CAIRO, April 21 Reuters Egypt39;s economy will grow 5.3 in the fiscal year ending in June but the pace will ease to 5.2 in 202223 and 5.0 in 202324 as tourism falls and commodity prices and interest rates rise, a Reuters poll showed on Thursday. The planning ministry in November expected growth to reach 5.6 […]
SINGAPORE, April 25 Reuters Singapore39;s key consumer price gauge rose in March by its fastest pace in a decade, outpacing economist forecasts, driven by higher inflation for food and services, official data showed on Monday. The core inflation rate the central bank39;s favoured price measure rose to 2.9 in March on a yearonyear basis, the […]
Asda cuts the prices of over 100 essential items Asda to invest 73 mln stg to lower prices Morrisons cuts the prices of over 500 products A quarter of UK public struggling to pay bills LONDON, April 25 Reuters Asda and Morrisons said on Monday that they would cut the prices of essential items, ratchetingup […]
BERLIN, April 25 Reuters German commercial vehicle maker Traton39;s MAN unit restarted production from Monday after a sixweek gap caused by supply problems resulting from the war in Ukraine, the company said on Monday. Russia39;s invasion of Ukraine has led to a shortage of wire harnesses that bundle up to 5 km 3.1 miles of cables […]
April 25 Reuters A sharp drop in graphic chip prices could presage an unexpectedly quick ending to a global chip crunch that has crippled manufacturing from smartphones to cars, and the issue will be a central one for companies reporting results this week. As Intel, Qualcomm and others report, investors will weigh how dampened consumer spending […]
April 25 Reuters Buyout firm KKR Co Inc said on Monday it has raised 19 billion from investors for its latest flagship North America private equity fund, its biggest fund ever. KKR said the fund includes 2 billion invested by its employees, affiliates and from the firm39;s balance sheet. The fund had attracted 24 billion in […]
TOKYO, April 25 Reuters Mizuho Financial Group plans to beef up its U.S. operations for MA advisory and equity underwriting, its chief executive said, as Japan39;s No. 3 lender aims to grab a bigger share of the world39;s largest investment banking fee pool. The latest U.S. drive comes after Mizuho in recent years bolstered its debt […]
Shanghai fences up COVIDhit areas, fuelling fresh outcry EU considers 39;smart sanctions39; on Russian oil media Libya39;s NOC says Zawiya oil refinery damaged after armed clashes LONDON, April 25 Reuters Oil slumped nearly 5 to the lowest in almost two weeks on Monday, extending last week39;s decline as concern grew that prolonged COVID19 lockdowns in […]