Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Fed’s Waller: If inflation doesn’t go away, we need to raise rates a lot higher
(Reuters) - The Federal Reserve needs to move interest rates much higher and soon if high inflation does not begin to subside, Fed Governor Christopher Waller said on Monday. "If inflation doesn't go ...
May 30, 2022
Soccer-Abramovich completes sale of Chelsea to Boehly-led consortium
(Reuters) - Roman Abramovich has completed the sale of Chelsea and related companies to an investment group led by Todd Boehly and Clearlake Capital, the Premier League club said on Monday. The consor...
May 30, 2022
Fed’s Waller supports 50 bps rate hikes for ‘several’ meetings
(Reuters) - The U.S. Federal Reserve should raise interest rates by a half percentage point each time at more than its next two meetings, Fed Governor Christopher Waller said on Monday, underscoring t...
May 30, 2022
Nestle CEO does not see ‘significant’ baby formula shortages outside U.S.
ZURICH (Reuters) - Nestle does not expect "significant infant formula shortages" in other markets the Swiss food maker serves outside the United States, Chief Executive Mark Schneider said in an inter...
May 30, 2022
German inflation at highest level in nearly half a century
BERLIN (Reuters) -German inflation reached its highest level in nearly half a century in May, a result of energy and food prices that have only gone higher and higher since the start of the war in Ukr...
May 30, 2022
Brazil’s Embraer aims for growth in 2023-2026 after pandemic recovery
SAO JOSE DOS CAMPOS, Brazil (Reuters) -Brazilian planemaker Embraer SA expects a recovery in 2021-2022 while aiming for growth in 2023-2026, CEO Francisco Gomes Neto said on Monday. The outlook comes ...
May 30, 2022
Japan govt drops timeframe for budget balancing target
By Yoshifumi Takemoto and Tetsushi Kajimoto TOKYO (Reuters) - Japan's government made no mention of a timeframe for balancing the primary budget in its draft mid-year annual long-term economic policy ...
May 30, 2022
Insurance rates jump for Ukraine war-exposed business, sources say
LONDON (Reuters) - Insurance premiums are doubling or more for some aviation and marine business particularly exposed to the war in Ukraine, increasing costs for airline and shipping firms, industry s...
May 30, 2022
China uses digital yuan to stimulate virus-hit consumption
SHANGHAI (Reuters) - China is using the digital yuan to stimulate consumption in its pandemic-hit economy, with more e-CNY applications expected in future to boost transparency and effectiveness of go...
May 30, 2022
Bitcoin lures inflation-weary Argentines despite crypto crash
By Hernan Nessi and Agustin Geist BUENOS AIRES (Reuters) - In the Crypstation cafe in downtown Buenos Aires, trendy young Argentines order their lattes and pastries surrounded by screens with real-tim...
May 30, 2022
