(In Aug 15 story, corrects typo in firm name in paragraph 10 to “+” from…
Category: Economy
Investment giant Sixth Street inks $5.1 billion take-private purchase of Enstar
(Reuters) -Investment firm Sixth Street will acquire Enstar for $5.1 billion, in a deal backed…
Bank of Canada: economy can add jobs and growth even as inflation slows
OTTAWA, June 24 (Reuters) – There is enough slack in the Canadian labor market to…
China state-owned banks sold dollars as yuan fell to near seven-month low, sources say
SHANGHAI/BEIJING (Reuters) – China’s major state-owned banks were seen selling dollars for yuan in the…
Economy
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Gold dips as traders await US inflation data for Fed rate cut cues
By Rahul Paswan (Reuters) – Gold prices fell 1% on Monday on profit-taking, as investors…
Economy
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Earnings bolster US stocks but crucial inflation report looms
By Lewis Krauskopf NEW YORK (Reuters) – A strong earnings season and blockbuster reports from…
Economy
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Green steel needs tiered incentives to become reality in Asia: Russell
By Clyde Russell SINGAPORE (Reuters) -It’s time for a reality check about decarbonising Asia’s vast…
Economy
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China May Day holiday spending shows mixed picture on post-COVID recovery
By Sophie Yu and Casey Hall BEIJING (Reuters) -Domestic travellers spent 166.9 billion yuan ($23.13…
Cummins revenue misses estimates as truck demand stays on slow lane
(Reuters) – U.S. truck engine maker Cummins Inc missed Wall Street estimates for first-quarter sales…
Economy
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Powell’s ‘restrictive’ emphasis maximizes Fed flexibility: McGeever
By Jamie McGeever ORLANDO, Florida (Reuters) -Central bankers choose their words carefully, so recent comments…