Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Turkish unemployment rises to 11.3% in April
ISTANBUL (Reuters) - Turkey's unemployment rate rose to 11.3% in April, while a seasonally adjusted measure of labour underutilisation fell 10 percentage points to 21.7%, data showed on Friday. The la...
Jun 10, 2022
Timeline- Turkey caught in a spiral of lira crises
By Karin Strohecker (Reuters) - Turkey's lira has lost nearly a quarter of its value this year as soaring inflation and the central bank's reluctance to raise interest rates stoke fears of another cur...
Jun 10, 2022
European shares slip ahead of U.S. inflation data
(Reuters) - European shares on Friday extended losses to a fourth consecutive session, ahead of U.S. inflation data that could spur more speculation about the Federal Reserve's policy decision next we...
Jun 10, 2022
Analysis: China’s regulatory thaw leaves investors eager yet uneasy
SHANGHAI/HONG KONG (Reuters) - As Chinese authorities signal that a two-year crackdown on the domestic technology sector is over, global investors are relieved and yet loath to take the government at ...
Jun 10, 2022
Thailand to go slow with rate hikes as pandemic drag lingers
By Orathai Sriring and Satawasin Staporncharnchai BANGKOK (Reuters) - A shift by Thailand's central bank to a more hawkish footing this week stunned markets and appeared to finally end policymakers' t...
Jun 10, 2022
Gap between U.S. and European equity flows deepens-BofA
LONDON (Reuters) - Investors continued to pull out money from European equity funds while adding exposure to U.S. stocks as global markets recovered from the lows hit at the end of May, BofA said on F...
Jun 10, 2022
Chinese EV maker Nio to make self-developed battery packs from 2024
SHANGHAI (Reuters) - Chinese electric-car maker Nio said that in 2024 it will start making high-voltage battery packs that it has developed itself, as part of a drive to improve profitability and comp...
Jun 10, 2022
Bundesbank halves 2022 growth forecast, doubles inflation projection for Germany
FRANKFURT (Reuters) - The Bundesbank cut its growth projections for the German economy on Friday and predicted sharply higher inflation, as soaring food and fuel prices sap households' purchasing powe...
Jun 10, 2022
Russia forecasts car sales to halve in 2022 – ministry
(Reuters) - Russia's Industry Ministry expects car sales to halve in 2022 as the country's automobile industry grapples with supply issues, a senior official said. "We saw a sharp fall (in car sales) ...
Jun 10, 2022
Citibank expects Swiss central bank to raise interest rates next week
LONDON (Reuters) - Citibank says it expects the Swiss National Bank to hike its key rate by 25 basis points when it meets next week. Swiss inflation rose in May by the most in nearly 14 years and some...
Jun 10, 2022
