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Bundesbank's Nagel: steps needed to stop German economy from getting worse

WASHINGTON (Reuters) - Germany is not facing a deep economic contraction, but steps need to be taken to prevent things from getting worse, said Bundesbank President Joachim Nagel in Washington on

Reuters

Fri, Oct 25

Intel to invest more than $28 billion to build two chip factories in Ohio

(Reuters) -Intel said on Friday it would invest more than $28 billion to construct two new chip factories in Licking County, Ohio, as the company pushes ahead with plans to expand its foundry business

Reuters

Fri, Oct 25

McDonald's E. coli crisis reveals why vegetable contamination is harder problem than beef

By Waylon Cunningham (Reuters) - Moves by major U.S. fast-food chains to temporarily scrub fresh onions off their menus on Thursday, after the vegetable was named as the likely source of an E. coli

Reuters

Fri, Oct 25

EU, China agree to more talks on potential alternatives to EV tariffs

BRUSSELS (Reuters) -The European Union and China have agreed to hold further technical negotiations soon on possible alternatives to tariffs on China-built electric vehicles, the European Commission

Reuters

Fri, Oct 25

US court blocks Tapestry's $8.5 billion acquisition of rival Capri

By Siddharth Cavale NEW YORK (Reuters) - A U.S. judge blocked the pending $8.5 billion merger of U.S. handbag and accessories maker Tapestry and Capri on Thursday, a victory for the Federal Trade

Reuters

Fri, Oct 25

Russia's Nabiullina on raising rates to 21%

MOSCOW (Reuters) -Russian Central Bank Governor Elvira Nabiullina and her deputy Alexei Zabotkin addressed a news conference on Friday after the central bank hiked its key rate to 21%, the highest

Reuters

Fri, Oct 25

China state fund's unit boosts ETF holdings by $38.3 billion in Q3, state media says

BEIJING (Reuters) - Chinese sovereign fund Central Huijin Investment's asset management unit has boosted its holdings in four exchange-traded funds (ETFs) by over 270 billion yuan in the third quarter

Reuters

Fri, Oct 25

China's Great Wall to expand Russia car production in 2025, Russian papers report

(Reuters) - Chinese carmaker Great Wall Motors is expanding the capacity of its assembly line in Russia to 200,000 cars from next year, seeking to expand its share of Russia's recovering car market,

Reuters

Fri, Oct 25

World Bank gears up to launch debut debt-for-development swap, treasurer says

By Karin Strohecker WASHINGTON (Reuters) - The World Bank will launch its first ever debt-for-development swap within weeks, its Vice President and Treasurer Jorge Familiar told Reuters, as the

Reuters

Fri, Oct 25

India, China begin implementing new border pact, ending Himalayan face-off

By Krishn Kaushik and Mei Mei Chu NEW DELHI/BEIJING (Reuters) -India and China have begun implementing an agreement to end a military standoff on their disputed Himalayan border, the two sides said on

Reuters

Fri, Oct 25

Mercedes to step up cost cuts after earnings halve

By Andrey Sychev (Reuters) -Mercedes-Benz will step up cost cuts after earnings halved in the third quarter hit by tepid demand and fierce competition in China, it said on Friday. The luxury carmaker

Reuters

Fri, Oct 25

Fearing China's hypersonic weapons, US Navy seeks to arm ships with Patriot missiles

By Mike Stone and Gerry Doyle WASHINGTON/SINGAPORE (Reuters) - Fearing China will deploy hypersonic weapons to sink ships in the Pacific, the U.S. Navy is moving forward with a plan to arm some of its

Reuters

Fri, Oct 25

Clear Street poaches metals traders from LME floor trader Sigma, sources

By Pratima Desai and Julian Luk LONDON (Reuters) - U.S. broker Clear Street, which is seeking membership of the London Metal Exchange's (LME) open outcry trading floor, has poached three metal traders

Reuters

Fri, Oct 25

Barclays wins bid to slash UK investors' $727 million 'dark pool' lawsuit

LONDON (Reuters) - Barclays on Friday won its bid to more than halve a shareholders' lawsuit worth up to 560 million pounds ($727 million) at London's High Court for allegedly misleading the market

Reuters

Fri, Oct 25

Colgate-Palmolive lifts lower end of 2024 results forecast on steady demand

(Reuters) - Toothpaste maker Colgate-Palmolive raised the lower end of its annual sales and profit forecasts on Friday, after beating third-quarter estimates on resilient demand for its high-priced

Reuters

Fri, Oct 25

Romanian firms wary of post-election shock therapy to cut budget deficit

By Luiza Ilie BUCHAREST (Reuters) - Romania's largest employer association says a widening budget deficit is siphoning money away from the real economy, while some companies are postponing investment

Reuters

Fri, Oct 25

US money market funds see large inflows as election nears

(Reuters) - U.S. money market funds attracted substantial inflows in the week to Oct. 23 as uncertainty over the U.S. presidential election and a reassessment of Federal Reserve rate outlook boosted

Reuters

Fri, Oct 25

Broadcaster Al-Mayadeen says cameraman killed in Israeli strike on southern Lebanon

(Reuters) - Al-Mayadeen, a pro-Iranian broadcaster, said early on Friday that an Israeli strike on Hasbaya in southern Lebanon killed one of its cameramen. Lebanon's state news agency said three

Reuters

Fri, Oct 25

Beijing gets new Catholic bishop, days after Vatican-China deal renewal

By Joshua McElwee VATICAN CITY (Reuters) - A new assistant Catholic bishop for Beijing was ordained on Friday, three days after the Vatican and Chinese officials extended an accord on appointments in

Reuters

Fri, Oct 25

New US tariffs could prompt Signify to move some production from China, CEO says

By Toby Sterling AMSTERDAM (Reuters) - Lighting maker Signify is considering moving some of its production out of China if the company is confronted with a new round of U.S. tariffs, its chief

Reuters

Fri, Oct 25

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