,500 people. “We don’t need jobs,” he says. That’s a surprising […]

Ukraine asks to join CPTPP trade pact

Reuters | July 7, 2023

By Kantaro Komiya and Lucy Craymer TOKYO (Reuters) -Ukraine has submitted a formal request to join the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) to New Zealand, Japanese and New Zealand authorities said on Friday. New Zealand, which performs the legal depositary functions for the partnership, had received a formal accession request from Ukraine […]

China’s chipmaking export curbs ‘just a start’, Beijing adviser warns before Yellen visit

Reuters | July 6, 2023

BEIJING/SHANGHAI (Reuters) -China’s export controls on metals used in semiconductors are “just a start”, an influential Chinese trade policy adviser said on Wednesday, as Beijing ramps up a tech fight with Washington days before a visit from U.S. Treasury Secretary Janet Yellen. Shares in some Chinese metals companies rallied for a second session as investors […]

Biden tries to flip skeptical Americans on his economic plan

Reuters | June 30, 2023

By Nandita Bose and Trevor Hunnicutt CHICAGO (Reuters) – U.S. President Joe Biden worked to lift Americans’ dour mood about the economy with what his aides billed as a major speech on Wednesday, an effort to shore up a top political weakness as he seeks re-election. Biden, whose two-year term as president has witnessed a […]

Ukraine to receive $1.5 billion from World Bank to support reconstruction

Reuters | June 30, 2023

KYIV (Reuters) -Ukraine will receive $1.5 billion from the World Bank to support reconstruction and recovery, Prime Minister Denys Shmyhal said on Friday. The funds will be provided with guarantees from the Japanese government and channeled to support social security and economic development, Shmyhal, whose country has been invaded by Russia, said on the Telegram […]

H&M shares jump 17% as summer collection boosts profit

Reuters | June 29, 2023

By Marie Mannes STOCKHOLM (Reuters) -Fashion retailer H&M’s shares jumped more than 17% on Thursday after its second-quarter profit beat estimates as cost-cutting measures started to bear fruit and its summer collection benefited from warmer weather in Europe. H&M, which has lagged Zara owner Inditex, has sought to raise its fashion appeal and boost its […]

Next Page »

Wait! Before you go...

Always be feeding your money brain. Claim one or all of the FREE offers from some of our partners below.