Factbox-Analysts bet bumper Turkish rate hikes on the way
LONDON (Reuters) – Analysts at leading investment banks expect Turkey’s new economic chiefs to start ramping up interest rates next…
2023
BoC to raise rates once more by 25 bps in July to 5.00%: Reuters poll
By Milounee Purohit BENGALURU (Reuters) – The Bank of Canada will raise interest rates again in July to 5.00% after…
Egypt to allocate $4.1 billion for food subsidies in 2023/24 – document
By Nayera Abdallah and Nadine Awadalla CAIRO (Reuters) – Egypt is allocating 127.7 billion Egyptian pounds ($4.14 billion) for its…
China cuts short-term borrowing costs to support recovery
By Winni Zhou and Tom Westbrook SHANGHAI/SINGAPORE (Reuters) – China’s central bank lowered a short-term lending rate for the first…
‘Goodbye President’: Berlusconi fans pay tribute to late leader
By Cristiano Corvino MILAN (Reuters) -Supporters of former prime minister Silvio Berlusconi gathered outside his villa near Milan on a…
Fed Seen Holding Rates Steady This Week After Inflation Data
(Reuters) – Federal Reserve policymakers were seen as more likely to skip raising interest rates this week, after government data…
Accenture looks to power AI efforts with $3 billion investment
(Reuters) – Accenture said on Tuesday it will invest $3 billion over three years into its data and AI practice,…
Russian missile attack kills 11 in Ukrainian president’s hometown
By Max Hunder KRYVYI RIH, Ukraine (Reuters) -Eleven civilians were killed in a Russian missile attack that struck an apartment…
Toyota unveils sweeping plans for new battery tech, EV innovation
By Daniel Leussink TOKYO (Reuters) -Toyota will introduce high-performance, solid-state batteries and other technologies to improve the driving range and…
GM, SDI will build $3 billion battery manufacturing plant in Indiana
By David Shepardson (Reuters) -General Motors and Samsung SDI will build a more than $3 billion EV battery cell plant…