By Victoria Waldersee BERLIN (Reuters) -Mercedes-Benz struck a slightly more optimistic tone alongside its first quarter results on Friday, saying demand in China and the United States was showing signs of picking up as markets recover from inflationary and supply chain shocks. Demand in Europe was still sluggish, but the German automaker expects that to…
By Svea Herbst-Bayliss and Carolina Mandl NEW YORK (Reuters) – When Wall Street investors, dealmakers and chief executives meet in Beverly Hills next week to strategize on how to make money given the concerns swirling around markets, much talk will revolve around the letter R – as in regional banks, rates, regulatory regimes and recession….
(This April 25 story has been corrected to rectify the name of the firm to Morgan Stanley Investment Management, not Morgan Stanley Asset Management, in paragraph 14) By Stephen Culp NEW YORK (Reuters) – U.S. stocks sold off, closing deep in negative territory, and Treasury yields dropped on Tuesday as disappointing earnings and soft economic…
MOSCOW (Reuters) – Taking over the temporary management of foreign banks’ divisions in Russia would not be appropriate, Central Bank Governor Elvira Nabiullina said on Friday, after Moscow seized control of two European state-owned utility companies this week. President Vladimir Putin on Tuesday signed a decree placing the Russian assets of Finland’s Fortum and Germany’s…
By Shilpa Jamkhandikar, Aditya Kalra and Munsif Vengattil MUMBAI (Reuters) – The video streaming business of Mukesh Ambani, Asia’s richest person, is likely to focus on pricing and local content following a deal with Warner Bros as it seeks to challenge the likes of Disney and Netflix in India, industry sources said. Under the content…
By Shilpa Jamkhandikar, Aditya Kalra and Munsif Vengattil MUMBAI (Reuters) – The video streaming business of Mukesh Ambani, Asia’s richest person, is likely to focus on pricing and local content following a deal with Warner Bros as it seeks to challenge the likes of Disney and Netflix in India, industry sources said. Under the content…
By Vladimir Soldatkin, Elena Fabrichnaya and Alexander Marrow MOSCOW (Reuters) – Russia’s central bank held its key interest rate at 7.5% on Friday, keeping the need for rate hikes on the table over lingering inflationary risks and flagging demand-side factors that could threaten its goal of returning inflation to target. Governor Elvira Nabiullina said the…
By Jason Hovet PRAGUE (Reuters) – The Czech National Bank (CNB) is likely to maintain policy stability and keep its key interest rate at a more than two-decade high of 7.00% on Wednesday, a Reuters poll showed, with expectations still leaning toward a cut in the third quarter. All 12 analysts in the poll published…
By Maria Martinez BERLIN (Reuters) -German consumer prices in April posted their smallest increase since the start of the war in Ukraine, as energy prices eased further and food prices began to fall. Consumer prices, harmonised to compare with other European Union countries, rose by 7.6% on the year in April, preliminary data from the…
By Elizabeth Howcroft LONDON (Reuters) – Mastercard will expand its cryptocurrency payment card programme by seeking more partnerships with crypto firms, the company’s head of crypto and blockchain said, even as the sector comes under closer scrutiny from regulators and banks grow wary. Mastercard has already partnered with crypto exchanges including Binance, Nexo and Gemini…
