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Reuters exclusively revealed Sweden has taken “concrete action” to address Turkey’s concerns over its NATO membership bid, including stepping up counter-terrorism efforts against Kurdish milita The post Reuters reveals in letter, Sweden lists ‘concrete actions’ on Turkey’s concerns over NATO bid appeared first on Reuters News Agency.

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 was first to report the preferred bidder to buy out Toshiba Corp has offered to pay less than the widely regarded threshold of 6,000 yen a share, indicating the premium for the Japanese conglomerate may not be as rich as investors had hoped.  The post Reuters reveals Toshiba’s preferred bidder offers price short of […]

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 […]