WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen said on Friday the Biden administration’s economic agenda will not only expand the productive capacity of the U.S. economy, but can propel faster growth by reducing economic and racial disparities. In remarks to a Stanford University economics conference, Yellen provided more details on the approach she has…
WARSAW (Reuters) – There is no risk that the Polish zloty will remain weak in the long-term, Poland’s prime minister said on Friday, adding the government was working on measures that would support the country’s economy, which was hit after the Russian invasion of Ukraine. The Polish currency has been under pressure since Russia began…
By Elizabeth Culliford (Reuters) – Russia is blocking Meta Platforms Inc’s Facebook, the country’s communications regulator said on Friday, in response to what it said were restrictions on access to Russian media on the platform. The regulator, Roskomnadzor, said there had been 26 cases of discrimination against Russian media by Facebook since October 2020, with…
MILAN (Reuters) – Italy’s biggest bank Intesa Sanpaolo said it was determined to support customers of its Ukrainian subsidiary Pravex Bank and was opening branches in the country to provide essential services whenever it was safe to do so. With 780 staff and around 45 branches, Intesa is the only Italian bank operating in Ukraine….
By Nadine Schimroszik and Christoph Steitz POTSDAM, Germany (Reuters) -Tesla received a conditional go-ahead for its German gigafactory near Berlin on Friday, the state of Brandenburg said, ending months of delay for the 5 billion euro ($5.5 billion) landmark plant. The gigafactory, which is key to Tesla CEO Elon Musk’s ambitions to vanquish European market…
(Reuters) -Russian lender TCS Group Holding on Friday said it was benefitting from increased liquidity as volatility and outflows hit its sanctioned rivals, and that central bank efforts to support the embattled sector were bearing results. Major banks have been excluded from the SWIFT global messaging network, making it hard for lenders and companies to…
(Removes paragraph on reverse Yankees which included incorrect reference to Boston Scientific) By Yoruk Bahceli (Reuters) -Companies returned to Europe’s corporate bond market to issue debt on Thursday after it remained frozen for a week following Russia’s invasion of Ukraine. U.S. medical device company Boston Scientific American launched three, six, nine and 12-year bonds for…
(Reuters) – Wall Street’s main indexes opened lower on Friday as concerns over the intensifying conflict in Ukraine overshadowed data that showed an acceleration in jobs growth last month. The Dow Jones Industrial Average fell 139.23 points, or 0.41%, at the open to 33,655.43. The S&P 500 opened lower by 21.37 points, or 0.49%, at…
BERLIN (Reuters) – Tesla has received a conditional license to begin production at its electric vehicle (EV) factory and adjacent battery plant in Gruenheide, Germany, the local environmental ministry in Brandenburg said on Friday. The factory, which Tesla has begun constructing under pre-approval permits, is set to produce over 500,000 battery-electric vehicles a year, while…
NEW YORK (Reuters) – U.S. employers hired far more workers than expected in February, pushing the labor market closer to maximum employment, but rising headwinds from geopolitical tensions could hurt business confidence and slow job growth in the months ahead. The Labor Department’s closely watched employment report’s survey of establishments on Friday showed nonfarm payrolls…
