Exclusive-China’s state banks told to lower cap on dollar deposit rates -sources
SHANGHAI/BEIJING (Reuters) – In a rare attempt to bolster China’s yuan, a self-regulatory body overseen by the country’s central bank…
June 2023
Subway inks deal for 4,000 new sandwich shops in China over next 20 years
By Hilary Russ NEW YORK (Reuters) – Subway reached an agreement with a master franchisee to open nearly 4,000 new…
Nestle trials giving cash to coffee farmers who grow beans sustainably
By Maytaal Angel LONDON (Reuters) – Nestle is piloting a scheme to give cash to coffee farmers who grow beans…
At least 42 dead, thousands homeless after floods in Haiti
(Reuters) – Flooding from torrential rains in Haiti has left at least 42 people dead over the past couple days…
High inflation and recession risk – the Bank of England’s dilemma
By William Schomberg LONDON (Reuters) – The Bank of England is trying to curb an inflation rate that is running…
Ford Recalls 125,000 Vehicles Over Engine Failures That Can Cause Fires
By David Shepardson WASHINGTON (Reuters) -Ford Motor Co said on Tuesday it is expanding and issuing a new recall for…
Russia’s McDonald’s heir growing quickly, in for the long haul
By Olga Popova MOSCOW (Reuters) – The successor to McDonald’s restaurants in Russia is growing faster than forecast, its owner…
VW’s China joint venture transforms Shanghai plant for EV production
SHANGHAI (Reuters) – Volkswagen’s Chinese joint venture with SAIC Motor has transformed one of its plants in Shanghai for production,…
Futures Slip As Mixed Data Clouds Fed Policy Outlook
(Reuters) – Wall Street futures slipped on Tuesday as investors assessed chances of the Federal Reserve holding interest rate at…
U.S. public sees no clear winner in debt ceiling deal -Reuters/Ipsos poll
By Jason Lange WASHINGTON (Reuters) – Neither President Joe Biden’s Democrats nor Republicans in Congress emerged as a clear winner…