By Nevzat Devranoglu and Daren Butler ANKARA (Reuters) – Turkey’s lira slid as much as 4% on Tuesday in further volatile trade after tumbling to all-time lows a day earlier on concerns over President Tayyip Erdogan’s risky new economic policy and prospects for another interest rate cut this week. The ailing currency, which has lost …
Turkish lira slides again after rollercoaster ride to record low Read More »
BRUSSELS (Reuters) – Euro zone industrial production rose as expected in October, data showed on Tuesday, with capital and durable consumer goods up the most on the month and non-durable goods output in the lead year-on-year, amid continued economic recovery. The European Union’s statistics office Eurostat said industrial production in the 19 countries sharing the …
Euro zone production rises in Oct on capital, consumer goods Read More »
By Jane Lanhee Lee (Reuters) – Norwest Venture Partners, a Silicon Valley venture capital firm, on Tuesday said it was launching its 16th and biggest fund with $3 billion under management. “Valuations have gone up. Check sizes have gone up. I think it gives us the flexibility to participate in any stage and to support …
Silicon Valley venture capital Norwest launches $3 billion fund Read More »
BERLIN (Reuters) – German engineering association VDMA on Tuesday cut its 2021 production forecast as supply chain bottlenecks weighed on output in Europe’s biggest economy. VDMA revised down its production growth forecast for the year to 7% from its September estimate of 10%. Engineering orders rose by 34% in real terms in the first ten …
German engineering production grows less than expected in 2021 on supply woes Read More »
SYDNEY (Reuters) – A measure of Australian business conditions improved further in November as coronavirus restrictions were loosened in Sydney and Melbourne, with a notable pick up in employment auguring well for a rapid recovery in the economy as a whole. Tuesday’s survey from National Australia Bank (NAB) showed its index of business conditions rose …
Australian business conditions improve further in Nov as jobs rebound Read More »
By David Shepardson WASHINGTON (Reuters) -American Airlines Chief Executive Doug Parker will tell a U.S. Senate committee that $54 billion in COVID-19 U.S. government assistance “saved the airline industry,” according to testimony seen by Reuters. Parker is set to testify alongside the chief executives of Southwest Airlines and United Airlines on Wednesday. Delta’s chief of …
American Airlines CEO: U.S. COVID-19 aid ‘saved’ industry Read More »
NEW YORK (Reuters) -Morgan Stanley Chief Executive James Gorman believes the Federal Reserve may need to move more quickly on interest-rate rises, he said in an interview with CNBC on Monday. Investors are anticipating the U.S. central bank will say later this week it plans to wrap up its bond purchases sooner than expected. They …
Morgan Stanley CEO Gorman says Fed may need to move more quickly on rates Read More »
(Reuters) – Health insurance costs for employers rose the most in over a decade this year as Americans resumed non-urgent procedures delayed earlier due to the COVID-19 pandemic, according to a survey published on Monday. The survey by benefits company Mercer of firms that employ about 118 million people showed the average cost of employer-sponsored …
Employers’ health insurance costs surge in 2021 as elective procedures resume – survey Read More »
By Steve Scherer and David Ljunggren OTTAWA (Reuters) – The Bank of Canada on Monday unveiled an agreement with the federal government to keep its inflation target unchanged at 2%, adding that it would now take labor market factors into account as well, which could keep interest rates low for longer in times of crisis. …
Bank of Canada keeps 2% inflation target, adds labor market factors to mix Read More »
By Carolina Pulice (Reuters) – Brazilian President Jair Bolsonaro’s government has arranged more than 35 privatizations during its time in office. However, political pressures and lack of support from citizens and Congress have forced it to back down on its promises. Here are some key facts: INITIAL PLANS In April 2020, Privatization Secretary Salim Mattar …
Factbox-Bolsonaro government fails to deliver on privatizations Read More »
