LONDON (Reuters) – Finance executives at top British firms have reported the sharpest rise in optimism since late 2020 and the recent upheaval in the global banking sector has not dented the mood, a quarterly survey by Deloitte showed on Monday. The difference between chief financial officers who were more optimistic about their businesses’ prospects…
MOSCOW (Reuters) – Belarusian furniture company Swed House, which sells items intended to look like those made by Swedish giant IKEA, opened its first store in Moscow on Saturday to a mixed initial reaction from consumers. IKEA halted all retail and production operations in Russia soon after Moscow started its “special military operation” against Ukraine,…
NEW DELHI (Reuters) – India’s annual wholesale-price based inflation (WPI) eased to the lowest in nearly 30 months, as input prices continued to moderate, government data showed on Monday. WPI in March was 1.34% year-on-year, lower than 3.85% in the previous month and a Reuters poll of 1.87%. In March, the food index rose 2.32%…
By Norihiko Shirouzu and Maki Shiraki (Reuters) -Nissan is developing growth plans in areas such as software and electric vehicles (EVs) independent of Renault SA as the automakers work to finalise terms of a sharply limited alliance, said seven people with knowledge of the matter. Japan’s third-biggest automaker by sales is seeking a partner outside…
By Jamie McGeever ORLANDO, Florida (Reuters) -Engineering a soft landing is hard. But if you zoom out from the strictest definition of the term, the U.S. Federal Reserve has managed it more often than is generally believed. Admittedly, by the textbook definition of raising interest rates to cool an overheating economy or inflation without triggering…
(Reuters) -PageGroup on Monday became the latest recruiter to warn of tough conditions in the labour market as it forecast a near 29% slump in 2023 profit, partly hit by weakness in the technology and banking sectors in the United States. Lower levels of both candidate and client confidence have resulted in delays in decision-making…
COPENHAGEN (Reuters) – SAS will not be using the second tranche of its $700 million debtor-in-possession (DIP) term loan in the second quarter of the year, due to stronger than expected development of the airline’s liquidity, the airline said on Monday. SAS may, depending on the development of its liquidity, continue discussions with Apollo regarding…
LONDON (Reuters) – Earnings season gets into full swing, while the first snapshot of business activity in April could provide a sense of how much pain the turmoil in the banking sector has inflicted on the world economy. China and Britain release key economic data and officials from the Group of Seven nations talk climate…
BERLIN (Reuters) – Production in Germany’s engineering sector rose by 3.2% in the first two months of 2023 compared with the same months last year as supply chain bottlenecks eased considerably, the VDMA engineering association said on Monday. Despite a solid start to the year, VDMA stuck to its full-year forecast for a 2% drop…
By Balazs Koranyi WASHINGTON (Reuters) -Three women are seen as the top contenders to become the European Central Bank’s new supervisory chief, with Germany’s Claudia Buch considered the clear favorite, conversations with a dozen sources with direct knowledge indicate. The ECB oversees just over a hundred of the euro zone’s biggest banks and needs to…
