MEXICO CITY (Reuters) – U.S. Energy Secretary Jennifer Granholm will travel to Mexico this week for talks, with the government’s planned overhaul of the Mexican electricity market potentially on the agenda, President Andres Manuel Lopez Obrador said on Monday. The United States has voiced concerns about an initiative championed by Lopez Obrador which aims to…
By Julie Gordon OTTAWA, Jan 17 (Reuters) – Canadian firms see labor shortages intensifying and wage pressure increasing, with strong demand growth and supply chain constraints putting upward pressure on prices, a regular Bank of Canada survey said on Monday. The central bank’s Business Outlook Survey Indicator reached its highest level on record in the…
By Pushkala Aripaka, Keith Weir and Pamela Barbaglia (Reuters) -Unilever signalled on Monday it would pursue a deal for GSK’s consumer healthcare arm, calling it a “strong strategic fit”, but its shares fell more than 8%, highlighting investors’ doubts about its 50-billion-pound ($68.4 billion) offer. GlaxoSmithKline confirmed over the weekend that it had rejected nL1N2TV079…
By Jesús Aguado MADRID (Reuters) – Spain moved on Monday to regulate rampant advertising of crypto assets, including by social media influencers, tasking the stock market supervisor with authorising mass campaigns and making sure investors are aware of risks. The rapid growth of cryptocurrencies and digital assets pegged to traditional currencies has drawn attention from…
By Elizabeth Howcroft LONDON (Reuters) -European shares recovered from Friday’s losses on Monday as investors focused on company earnings and U.S. Federal Reserve policymakers entered a quiet period ahead of their meeting next week. Stock market moves in Asian trading were small and economic data from China was mixed: industrial output picking up but retail…
By Anshuman Daga and Oliver Hirt SINGAPORE/ZURICH (Reuters) – Credit Suisse will stick to its strategic overhaul despite the abrupt departure of its mastermind Antonio Horta-Osorio following an internal probe into his personal conduct, including breaches of COVID-19 rules, the bank’s new chairman said on Monday. Horta-Osorio leaves less than nine months after he joined…
By Andreas Rinke and Belén Carreño MADRID/BERLIN (Reuters) – German Chancellor Olaf Scholz and Spanish Prime Minister Pedro Sanchez will seek consensus during talks in Madrid on Monday over more left-leaning policies for Europe on areas ranging from fiscal policy to migration. The visit of Scholz, who took over from conservative chancellor Angela Merkel last…
By Gilles Guillaume and Dominique Vidalon PARIS (Reuters) -A solid performance by Renault’s higher-value brands helped soften an overall drop in annual worldwide group sales at the French carmaker, as its focus on more profitable models pays off. Renault’s worldwide group sales fell for the third year in a row in 2021, due notably to…
ISTANBUL (Reuters) – Turkey’s Halkbank shares climbed more than 8% on Monday after a U.S. appeals court put its prosecution by the federal government, for allegedly helping Iran evade American sanctions, on hold while the bank appeals to the U.S. Supreme Court. Halkbank shares were 8.5% higher at 5.59 lira at 0727 GMT. “The Bank…
By Emma Farge GENEVA (Reuters) – The global job market will taker longer to recover than previously thought, with unemployment levels set to remain above pre-COVID-19 levels until at least 2023 due to uncertainty about the pandemic’s course and duration, the International Labour Organization said in a report on Monday. The U.N. agency estimates the…
