Business
China set to keep lending benchmark LPRs unchanged in April
SHANGHAI (Reuters) - China is widely expected to leave benchmark lending rates unchanged on Monday, a Reuters survey showed, as encouraging first quarter economic data reduces the urgency for further monetary stimulus to aid a fragile recovery. A ...
Take Five: Dancing to the dollar's beat
(Reuters) - Just when it looked like rate cuts were coming any minute now, inflation has reared its head and the strength of the dollar is forcing other central bankers to protect their currencies and reconsider their policy choices. What ...
Norway wealth fund backs shareholder proposal to split Goldman CEO, chair roles
STOCKHOLM (Reuters) - Norway's $1.6 trillion sovereign wealth fund, one of the world's largest investors, said on Friday it would again vote in favour of a resolution calling for a split of the CEO and board chair roles at Goldman Sachs. Proxy ...
L'Oreal shares shine after Q1 sales beat expectations
PARIS (Reuters) - Shares in L'Oreal rose more than 4% % in early Friday trading after the French cosmetics giant reported a 9.4% rise in first quarter sales on a like-for-like basis on Thursday evening, beating expectations of 6.1% growth. By ...
Explainer-Bitcoin's 'halving': what is it and does it matter?
LONDON (Reuters) - Bitcoin's long-anticipated 'halving' is, depending on where you sit, a vital event that will burnish the cryptocurrency's value as an increasingly scarce commodity, or little more than a technical change talked up by ...
Crypto fans count down to bitcoin's 'halving'
By Elizabeth Howcroft LONDON (Reuters) - Bitcoin enthusiasts were eagerly waiting for bitcoin's 'halving' on Friday - a change to the cryptocurrency's underlying technology designed to cut the rate at which new bitcoins are created. The halving, ...
Nissan cuts annual operating profit estimate by 14.5% on lower sales
TOKYO (Reuters) - Nissan Motor slashed its annual operating profit estimate by 14.5% on Friday citing lower-than-expected vehicle sales and other factors. Japan's third-largest automaker by volume now estimates an operating profit of 530 billion ...
Pakistan aims to agree outline of new IMF loan in May - Finance Minister
By Karin Strohecker WASHINGTON (Reuters) - Pakistan hopes to agree the contours of a new International Monetary Fund loan in May, Finance Minister Muhammad Aurangzeb told Reuters, and has kicked off talks with ratings agencies to lay the ...
UK retail stagnated in March, ONS says
LONDON (Reuters) - British retail sales volumes stagnated in March, the Office for National Statistics said on Friday. Economists polled by Reuters had mostly forecast sales volumes would increase by 0.3% on the month. (This story has been ...
Column-Plunging solar capture rates to test nerve of Europe's policymakers: Maguire
By Gavin Maguire LITTLETON, Colorado (Reuters) - Wholesale power prices coming under pressure from surging solar output is not a new concept in power markets, but looks set to become a potentially divisive issue across Europe as rampant ...