OECD sees scope for profits to absorb wage hikes
PARIS (Reuters) – Companies in most countries have enough profit to be able to absorb an increase in wages needed…
Business
World’s biggest gallium buyer says clients stockpiling
By Ludwig Burger FRANKFURT (Reuters) – China’s planned export controls on gallium have caused frantic stockpiling of speciality semiconductor wafers…
Marketmind: Bond yields recoil on disinflation buzz
A look at the day ahead in U.S. and global markets from Mike Dolan A volte face in Treasury yields…
UK wage growth matches record high but job market shows signs of cooling
By William Schomberg LONDON (Reuters) -A key measure of British wages rose at the joint fastest pace on record but…
Geely, Renault strike deal to develop gasoline engines, hybrid technology
(Reuters) -China’s Geely Automobile Holdings and French car maker Renault SA on Tuesday said they will invest up to 7…
UK mortgage rates surge to 15-year high after surpassing ‘mini-budget’ peak
By Suban Abdulla LONDON (Reuters) -A key British mortgage rate hit a 15-year high on Tuesday when it rose above…
Singapore’s Temasek reports portfolio value drop, positive on China tech
By Yantoultra Ngui and Xinghui Kok SINGAPORE (Reuters) – Singapore investment firm Temasek Holdings on Tuesday posted a 5.2% drop…
US Senator Warren, others warn against L3Harris plan to buy Aerojet
WASHINGTON (Reuters) – U.S. Senator Elizabeth Warren, a Democrat and frequent merger critic, joined three other lawmakers on Tuesday to…
Britain’s 50-billion pound pensions gamble could put savers in fresh peril
By Sinead Cruise and Carolyn Cohn LONDON (Reuters) – Britain’s financial services industry has broadly cheered fresh government proposals to…
UBS shelves plan for new China fund unit, takes over Credit Suisse joint venture – sources
By Selena Li and Samuel Shen HONG KONG (Reuters) – UBS has halted plans to set up a new fund…