Fed’s Jefferson: inflation ‘insidious,’ need to bring it down
PALO ALTO, Calif. – Federal Reserve Governor Philip Jefferson said on Friday he is just as serious about the central…
Business
Exclusive-G7 to vow diversifying of supply chains, filling bank regulatory gaps -draft
(Reuters) -Finance leaders of the Group of Seven (G7) advanced economies set a year-end deadline for launching a new scheme…
Luminar Tech CEO Russell to acquire majority stake in Forbes
(Reuters) -Luminar Technologies CEO Austin Russell will buy a majority stake in Forbes Global Media Holdings in a deal that…
Stellantis, LGES implementing ‘contingency plans’ for battery plant in Canada
By Ismail Shakil OTTAWA (Reuters) -Automaker Stellantis and South Korea’s LG Energy Solution (LGES) are implementing “contingency plans” related to…
Bank of Canada names longtime executive Mendes as deputy governor
By Ismail Shakil OTTAWA (Reuters) -The Bank of Canada (BoC) said on Friday it has picked longtime central bank executive…
Indexes slip with tech-related shares; consumer sentiment drops
By Caroline Valetkevitch NEW YORK (Reuters) – U.S. stocks ended slightly lower on Friday, led by weaker megacap shares following…
Fed’s Bullard: disinflation prospects ‘good’ but not guaranteed
PALO ALTO, Calif. (Reuters) – St. Louis Federal Reserve Bank President James Bullard, an early and vocal supporter within the…
U.S. regulators grant approvals for TIAA’s bank deal with buyout firms
By Pete Schroeder and David French (Reuters) -Two U.S. regulators have approved the sale of a majority stake in TIAA’s…
Biden nominates Jefferson as Fed vice chair, Kugler to Fed board
By Ann Saphir, Andrea Shalal and Jeff Mason WASHINGTON (Reuters) -U.S. President Joe Biden on Friday nominated Federal Reserve Governor…
France lands battery gigafactory with sweeteners, zero-carbon power
By Gilles Guillaume and Elizabeth Pineau PARIS (Reuters) -France beat competition from Germany and the Netherlands for ProLogium’s first overseas…