Central banks signal end of bank turmoil with cut in dollar funding line
FRANKFURT/LONDON/TOKYO (Reuters) -The world’s top central banks are cutting the frequency of their dollar liquidity operations with the U.S. Federal…
Business
Joby Aviation lands $55 million contract from US Air Force
(Reuters) – Electric aircraft maker Joby Aviation will deliver up to nine air taxis to the U.S. Air Force under…
Mitsubishi Motors takes one-time $78 million hit from China woes
TOKYO (Reuters) – Mitsubishi Motors Corp will take a one-time hit of 10.5 billion yen ($78.31 million) related to slowing…
China completes landmark national real estate registration system
BEIJING (Reuters) – China has finished building a national and unified system for real estate registration, the official Xinhua news…
Novartis, helped by cost cuts, raises full-year outlook
By Ludwig Burger FRANKFURT (Reuters) -Novartis on Tuesday raised its full-year earnings outlook following cost cuts, a breast cancer drug…
UK’s lower-than-expected borrowing points to future budget leeway
By Andy Bruce LONDON (Reuters) -Britain’s government borrowed less than predicted in the financial year that ended in March, according…
Samsung SDI, GM to build $3 billion joint EV battery plant in US
SEOUL (Reuters) – Samsung SDI Co Ltd said on Tuesday it will invest $3 billion or more to build a…
ABB’s strong start and raised guidance dispel industrial gloom
By John Revill ZURICH (Reuters) -ABB Ltd raised its full-year guidance for sales and profit on Tuesday, dispelling some of…
Santander profit beat overshadowed by weak quarter in Brazil
By Jesús Aguado MADRID (Reuters) – Spain’s Santander on Tuesday beat forecasts with a 1% rise in first-quarter net profit…
World Bank sees Western Balkan economies resilient despite subdued growth
SARAJEVO (Reuters) – The economies of the six countries of the Western Balkans show resilience despite economic growth estimated to…