By Kevin Yao and Gabriel Crossley BEIJING (Reuters) -China’s economy rebounded in 2021 from its pandemic-induced slump helped by robust exports but weak consumption at the year-end and a property slowdown point to cooling momentum and the need for more policy support. The central bank on Monday cut loan rates to cushion the world’s second-largest…
By Anshuman Daga SINGAPORE (Reuters) – Credit Suisse Chairman Antonio Horta-Osorio has resigned after flouting COVID-19 quarantine rules, the bank said on Monday, raising questions over the embattled lender’s new strategy as it tries to recover from a string of scandals. The abrupt move comes less than a year after Horta-Osorio was brought in to…
By Jan Wolfe and Kanishka Singh WASHINGTON (Reuters) -A major winter storm slammed much of the eastern United States with snow, ice and high winds on Sunday, causing widespread travel disruptions and power outages on a holiday weekend. Winter weather alerts stretched more than 1,000 miles (1,609 km) from Alabama to Maine, with the governors…
By Anshuman Daga SINGAPORE (Reuters) -Credit Suisse’s Chairman Antonio Horta-Osorio has resigned after flouting COVID-19 quarantine rules, raising questions over the embattled lender’s new strategy even as it tries to recover from a string of scandals. Credit Suisse, Switzerland’s No.2 bank, said Horta-Osorio resigned following an investigation commissioned by the board. The resignation comes less…
By John Geddie and Joe Brock (Reuters) – International brands including Coca Cola and PepsiCo called on Monday for a global pact to combat plastic pollution that includes cuts in plastic production, a key growth area for the oil industry. World officials will meet at a United Nations Environment Assembly conference (UNEA 5.2) later this…
By Wayne Cole SYDNEY (Reuters) – Asian share markets got off to a cautious start on Monday as the U.S. earnings season loomed large and a slew of Chinese economic data were expected to show the deadening effect of coronavirus restrictions on activity. A holiday in the United States made for thin trading, but that…
By Daniel Leussink TOKYO (Reuters) – Japan’s core machinery orders rose for a second straight month in November, government data showed on Monday, a sign that corporate appetite for capital spending remained resilient despite pressure from soaring raw material prices. The gain in core orders, a key indicator of capital expenditure, could be a relief…
By David Shepardson WASHINGTON (Reuters) -The U.S. Federal Aviation Administration (FAA) said Sunday it had cleared an estimated 45% of the U.S. commercial airplane fleet to perform low-visibility landings at many airports where 5G C-band will be deployed starting Wednesday. The FAA has warned that potential interference could affect sensitive airplane instruments such as altimeters…
By Valentine Hilaire MEXICO CITY – Mexican entrepreneur Javier Garza Calderon aims to bid on the consumer banking arm of Citigroup in the country, pledging to return it to Mexican hands, he said in a statement Sunday. Garza Calderon, founder of the organization “Entrepreneurs for the Fourth National Transformation (E4T),” said he was interested in…
(Reuters) – Unilever Plc has held talks with banks about additional financing for a potential sweetened offer for GlaxoSmithKline Plc’s consumer products division, Bloomberg reported https://www.bloomberg.com/news/articles/2022-01-16/unilever-is-said-to-weigh-raising-offer-for-glaxo-consumer-unit?sref=WJKVI5nK on Sunday, citing people familiar with the matter. Unilever and GSK did not immediately respond to Reuters’ requests for comment. The news came a day after GSK said it…
