Business
‘That’s a lie’ accusation obscures bipartisan Social Security reform talks -sources
By Richard Cowan WASHINGTON (Reuters) – A Republican U.S. senator’s accusation on Thursday that Treasury Secretary Janet Yellen had lied during a…
Business
Credit Suisse lifeline, First Republic rescue: What you need to know
(Reuters) – Large U.S. banks injected $30 billion into First Republic Bank on Thursday, swooping in to rescue the lender caught up…
Business
FedEx raises fiscal 2023 earnings forecast, shares soar
By Lisa Baertlein and Kannaki Deka (Reuters) -FedEx Corp on Thursday raised its fiscal 2023 profit forecast and reported progress on its…
Business
Panama sees limited risk from US, European bank problems
PANAMA CITY (Reuters) – Panama’s risk of contagion from banking woes in the United States and Europe is “very limited”, an official…
Business
Australia ‘closely monitoring’ global financial turmoil -treasurer
SYDNEY (Reuters) – Australia is closely monitoring the current global financial turmoil, including the situation at Swiss lender Credit Suisse and some…
Business
Nissan workers in Tennessee to decide whether to form small union
By Daniel Wiessner (Reuters) – Technicians at Nissan Motor Co’s Smyrna plant in Tennessee will vote on Thursday whether to join a…
Business
Airbus is tackling supply chain problems, senior executive says
HAMBURG (Reuters) -Planemaker Airbus has measures in place to stabilise global pressure on its supply chains, a senior manufacturing executive said on…
Business
Branson’s Virgin Orbit explores options as cash woes force operational halt
(Reuters) -Richard Branson’s Virgin Orbit said it was exploring strategic opportunities and was in talks for potential funding after a cash crunch…
Business
Swiss National Bank confirms that it will provide liquidity to Credit Suisse
ZURICH (Reuters) – The Swiss National Bank confirmed on Thursday that it will provide liquidity to Credit Suisse against sufficient collateral. “Within…
Business
Audi to bring back lower-priced models as chip shortages ease after bumper 2022
(Reuters) – Volkswagen-owned Audi forecast sizeable revenue growth in 2023 to 69-72 billion euros ($149.53 billion) from 61.8 billion last year, but…