Shareholders of Evergrande’s EV unit agree on restructuring deal
By Xie Yu HONG KONG (Reuters) – Shareholders of China Evergrande New Energy Vehicle Group accepted a proposal to dispose…
Economy
Yellen expects US regulators to be open to mergers among midsize banks
By Andrea Shalal NIIGATA, Japan (Reuters) – The current banking environment and pressures on earnings of some U.S. regional banks…
Fed policy on right track, but inflation still too high, officials say
By Ann Saphir PALO ALTO, Calif. (Reuters) -The Federal Reserve is getting interest rates closer to where they need to…
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…
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…
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…