By Steve Scherer OTTAWA (Reuters) – The Bank of Canada will offer minutes from its policy-setting meeting this week for the first time in its history, a move some analysts say will help restore credibility lost last year amid soaring inflation and encourage out-of-the-box thinking. Annual inflation shot to 8.1% in June, the highest in…
FRANKFURT (Reuters) – The Bayer investor Union Investment criticized Bayer’s chair for a lack of engagement, such as exploring a spin-off of the company’s consumer health division, according to an interview in WirtschaftsWoche. Bayer is facing demands from activist investor Bluebell Capital Partners to break up, with a sale of the company’s consumer health unit…
(Reuters) – Members of two local unions at CNH Industrial NV factories in Wisconsin and Iowa reached an agreement over a new labor contract on Saturday, ending a strike that has been ongoing since last May, the United Auto Workers union said. The contract, which was voted on as an improved “last, best, and final…
By Tetsushi Kajimoto TOKYO (Reuters) -Japanese Prime Minister Fumio Kishida said on Sunday he would nominate a new Bank of Japan governor next month, as markets test whether the central bank will change the ultra low-rate policy of the dovish Haruhiko Kuroda. Kishida initially told a TV Tokyo programme that he would decide on Kuroda’s…
TOKYO (Reuters) – Japanese Prime Minister Fumio Kishida said on Sunday that he would take the April economic situation into account when choosing the next Bank of Japan (BOJ) governor, keeping markets guessing who may replace incumbent Haruhiko Kuroda. Financial markets are closely watching who will succeed Kuroda, whose five-year term ends on April 8,…
BERLIN (Reuters) – Germany must reduce its dependence on China gradually as decoupling from the Chinese market would costs jobs in Europe’s biggest economy, Finance Minister Christian Lindner was quoted as saying on Sunday. Germany is working on a new China strategy that takes a more sober view of relations and aims to reduce dependence…
(Reuters) – Twitter owner Elon Musk tweeted on Saturday that a higher priced subscription of the social media platform will not carry advertisements. The billionaire also said that ads are “too frequent on Twitter and too big,” and that steps will be taken to address those issues in coming weeks. Twitter did not immediately respond…
By Leah Douglas (Reuters) -The Federal Trade Commission (FTC) should examine high egg prices for signs of price gouging from top egg companies, a farm group said, as Americans continue to pay more than ever for the household staple. U.S. regulators, farmers, and industry have often argued in recent years about the power of top…
FRANKFURT (Reuters) – U.S. power chip maker Wolfspeed Inc is planning to build a factory in Germany for more than 2 billion euros ($2.17 billion), Handelsblatt reported on Saturday. The German auto supplier ZF will hold a minority stake, the business newspaper said, citing unidentified sources familiar with the project. Production should begin in four…
By Sriram Mani MUMBAI (Reuters) – India’s Adani Group, controlled by billionaire Gautam Adani, plans to spin off more businesses by 2028 and dismisses any debt concerns, the group’s chief financial officer told Reuters. The corporate house plans to spin off, or demerge, its metals, mining, data centre, airports, roads and logistics businesses, said Jugeshinder…
