By David Shepardson (Reuters) – General Motors Co, Ford Motor Co and Chrysler parent Stellantis NV said on Sunday they are reinstating a requirement that employees wear masks in southeastern Michigan where there are high levels of COVID-19. The Detroit Three automakers said in early March they would allow auto workers to stop wearing masks…
By Steve Scherer and Julie Gordon OTTAWA (Reuters) – The front-runner to head Canada’s Conservatives and likely challenger to Liberal Prime Minister Justin Trudeau is staging a rare series of attacks on the central bank as inflation soars, in a strategy to win party leadership that could hurt his chances in a general election. Since…
By Tom Sims FRANKFURT (Reuters) – Deutsche Bank is not financing a pipeline in Africa that environmental campaigners have said will displace thousands of families and disrupt nature reserves, a person with knowledge of the matter said on Sunday. Germany’s largest lender has come under pressure to clarify its stance on the financing of the…
By John Revill ZURICH (Reuters) -Swiss voters on Sunday looked set to back proposals to make global TV streaming services such as Netflix Inc Amazon and Disney invest some of their revenues generated in Switzerland into domestic film-making. Some 58% of voters backed the proposal, according to early projections by broadcaster SRF, in one of…
ZURICH (Reuters) – Swiss voters on Sunday looked set to back proposals to make global TV streaming services such as Netflix Inc Amazon and Disney invest some of their revenues generated in Switzerland into domestic film-making. Some 58% of voters backed the proposal, according to early projections by broadcaster SRF, in one of three national…
By Abhirup Roy and Aditya Kalra MUMBAI (Reuters) – India’s biggest retailer Reliance will acquire dozens of small grocery and non-food brands as it targets building its own $6.5 billion consumer goods business to challenge foreign giants like Unilever, two sources familiar with the plan told Reuters. Reliance, run by Indian billionaire Mukesh Ambani, plans…
BEIJING (Reuters) -Chinese financial authorities on Sunday allowed a further cut in mortgage loan interest rates for some home buyers, in another push to prop up its property market and revive a flagging engine of the world’s second-largest economy. For purchases of first homes, commercial banks can reduce the lower limit of interest rates on…
DUBAI (Reuters) – State-owned oil producer Saudi Aramco on Sunday reported an almost 82% rise in first-quarter net income, broadly in line with analyst forecasts, helped by strong oil prices. Aramco, which is at par with Apple Inc as the world’s most valuable companies, reported a net income of $39.5 billion for the quarter to…
(Reuters) – UniCredit SpA and Citigroup are exploring asset swaps with Russian financial institutions as western banks trying to avoid heavy writedowns as they exit Russia, the Financial Times said on Sunday. UniCredit has received several offers from Russian financial institutions to buy its local subsidiary since its chief executive, Andrea Orcel, said in March…
BEIJING (Reuters) – The International Monetary Fund said on Saturday it has increased the weighting of the dollar and Chinese yuan in its review of the currencies that make up the valuation of its Special Drawing Rights (SDR), an international reserve asset. The review is the first since the yuan, also known as the renminbi,…
