Business
ECB can cut rates and should rethink how it sets policy, Wunsch says
FRANKFURT (Reuters) - The European Central Bank can press ahead with interest rate cuts this year but needs to rethink how it forecasts inflation and sets policy based on these projections, Belgian policymaker Pierre Wunsch said on Wednesday. The ...
Brazil auto sales, production jump in April
SAO PAULO (Reuters) - Brazil's automakers' association Anfavea said on Wednesday that sales of new vehicles in the country rose 17.6% in April from the previous month to 220,842 units. Auto production in the month totalled 222,115 vehicles, up ...
Mercedes rejects claims it prevented unionising at US plant
BERLIN (Reuters) - German premium carmaker Mercedes-Benz on Wednesday rejected claims that it has been trying to prevent the formation of a union at its Alabama plant. The group "respects the decision of the employees to establish a trade union ...
Explainer-Ukraine races against the clock to secure debt restructuring
By Karin Strohecker LONDON (Reuters) - Ukraine is pushing to secure a debt restructuring before a two-year payment freeze agreed by holders of its $20 billion of outstanding international bonds expires at the end of August. Russia's full-scale ...
Wells Fargo names Fernando Rivas as co-CEO of corporate and investment banking
(Reuters) - Wells Fargo on Wednesday named Fernando Rivas as the co-CEO of corporate and investment banking (CIB). (Reporting by Manya Saini in Bengaluru; Editing by Krishna Chandra Eluri)
Demand for more laundry service options in St. John's leads owner of Avalon Cleaning and Restoration to open largest laundromat in Newfoundland
Three years ago, people started coming to Rick Porter with a very specific problem: washing machines. “Whether it be, their machine broke down or they're waiting on parts,” said Porter, who is the owner of Avalon Cleaning and Restoration. “There were ...
What lies beneath: N.L. town, company elated about prospects of salt mine in the works for St. George’s
He’s the town’s mayor these days, but Conrad White remembers people mentioning a salt deposit in and around St. George’s when he was a kid. Decades ago, an oil company reportedly drilled in the area in search of oil but left after finding only salt ...
SpaceX's unit Starlink secures Indonesia operating permit
JAKARTA (Reuters) - The satellite unit of Elon Musk's SpaceX, Starlink, has secured a permit to operate in Indonesia, its communications minister told Reuters on Wednesday. Starlink had obtained a permit to operate as an internet service ...
Poland says it was targeted by hacking attack from Russia-linked group APT28
WARSAW (Reuters) - Poland was targeted by a hacking attack from Russia-linked group APT28 this week, the state-run National Research Institute (NASK) said on Wednesday. (Reporting by Alan Charlish, Pawel Florkiewicz)
Intel flags revenue hit as U.S. revokes certain export licenses to Chinese customer
(Reuters) - Chipmaker Intel said on Wednesday the U.S. Department of Commerce was revoking certain export licenses for its consumer-related items to a customer in China, a move that would impact its second-quarter revenue. Intel did not disclose ...
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Explainer-Shell's Singapore refinery sale and its market significance
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