Hungary’s easing inflation may lead to single-digit rates by 2024 – minister
BUDAPEST (Reuters) – Hungary’s inflation will slow to single digit by end-2023 from 24% in April, allowing the central bank…
Business
AB Foods to boost agri-food unit with $60 million bolt-on
LONDON (Reuters) -Associated British Foods, the owner of Primark and major sugar, foods and ingredients businesses, said it would buy…
German industrial orders fall unexpectedly in April
(Reuters) -German industrial orders fell unexpectedly in April, dragged down by large-scale orders, data from the federal statistics office showed…
Zara owner Inditex faces margin test
By Corina Pons and Helen Reid MADRID (Reuters) – Investors will closely watch Zara owner Inditex’s profit margins for any…
BlackRock’s China head Tang leaving the company
By Selena Li HONG KONG (Reuters) – BlackRock Inc’s head of China business, Tony Tang, is leaving the asset manager,…
Spend the recession away? Not the thrifty Germans
By Maria Martinez BERLIN (Reuters) -A drop-off in spending by inflation-hit consumers was one of the main reasons Germany fell…
China’s property shares surge as investors bet on stimulus hopes
By Clare Jim and Liangping Gao HONG KONG (Reuters) -China property stocks listed in Hong Kong jumped as much as…
Panasonic to boost battery output at Tesla’s Nevada Gigafactory by 10%
(Reuters) – Panasonic Holdings plans to expand production of electric vehicle batteries at a factory in Nevada jointly operated with…
Asian FX mixed after weak US data affirms Fed pause, stocks gain
By Roushni Nair (Reuters) – Most Asian currencies traded mixed on Tuesday as economic data in the U.S. pointed to…
Cryptoverse: Listless bitcoin seeks summer spark
By Lisa Pauline Mattackal and Medha Singh (Reuters) – It’s a tense time for bitcoin investors. Watch. Wait. Don’t make…