Bank of England set to raise rates to 4.75% as inflation slow to fall
By David Milliken LONDON (Reuters) – The Bank of England looks set to raise interest rates by a quarter point…
June 16, 2023
US FDA extends review for GSK-owned Sierra’s blood cancer therapy
(Reuters) -GSK Plc said on Friday the U.S. Food and Drug Administration (FDA) has extended the review period by three…
Tesco says Britain’s food inflation has peaked
By James Davey and Sarah Young LONDON (Reuters) -Tesco, Britain’s biggest retailer, said the country’s food inflation was starting to…
Major banks cut China 2023 GDP forecasts as recovery falters
BEIJING (Reuters) -Several major banks have cut their 2023 gross domestic product (GDP) growth forecasts for China after May data…
Tesla’s China expansion hits speed bump amid industry overcapacity
SHANGHAI (Reuters) -Tesla’s ambitious plan to boost auto production in Shanghai, its most valuable plant globally, hinges on China’s approvals…
Climate and Ukraine loom over supply-strained Paris Airshow
By Tim Hepher, Valerie Insinna, Joanna Plucinska and Allison Lampert PARIS (Reuters) – Global aerospace and defence companies will tout…
Hungary cenbank to cut one-day depo rate by another 100 bps next week: Reuters poll
By Gergely Szakacs BUDAPEST (Reuters) – Hungary’s central bank is expected to cut its key one-day deposit rate again next…
Exclusive-China’s Xi Tells Bill Gates He Welcomes U.S. AI Tech In China
HONG KONG (Reuters) – Chinese President Xi Jinping discussed the global rise of artificial intelligence (AI) with Bill Gates and…
Will cost cuts help FedEx close margin gap with UPS?
By Priyamvada C (Reuters) – FedEx may see a profit boost from cost cuts undertaken last year, although its investors…
Investors pour into equities to ‘chase the bull’, says BofA
By Samuel Indyk LONDON (Reuters) – Investors bought stocks and took money out of cash funds in the week to…