News
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Santander integrates Openbank, Santander Consumer Finance into single entity in Europe
MADRID, Oct 15 (Reuters) - Spain's Santander SAN.MC announced on Wednesday the integration of its digital lender Openbank and Santander Consumer Finance (SCF) into a single entity that will gradually operate its European consumer finance businesses under Openbank.Germany will be the first market...Reuters
Wed, Oct 15
Vietnam Communist Party targets faster growth for next five years amid challenges
HANOI, Oct 15 (Reuters) - Vietnam's ruling Communist Party is targeting faster annual economic growth over the next five years, despite potentially "severe" economic challenges, according to a draft document prepared for its upcoming congress.The party expects the country's economy t...Reuters
Wed, Oct 15
FACTBOX-What to watch for at China's Communist Party's plenum
BEIJING, Oct 15 (Reuters) - China's Communist Party leadership will begin a four-day, closed-door meeting on Monday to chart the country's economic policy for the next five years, seeking to sustain its ascent at a time of mounting trade tensions with the U.S.Beijing is likely to release an ...Reuters
Wed, Oct 15
Global EV sales hit record 2.1 million in September, research firm says
By Jesus Calero Oct 15 (Reuters) - Global sales of fully electric and plug-in hybrid vehicles rose 26% in September from a year ago to a record 2.1 million units, driven by strong demand in China and a late U.S. tax-credit rush, market research firm Rho Motion said on Wednesday.China accounted f...Reuters
Wed, Oct 15
Vietnam targets annual growth of at least 10% for 2026-2030
HANOI, Oct 15 (Reuters) - Vietnam is targeting annual gross domestic product growth of at least 10% over the 2026-2030 period, a document prepared by the country's ruling Communist Party for its upcoming five-year congress showed on Wednesday. It is also aiming to bring GDP per capita up to $8,5...Reuters
Wed, Oct 15
Data darkness in US spreads a global shadow
Lack of US data a concern abroad as well as in USShutdown seen as symptomatic of larger issuesWorld Bank, IMF cite loss of institutional trust as a downside riskBy Leika Kihara and Howard SchneiderTOKYO/WASHINGTON, Oct 15 (Reuters) - The U.S. government shutdown that has turned off the official flow...Reuters
Wed, Oct 15
PRESS DIGEST- New York Times business news - October 15
Oct 15 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.- Stellantis STLAM.MI, the carmaker that owns Chrysler, Fiat, Jeep and Ram said that it would spend $13 billion over the next four y...Reuters
Wed, Oct 15
FACTBOX-US holiday sales growth to be muted this year, forecasts show
Oct 15 (Reuters) - U.S. retailers are bracing for a subdued holiday shopping season this year as the economic fallout from President Donald Trump's erratic trade policies leaves shoppers more cautious about buying extravagant gifts.The holiday selling season spans over three months from November...Reuters
Wed, Oct 15
PRESS DIGEST- Financial Times - October 15
Oct 15 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.Headlines- UK and US impose sanctions on alleged Cambodian 'cyber-scam' network- UK risks higher inflation becoming entrenched, IMF warns-...Reuters
Wed, Oct 15
China’s September Core CPI Hits 1% for First Time in 19 Months, PPI Deflation Eases
TradingKey - Although China’s September CPI and PPI remained in negative year-on-year territory, the latest inflation data shows encouraging signs that efforts to combat deflation are gaining traction. Core CPI rose 1.0% YoY — the first time in 19 months it has reached the 1% threshold — while the
TradingKey
Wed, Oct 15
Pfizer CEO says US pharma industry needs to collaborate with China
By Michael Erman NEW YORK, Oct 14 (Reuters) - Pfizer Chief Executive Albert Bourla said on Tuesday that the U.S. pharmaceutical industry needs to collaborate with China’s, where speedy processes have vaulted it to 30% of global drug development over the past decade. "In biopharma, China&#...Reuters
Wed, Oct 15
