business

Dollar rises as China COVID worries spur safe-haven buying

The U.S. dollar was firmly higher against major currencies on Monday, as rising COVID-19 cases in China led to new…

3 years ago

Chinese carmakers target more European sales with five-star EVs

Chinese electric vehicle (EV) makers have set their sights on winning over European drivers and large corporate customers with more…

3 years ago

Europe rushes to fill up on Russian diesel before ban begins

European traders are rushing to fill tanks in the region with Russian diesel before an EU ban begins in February,…

3 years ago

Exclusive: Temasek considers sale of Advanced MedTech, likely valued at about $1 bln – sources

Temasek Holdings is exploring selling Advanced MedTech, multiple sources told Reuters on Monday, after the medical devices firm, fully-owned by…

3 years ago

Sri Lanka announces budget aimed at clinching IMF deal, sees recovery by end-2023

The crisis-hit Sri Lankan economy can turnaround by end of 2023 if budget policies, which are not limited to the…

3 years ago

Saudi wealth fund, BlackRock to jointly explore Mideast infrastructure projects

Saudi Arabia's sovereign wealth fund and BlackRock have signed an agreement to jointly explore infrastructure projects in the Middle East,…

3 years ago

Dollar edges up as Fed’s Waller cautions on inflation

The U.S. dollar steadied on Monday amid fading expectations of a less aggressive Federal Reserve interest rate hike after Governor…

3 years ago

FTX collapse being scrutinized by Bahamas authorities

The collapse of cryptocurrency exchange FTX is the subject of scrutiny from government investigators in the Bahamas, who are looking…

3 years ago

Apple supplier Foxconn adjusts production to avoid holiday blues

Apple Inc supplier Foxconn said on Thursday it expected smartphone revenue to fall this quarter and is adjusting production to…

3 years ago

Goldman Sachs promotes 80 people to elite partner rank

Goldman Sachs Group Inc promoted 80 bankers as partners of the storied Wall Street firm, up from 60 people in 2020,…

3 years ago