By Karolina Tagaris and Renee Maltezou ATHENS (Reuters) – After years in which Greece was almost as well known for its financial woes as it was for its beaches, recent deals have highlighted a small but thriving startup scene that has grown up since the crisis. JP Morgan’s acquisition of a minority stake in fintech …
Greece’s fledgling tech scene starts to take off Read More »
By Mehr Bedi (Reuters) – A nearly three-month long labor strike at Kellogg’s U.S. cereal plants is expected to dent profit margins already under pressure from steep costs driven by global supply logjams. The strike kicked off in October at four U.S. plants that produce Froot Loops, Corn Flakes and other cereal brands, constraining the …
Kellogg’s labor strike to eat into margins as supply woes mount Read More »
By Caroline Valetkevitch NEW YORK (Reuters) – The negative impact of currency fluctuations on North American companies’ third-quarter 2021 results fell from the quarter before and was at the lowest level since the first quarter of 2018, data from treasury and financial management firm Kyriba showed on Wednesday. The collective exchange rate hit, including on …
Currency hit to North American companies in Q3 lowest since 2018 Read More »
By David Shepardson WASHINGTON (Reuters) – Tesla Inc is recalling 26,681 vehicles in the United States because a software error may result in windshield defrosting problems, the National Highway Traffic Safety Administration (NHTSA) said Wednesday. Tesla told U.S. regulators the error may cause a valve in the heat pump to open unintentionally and trap the …
Tesla recalls 26,681 U.S. vehicles over windshield defrosting software Read More »
By Howard Schneider (Reuters) – The U.S. Federal Reserve, responding to a Freedom of Information Act request by Reuters, said there are about 60 pages of correspondence between its ethics officials and policymakers regarding financial transactions conducted during the pandemic year 2020. But it “denied in full” to release the documents, citing exemptions under the information act that it …
Fed denies release of correspondence on pandemic trades made by policymakers Read More »
By Fergal Smith TORONTO (Reuters) – As the Bank of Canada prepares to shrink its bloated balance sheet, investors say the move could enable expected interest rate hikes to have more far-reaching impact on economic activity. Canada’s central bank, unlike the U.S. Federal Reserve, has never previously attempted to shrink its balance sheet, a process …
Analysis-Investors eye uncharted waters as quantitative tightening looms in Canada Read More »
STOCKHOLM (Reuters) – Swedish banking group Handelsbanken reported record results on Wednesday as rising income, lower loan losses and measures to curb costs lifted its fourth-quarter operating earnings. “The result for the quarter is the best in the 150-year history of the bank,” CEO Carina Akerstrom told a news conference. Operating earnings rose to 6.37 …
Handelsbanken reports record profit in fourth quarter Read More »
A look at the day ahead in markets from Dhara Ranasinghe. Having fretted about rising sovereign bond yields just a short time ago, world stock markets now appear to be taking the somewhat relentless rise in borrowing costs in their stride. Wall Street ended sharply higher on Tuesday and stock futures point to a positive …
By Dhara Ranasinghe, Saikat Chatterjee and Davide Barbuscia LONDON (Reuters) -Almost overnight, inflation-linked bonds have become the hot ticket in global financial markets, pitting banks against hedge funds in a battle for market share and scarce trading talent. The $4.4 trillion market for inflation-linked bonds, known as linkers, has shot to prominence as prices spiral …
Surging inflation spurs demand for once rare linker bonds Read More »
By David Shepardson WASHINGTON (Reuters) – A U.S. judge on Tuesday dismissed two charges against a former chief technical pilot for Boeing Co accused of deceiving federal regulators evaluating the company’s 737 MAX jet, but rejected a request to dismiss the other four counts. U.S. District Judge Reed O’Connor in Texas granted part of the …
U.S. judge dismisses two charges against former Boeing 737 MAX technical pilot Read More »
