By Lewis Krauskopf NEW YORK (Reuters) -Wild swings in stocks and a sharp run-up in government bond yields are putting the spotlight on next week’s U.S. inflation data, as investors brace for more volatility across assets. A turbulent week in markets ended with a surge in Treasury yields to their highest level in more than…
By Toby Sterling and Bart H. Meijer AMSTERDAM (Reuters) – Klaas Knot, the Dutch central bank president and a member of the European Central Bank’s Governing Council, said on Sunday he expects the ECB to raise interest rates in the fourth quarter of this year. In an interview on Dutch television programme Buitenhof, Knot, known…
BERLIN (Reuters) – Volkswagen does not expect the global shortage of semiconductors to end this year although it should further ease slightly in the second half, a board member was quoted as saying by industry magazine Automobilwoche. “The volatile situation will affect us at least beyond the first half of this year,” Murat Aksel, the…
BERLIN (Reuters) – Luxury carmaker Porsche AG expects another record year for sales despite the global semiconductor chip shortage, its sales chief was quoted as saying by industry magazine Automobilwoche. “When I look at the current orders, I’m confident for 2022. Growth in sales could reach a similarly high level this year as in 2021,”…
TAIPEI (Reuters) – Taiwan’s GlobalWafers Co Ltd said on Sunday that funds for a failed 4.35-billion-euro ($4.98 billion) takeover of German chip supplier Siltronic would go into capacity expansion instead. GlobalWafers said in a statement it expected total capital expenditure to reach T$100 billion ($3.6 billion) between 2022 and 2024, including “substantial greenfield investments”. “While…
(Reuters) – NBC’s full-day coverage of the opening ceremony for the Beijing Olympic Games averaged close to 14 million U.S. television viewers, according to preliminary data provided by Comcast-owned NBCUniversal on Saturday. Across all platforms, including NBCOlympics.com and the NBC Sports app, the average audience reached nearly 16 million people, the company said in an…
By Giuseppe Fonte ROME (Reuters) – Italy’s Monte dei Paschi di Siena (MPS) could name a new chief executive as early as Monday after the state-owned bank’s nomination committee proposed the former head of Poland’s Bank Pekao for the job, sources said. Veteran Italian banker Luigi Lovaglio, 66, was picked by the committee on Friday…
By Deisy Buitrago CARACAS (Reuters) – A Venezuelan appeals court has upheld long prison terms on corruption charges for six former executives of oil refiner Citgo, a U.S. subsidiary of Venezuelan oil company PDVSA, the country’s top court said. The Supreme Court of Justice did not offer details late on Friday about the ruling on…
SHANGHAI (Reuters) – A U.S. extension of tariffs on solar products distorts international trade and hinders the development of clean, low-emission energy, China’s commerce ministry said on Saturday. President Joe Biden on Friday extended tariffs on imported solar energy equipment for four years, though he eased the terms to exclude bifacial panels that generate power…
By Nandita Bose WASHINGTON (Reuters) – U.S. President Joe Biden will sign an executive order on Friday requiring “project labor agreements” in federal construction projects over $35 million, a potential boost to workers and unions that negotiate these deals, and a shift the administration says will speed up building times. The order will apply to…
