BOAO, China (Reuters) – China’s economic performance has improved in March from the first two months and the country will expand domestic demand and consolidate its economic recovery, Premier Li Qiang said on Thursday at an economic forum in Boao. No matter how the world situation is evolving, China will remain committed to reforms and…
SYDNEY (Reuters) – Qantas Airways Ltd and Airbus SE will jointly invest A$2 million ($1.34 million) in a biofuel refinery being set up in Australia’s Queensland state that would convert agricultural by-products into sustainable aviation fuel (SAF). The funds will be used for a detailed feasibility study and early-stage development of the proposed facility jointly…
By Yantoultra Ngui, Phuong Nguyen and Anshuman Daga SINGAPORE/HANOI (Reuters) -Vietnam’s largest conglomerate, Vingroup, is in discussions to sell a stake in its shopping mall arm as it seeks to bring in strategic investors, five sources told Reuters on Wednesday. Vincom Retail, Vietnam’s biggest shopping mall operator, which is nearly 60% controlled by Vingroup, commands…
By Marcela Ayres, Lisandra Paraguassu and Bernardo Caram BRASILIA (Reuters) -Brazil’s new fiscal framework targets a zero primary deficit in 2024, followed by surpluses in subsequent years, as President Luiz Inacio Lula da Silva seeks a sustainable trajectory for the country’s public debt, government sources told Reuters on Wednesday. The primary surplus will be equivalent…
(Reuters) -Wall Street banks including JPMorgan Chase & Co and Goldman Sachs Group Inc are looking to start trading private credit loans, Bloomberg News reported on Wednesday, citing people familiar with the matter. The banks are among the firms talking to private debt funds about facilitating secondary-market transactions, according to the report. JPMorgan and Goldman…
By Hilary Russ NEW YORK (Reuters) – Starbucks shareholders approved a proposal for the coffee chain to conduct an independent assessment of its labor practices as it contends with hundreds of newly unionized U.S. cafes, according to voting results filed on Wednesday. The proposal won 52% of votes. Results came the same day ex-Chief Executive…
WASHINGTON (Reuters) -The White House is preparing to release more of its promised plans to strengthen U.S. bank oversight as soon as this week after Silicon Valley Bank’s collapse of earlier this month, according to a person familiar with the preparations. President Joe Biden, a Democrat, is expected to push for rules to be reinstated…
By Dawn Chmielewski and Lisa Richwine (Reuters) -Walt Disney Co has laid off Marvel Entertainment Chairman Isaac “Ike” Perlmutter as part of a cost-cutting campaign, a source confirmed on Wednesday. Perlmutter, 80, had supported activist shareholder Nelson Peltz’s unsuccessful bid this year to obtain a seat on Disney’s corporate board. The executive was informed by…
By Lananh Nguyen and Nupur Anand NEW YORK (Reuters) – Bank of America Corp’s digital personal finance tool, Life Plan, has attracted more than $55 billion in new money since its launch in late 2020, as customers use technology to set financial goals. Life Plan, which has more than 10 million users, enables customers to…
By David Shepardson WASHINGTON (Reuters) – The U.S. Treasury Department’s long-awaited guidance on battery sourcing requirements for electric vehicle tax credits due out by Friday will result in fewer vehicles getting full or partial credits, a U.S. official told Reuters. In December, Treasury decided not to issue the proposed guidance on battery sourcing rules until…
