Commonwealth Bank of Australia puts odds of Australian recession in 2023 at 50%
SYDNEY (Reuters) – Commonwealth Bank of Australia, the country’s biggest lender, on Friday put the odds of a recession in…
Business
Biden administration wants Congress to mandate flight delay compensation
By David Shepardson WASHINGTON (Reuters) -The Biden administration has submitted draft legislation to Congress that would mandate airlines pay cash…
Carmaker Toyota to invest $328 million in Mexico hybrid pickup plant
MEXICO CITY (Reuters) -Japanese carmaker Toyota will invest $328 million more in a plant in the central Mexican state of…
Trauma of Japan’s deflation battle keeps BOJ wary of policy shift
By Leika Kihara TOKYO (Reuters) -Japan’s bitter memories of its decades-long battle with deflation hang heavily over the central bank’s…
US Transportation deputy chief named FAA’s interim head
By David Shepardson WASHINGTON (Reuters) – U.S. Transportation Deputy Secretary Polly Trottenberg is taking over as acting head of the…
Taiwan’s Acer ships computer hardware to Russia after saying it would suspend business -data
By Filipp Lebedev and Gleb Stolyarov (Reuters) -Taiwan-based computer manufacturer Acer supplied at least $70.4 million worth of computer hardware…
Wall Street ends up amid record low volatility ahead of eventful week
By Shristi Achar A and David Carnevali (Reuters) – U.S. stocks closed higher on Thursday regaining some of their momentum…
Harley-Davidson suspends production at Pennsylvania plant due to parts shortage
By Aishwarya Nair and Bianca Flowers (Reuters) -Motorcycle maker Harley-Davidson has temporarily halted production at its York, Pennsylvania, assembly plant…
Bank of Canada hiked rates over alarm at household spending, stubborn inflation
By Steve Scherer and David Ljunggren OTTAWA (Reuters) – The Bank of Canada lifted rates after a four-month pause because…
Marketmind: China inflation could spoil the weekend party
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. A big dollar…