MANILA (Reuters) – The International Monetary Fund (IMF) kept its economic growth forecast for the Philippines this year at 6.0%, but said on Friday high inflation was a downside risk to the outlook and should be tackled with both fiscal and monetary measures. The IMF projected next year’s GDP expansion for the Philippines to come…
By Nidal al-Mughrabi and Ari Rabinovitch GAZA/JERUSALEM (Reuters) – A Palestinian armed group on Friday fired rockets towards Jerusalem for the first time in fighting this week, and Israel killed another militant leader with its air strikes in Gaza, while Egypt tried to forge a ceasefire. Rocket sirens sounded in the town of Beit Shemesh…
MUNICH (Reuters) – Software AG Foundation, the largest shareholder in German business software developer Software AG, said on Friday that it continues to support private equity firm Silver Lake Management’s offer to buy the company. The foundation’s management is “convinced that Silver Lake is the right long-term partner” for Software AG, it said in a…
By David Shepardson WASHINGTON (Reuters) – The U.S. Energy Department on Friday said it intends to loan California startup CelLink $362 million to help finance construction of a U.S. manufacturing facility to improve key vehicle wiring components. The conditional commitment from the government’s Advanced Technology Vehicles Manufacturing loan program is for the development of lighter,…
(Reuters) – Netflix Inc plans to cut its spending by $300 million this year, the Wall Street Journal reported on Friday, citing people familiar with the matter. Company leaders urged staffers to be judicious with their spending, including in relation to hiring, but said there would be no hiring freeze or additional layoffs, according to…
(Reuters) -Billionaire investor Daniel Loeb is no longer exploring a potential acquisition of SiriusPoint Ltd, according to a regulatory filing on Friday, a month after disclosing his interest in taking the insurance firm private. Loeb, who runs hedge fund Third Point, and SiriusPoint were unable to reach a consensus on the value of a potential…
By Aftab Ahmed NEW DELHI (Reuters) – India’s annual retail inflation eased to 18-month low in April, staying well below the Reserve Bank of India’s (RBI) upper tolerance limit for the second consecutive month, as food prices eased. Annual retail inflation eased to 4.7% in April from 5.66% in the previous month, government data showed…
(This May 11 story has been corrected to remove reference to more weight in paragraph 1) By Belén Carreño MADRID (Reuters) – Spanish Prime Minister Pedro Sanchez will ask U.S. President Joe Biden in Washington on Friday to listen to the opinions of non-NATO members such as China and Brazil on the war in Ukraine,…
By Chris Prentice NEW YORK (Reuters) -Units of HSBC Holdings Plc have agreed to pay $75 million to settle U.S. Commodity Futures Trading Commission (CFTC) charges related to manipulative and deceptive trading and record-keeping failures, the regulator on Friday. HSBC Bank USA agreed to pay a $45 million civil penalty for manipulative and deceptive trading…
WASHINGTON (Reuters) – U.S. consumer sentiment slumped to a six-month low in May as a standoff to raise the federal government’s borrowing cap fanned worries about the economy’s outlook, a survey showed on Friday. The University of Michigan’s preliminary reading on the overall index of consumer sentiment came in at 57.7 this month, the lowest…
