Volkswagen becomes the latest automaker to hike wages for U.S. factory workers
(Reuters) – Volkswagen (ETR:VOWG_p) said on Wednesday that it would hike salaries for production workers at its Tennessee-based Chattanooga assembly…
Citigroup to launch direct-lending initiative in $1.6 trillion private credit market
Citigroup Inc (NYSE:C). is set to expand its footprint in the lucrative private credit domain with a new direct-lending initiative…
Analysis-Britain’s growth bet on pension pots a long haul task
(Reuters) – Britain’s plans for nudging billions of pounds of pension cash into new UK companies to boost growth and…
German lawmaker proposes Bitcoin as legal tender, emphasizing privacy
In a notable development within the German parliament, Bundestag member Joana Cotar has put forward a pioneering proposal that could…
Goldman Sachs sees gains for China indexes in 2024, optimistic on A-shares
Goldman Sachs has projected a bullish outlook for China’s stock market in 2024, with anticipated gains of 12% for the…
Analysis-Big investors say US markets rally could prove short-lived
(Reuters) – The recent rally that has lifted U.S. stocks and bonds is more of a year-end rebound than a…
Seoul stock exchange declines amid inflation fears and Nvidia’s poor performance
The Seoul stock exchange faced a downturn today, as the KOSPI index fell to 2,496.50 in early trading, reflecting broader…
Deere forecasts downbeat profit as high borrowing costs pinch demand
(Reuters) – Farm equipment maker Deere (NYSE:DE) & Co forecast 2024 profit below analysts’ expectations on Wednesday as high borrowing…
Dow futures edge higher, Nvidia warns of slowing Chinese sales
U.S. stock futures traded marginally higher Wednesday, rebounding after relatively hawkish minutes from the Federal Reserve and a warning from…
Factbox-Global economy to slow down but likely avoid recession in 2024
(Reuters) -Some of the major banks in the world expect global economic growth to ease further in 2024, squeezed by…