BEIJING (Reuters) – China and Brazil agreed on Friday to set up a working group to pursue cooperation on semiconductors as the South American nation strengthens ties with Beijing in areas of sensitive technology. Brazilian President Luiz Inacio Lula da Silva met with Chinese leader Xi Jinping and their governments signed 15 agreements or MoUs …
Brazil paves way for semiconductor cooperation with China Read More »
(Reuters) – Contract drug manufacturer Catalent Inc on Friday warned that slow production at three of its facilities will impact its fiscal 2023 results and said CFO Thomas Castellano has stepped down, sending its shares down more than 20%. The company said it experienced “productivity issues” at its gene therapy manufacturing site in Harmans, Maryland …
Catalent flags problems at its manufacturing plants; CFO departs Read More »
By Lawrence White LONDON (Reuters) -HSBC’s planned sale of its French retail banking business to Cerberus-backed My Money Group could fail due to interest rate hikes in France that boosted the amount of capital the buyer will need, the British bank said on Friday. The potential failure of the deal would undo one of HSBC’s …
HSBC warns France sale in jeopardy over capital concerns Read More »
By Joe Bavier WASHINGTON (Reuters) -Africa is facing a severe financing squeeze that, on the back of a series of unprecedented shocks, is disrupting economic growth and endangering its long-term development, the International Monetary Fund’s (IMF) top official for the region said. Sub-Saharan Africa was only beginning to recover from the COVID-19 pandemic’s economic fallout …
Africa needs bilateral help to cope with major funding squeeze, IMF says Read More »
By Shristi Achar A (Reuters) – Canada’s main stock index rose on Friday, on course to gain for the fourth straight week, boosted by financials after upbeat U.S. big bank earnings, while a drop in gold prices drove down mining stocks. At 10:13 a.m. ET (1413 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was …
Toronto shares rise as financials gain on upbeat U.S. bank results Read More »
WASHINGTON (Reuters) – U.S. business inventories rose moderately in February, suggesting that inventory investment could subtract from economic growth in the first quarter. Business inventories increased 0.2% after falling 0.2% in January, the Commerce Department said on Friday. Economists polled by Reuters had expected inventories, a key component of gross domestic product, to rise 0.3%. …
US business inventories rise moderately in February Read More »
(Reuters) -Digital media conglomerate Starboard said on Friday it has bought Parler for an undisclosed sum and will temporarily shut down the social media app popular with U.S. conservatives to give itself time to roll out a revamped version of the platform. The move comes months after the collapse of a deal that would have …
Conglomerate Starboard buys Parler, to shut down social media app temporarily Read More »
VIENNA (Reuters) -Russian gas group Gazprom’s Austrian business has filed for insolvency and hopes to restructure, a lawyer for the company said on Friday, blaming a halt to Russian gas deliveries that he said resulted from a dispute with Germany’s Uniper. The German utility said in November it had launched an arbitration process in pursuit …
Gazprom’s Austrian business files for insolvency over Uniper dispute Read More »
(This April 13 story has been corrected to fix the year of the last dollar bond issuance to 2022, not 2019) By Joe Bavier and Jorgelina do Rosario WASHINGTON (Reuters) – Angola’s next sovereign debt issuance will be an ESG bond of up to $1 billion, its finance minister told Reuters on Thursday, but she …
Angola’s next debt issuance to be ESG bond, but not in 2023 Read More »
WASHINGTON (Reuters) – U.S. consumer sentiment inched up in April, but households expected inflation to rise over the next 12 months. The University of Michigan’s preliminary April reading on the overall index of consumer sentiment came in at 63.5, up from 62.0 in the prior month. Economists polled by Reuters had forecast a preliminary reading …
US consumer sentiment edges up in April; short-term inflation expectations rise Read More »
