By Sruthi Shankar and Ankika Biswas (Reuters) -Wall Street futures slipped on Monday ahead of a busy week for earnings, with investors also awaiting key economic data that could shed light on the U.S. economy and shape the Federal Reserve’s monetary policy. Heavyweights including Alphabet Inc, Microsoft Corp, Amazon.com Inc and Meta Platforms Inc, whose…
By Ernest Scheyder SANTIAGO (Reuters) -Chilean President Gabriel Boric’s plan to nationalize his country’s immense lithium industry is putting the spotlight on an emerging crop of filtration technologies aimed at revolutionizing how the metal is produced for the electric vehicle industry. In a national prime time address, Boric said last Thursday a new state-owned company…
By Francesco Canepa and Balazs Koranyi FRANKFURT (Reuters) – The “very generous” pay rise secured by Germany’s public sector workers may complicate the European Central Bank’s fight against inflation, analysts said on Monday. The proposed deal will give 2.5 million employees in Europe’s largest economy a 5.5% permanent increase next year, on top of a…
By Noele Illien ZURICH (Reuters) -Credit Suisse said on Monday that 61 billion Swiss francs ($68 billion) in assets left the bank in the first quarter and that outflows were continuing, underscoring the challenge faced by UBS Group in rescuing its rival. Customer deposits declined by 67 billion francs in the quarter and the bank noted…
By Noele Illien ZURICH (Reuters) -Credit Suisse said on Monday that 61 billion Swiss francs ($68 billion) in assets left the bank in the first quarter and that outflows were continuing, underscoring the challenge faced by UBS Group in rescuing its rival. Customer deposits declined by 67 billion francs in the quarter and the bank noted…
By Maria Martinez BERLIN (Reuters) -German business morale rose slightly in April due to an improvement in companies’ expectations, adding to positive signs as Europe’s largest economy hopes to have dodged a winter recession, a survey showed on Monday. The Ifo institute said its business climate index stood at 93.6 following a revised reading of…
By Nyasha Chingono HARARE (Reuters) – Inside a grimy, poorly lit room in Mbare, one of Zimbabwe’s most populous townships, a 45-year-old man sits on a makeshift stool as he pours a brownish liquid into small bottles. An alcoholic stench fills the room. The Mbare resident is one of Zimbabwe “backyard brewers” who are making…
LONDON (Reuters) – Len Goodman, the head judge on British television dancing competition “Strictly Come Dancing” and its U.S. version “Dancing with the Stars”, has died aged 78, the BBC said on Monday. Goodman was a successful professional ballroom dancer, winning the British championships in his late twenties before retiring from the sport and opening…
By Marc Jones LONDON (Reuters) – France’s central bank governor François Villeroy de Galhau has pushed back against criticism of central banks’ increasing involvement in the fight against climate change, calling the issue a “must have” focus. “Climate-related risks are clearly among the long-term risks to which financial institutions are exposed: monitoring these risks is…
HONG KONG (Reuters) – China Evergrande Group’s onshore flagship unit Hengda Real Estate said the holders of an onshore bond worth 8.2 billion yuan ($1.19 billion) will hold a meeting on Wednesday to vote whether they will join the group’s offshore restructuring proposal. The bond in question, due July 8 after extending the maturity by…
