MUMBAI (Reuters) – Fitch Ratings raised its growth forecast for the Indian economy to 6.3% for the current fiscal year, from 6% earlier, on the back of robust growth in the first quarter and strong near-term momentum, it said on Thursday. “The economy also continues to benefit from high bank credit growth and infrastructure spending…
By David Milliken LONDON (Reuters) -The Bank of England is set to raise interest rates for a 13th time in a row on Thursday, a day after inflation data came in higher than expected once again, with investors split on just how big the new hike will be. Economists polled by Reuters last week were…
SEOUL (Reuters) – Renault Korea Motors plans to build infrastructure at its plant in the southeastern city of Busan to manufacture electric vehicles (EVs), the Busan city government said. The automaker aims to produce 200,000 EVs a year at its Busan facilities, a statement issued by the city cited Renault Group Executive Vice President Guido…
PARIS (Reuters) -U.S. Treasury Secretary Janet Yellen said on Thursday the World Bank should add disaster clauses to debt agreements with poorer countries, speaking ahead of a summit in Paris that will discuss how to boost crisis financing for low-income nations. Such clauses could be part of a broader reform of the World Bank to…
(Reuters) – Europe is seeking to lure electric vehicle (EV) battery makers to build factories in the region as the bloc – home to carmakers such as Volkswagen and Stellantis – tries to cut its dependency on Asia and win a green subsidy race with the United States. Below is an overview of factories in…
PARIS (Reuters) – Heavily indebted French supermarket chain Casino on Thursday announced it would sell its residual equity stake in Brazilian retailer Assai, representing around 12% of the company’s share capital. The deal helps Casino improve its liquidity, the company said one day after announcing it had also reached an agreement with the French government…
By Kaori Kaneko TOKYO (Reuters) – Japan’s employment trends showed “improvement recently”, the government said in its latest monthly assessment of the economy, noting a decline in the jobless rate and the positive impact of bigger wage rises awarded by major firms. It was the first time that the government had upgraded its assessment of…
By Noele Illien ZURICH (Reuters) -The Swiss National Bank (SNB) on Thursday said it was crucial to draw lessons from the Credit Suisse crisis that led to the bank’s downfall and forced rescue by rival UBS and consider measures that would prevent such events in the future. “These measures need to strengthen banks’ resilience in…
BENGALURU (Reuters) – Private equity firm Carlyle plans to sell its entire 2.53% stake in Indian logistics firm Delhivery via its special purpose vehicle for at least $86 million, according to a term sheet seen by Reuters on Thursday. Carlyle plans to sell Delhivery’s shares via CA Swift Investments at a floor price of 385.50…
TEGUCIGALPA (Reuters) – Honduras will return control of most of the country’s penal system to the military police for the next year, the Central American country’s presidential office said late on Wednesday, a day after a prison riot claimed nearly 50 lives. The measure is part of a fresh crackdown on crime which includes expanding…
