By Foo Yun Chee BRUSSELS (Reuters) -The European Union’s 43 billion euro ($47 billion) plan to boost its semiconductor industry and catch up with the United States and Asia is likely to get the green light from EU countries and lawmakers on April 18, people with direct knowledge of the matter said on Wednesday. The …
Exclusive-EU Chips Act likely to get green light on April 18 -sources Read More »
By Lisa Baertlein and Kannaki Deka LOS ANGELES (Reuters) -FedEx Corp said on Wednesday it will consolidate its separate delivery companies into a single entity, in a move to slash costs and better compete with United Parcel Service and Amazon. The decision to integrate FedEx Ground, its outsourced package delivery arm, with the FedEx Express …
FedEx to combine delivery units as part of $4 billion cost-cut push Read More »
OTTAWA (Reuters) – Canada’s federal government and a group of Indigenous people have reached a revised C$23.34 billion ($17.35 billion) agreement to compensate First Nations children and families for the decades of harm caused by a discriminatory welfare system. The terms of the deal, announced by the Canadian government in a statement on Wednesday, were …
Canada unveils revised C$23 billion compensation deal for Indigenous children Read More »
JOHANNESBURG (Reuters) -South Africa’s Northam Platinum has terminated its offer to buy Royal Bafokeng Platinum, citing low prices of platinum group metals (PGM) as it ended a year-long takeover battle with bigger rival Impala Platinum. Northam had outbid Impala’s initial offer to acquire RBPlat, but on Wednesday said that PGM prices had fallen to levels …
South Africa’s Northam quits RBPlat takeover battle Read More »
By Felix Onuah ABUJA (Reuters) -Nigeria has secured $800 million from the World Bank to scale up its national social program ahead of the removal of its costly but popular subsidies on petrol in June, Finance Minister Zainab Ahmed said on Wednesday. Africa’s biggest economy set aside 3.36 trillion naira ($7.3 billion) this year to …
Nigeria gets World Bank funding for social program ahead of fuel subsidy cut Read More »
BUENOS AIRES, 5 abr (Reuters) – Los bonos de Argentina caían fuerte el miércoles luego que el país sudamericano perdiera una demanda en el Tribunal Superior de Londres sobre los pagos que cuatro fondos de cobertura (hedge funds) dijeron que se debían por valores denominados en euros vinculados al dudoso nivel del Producto Interno Bruto …
Bonos de Argentina se hunden tras fallo adverso para el país en tribunal de Londres Read More »
By Lucia Mutikani WASHINGTON (Reuters) – The U.S. services sector slowed more than expected in March as demand cooled, while a measure of prices paid by services businesses fell to the lowest in nearly three years, giving the Federal Reserve a boost in the fight against inflation. There are also growing signs that the labor …
US services sector growth slows; price pressures abating Read More »
By Sruthi Shankar and Shristi Achar A (Reuters) -The UK’s FTSE 100 rose on Wednesday after data showed that the dominant service sector in March reported the strongest new business expansion in a year, while shares of drugmaker AstraZeneca climbed to the top of the benchmark index. The blue-chip FTSE 100 rose 0.4%, outperforming the …
UK’s FTSE 100 climbs on upbeat services sector data; AstraZeneca jumps Read More »
By Shubham Batra, Sruthi Shankar and Bansari Mayur Kamdar (Reuters) -European shares fell on Wednesday as investors maintained a cautious stance after data signalled a slower-than-expected pick-up in the euro zone’s economic recovery. The pan-European STOXX 600 index slipped 0.2%, with industrial goods and services dropping 2.1%. Limiting losses, the utilities index climbed 1.6% and …
European shares slip as data signals slower economic recovery, defensives cap losses Read More »
By David Lawder WASHINGTON (Reuters) – The U.S. nominee to run the World Bank, Ajay Banga, said on Wednesday that he supports his predecessor’s proposal to expand the bank’s annual lending capacity by about $5 billion to help tackle climate change and other global challenges, but added that this was only the start of reforms. …
US World Bank nominee Banga endorses lending expansion, pledges more Read More »
