ECB May Kick Off Development Of Digital Euro By End-2023, Panetta Says
FRANKFURT (Reuters) – The European Central Bank may kick off the development of its digital euro, an electronic version of…
European Shares Fall After China Data Adds To Growth Woes
LONDON (Reuters) – European stock indexes opened lower on Monday, after oil prices slid and riskier currencies took a hit…
Adani To Become India’s No. 2 Cement Maker With $10.5 Billion Holcim Deal
(Reuters) -Billionaire Gautam Adani’s conglomerate plans to buy Switzerland-based Holcim AG’s cement businesses in India for $10.5 billion, becoming the…
Snowless Davos Readies New Face For World Economic Forum Meeting
By Michael Shields DAVOS, Switzerland (Reuters) – Movers and shakers arriving for the annual meeting of the World Economic Forum…
Pay Growth Momentum Slowing Among UK Employers – Survey
LONDON (Reuters) – British employers expect to raise staff pay by 3%, a big increase by normal standards but far…
China’s Economy Skids As Lockdowns Hit Factories, Retailers
By Kevin Yao and Ellen Zhang BEIJING (Reuters) -China’s retail and factory activity fell sharply in April as wide COVID-19…
Official: China’s economy reviving as anti-virus curbs ease
BEIJING (AP) — China’s factory and consumer activity fell even more than expected in April under anti-virus controls, official data…
Renault Sells Stake In Russia’s Avtovaz, With Buyback Option
(Reuters) -Renault will sell its majority stake in carmaker Avtovaz to a Russian science institute, the French carmaker said on…
Ryanair Posts $369 Million Annual Loss, Eyes Return To ‘reasonable Profitability’
DUBLIN (Reuters) – Ryanair on Monday posted a 355 million euro ($369.06 million) loss for the pandemic-hit 12 months to…
China April Property Sales Post Steepest Drop Since 2010
By Liangping Gao and Clare Jim BEIJING/HONG KONG (Reuters) – China’s property sales in April fell at their fastest pace…