Month: October 2022

Reuters was first to report Bank of Mexico board member Gerardo Esquivel cautioned against increasing the monetary policy rate to “excessively” restrictive levels as the economy remains weak, saying the bank’s current rate-hiking cycle could end with rates between 10%-10.25%. Esquivel did not project when the rate would hit what he called its terminal level […]

Reuters exclusively reported that the world’s top automakers are planning to spend nearly $1.2 trillion through 2030 to develop and produce millions of electric vehicles, along with the batteries and raw materials to support that production. The electric vehicle investment figure, which has not previously been published, dwarfs previous investment estimates by Reuters and is […]

Reuters exclusively revealed that new steps from the Group of Seven countries to cap Russian oil sales at an enforced low price will not be replicated against OPEC producers, whose plans to cut output have irked consumer countries. The post Reuters reveals U.S. says Russia oil price cap will not be aimed at OPEC appeared […]

Reuters was first to report private equity firm KPS Capital Partners’ German aluminium smelter Speira is set to gain European Union (EU) antitrust approval for its plan to buy aluminium recycler Real Alloy Europe with its offer to sell two plants to address EU concerns. The post Reuters reveals Germany’s Speira set to win EU […]

Reuters shed light on budget shortfalls facing Chinese provinces. The shortfalls are reducing the provinces’ fiscal firepower to fund infrastructure spending and tax cuts, and raising risks for the world’s second-biggest economy in 2023. The post Reuters reveals a $1 trillion headache: China’s local fiscal shortfall poses broader growth risks appeared first on Reuters News […]

Reuters exclusively reported Indonesia’s currency is tumbling and foreign money in its bond markets is heading for the exits, stoking fears that Southeast Asia’s largest economy is finally starting to crack after months of remarkable resilience against global headwinds.  The post Reuters reveals Indonesia’s defences start crumbling against relentless dollar appeared first on Reuters News […]

Reuters exclusively revealed that Ethiopia’s state finance minister said on Saturday that delays in restructuring Ethiopia’s debt due to the failings of a new global mechanism for resolving debt problems are “disappointing,” adding that he planned to raise it with the head of the International Monetary Fund. Africa’s second-most populous country requested a debt restructuring […]

Reuters exclusively reported U.S. chip toolmaker KLA Corp will cease offering some supplies and services to China-based customers including South Korea’s SK Hynix in compliance with recent U.S. regulations. The move underscores huge business headwinds facing chipmakers and chip equipment makers around the world, as the Biden administration published a sweeping set of export controls […]

Reuters exclusively revealed India’s Oil and Natural Gas Corp plans to take a stake in the new Russian entity that will manage the Sakhalin 1 project in the far east as it seeks to retain a 20% share in the asset.  The post Reuters reveals India’s ONGC eyes stake in Russian entity managing Sakhalin 1 […]

Reuters was first to report Exxon Mobil Corp said on Monday that it left Russia completely after President Vladimir Putin expropriated its properties following seven months of discussions over an orderly transfer of its 30% stake in a major oil project. Exxon did not say if it received any compensation for the assets, which it […]