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September 30, 2021 (Reuters) – Chicago Federal Reserve Bank President Charles Evans on Thursday said his read on a wide range of measures of inflation expectations does not suggest recent high inflation readings are getting entrenched into the long-term trajectory for U.S. prices. Inflation expectations “are not getting out of hand,” Evans said in an […]

September 30, 2021 Gayle Benson, the owner of the NFL’s New Orleans Saints and the NBA’s Pelicans, has taken steps to ensure the teams remain in the city after her death. Benson, who inherited the teams from her late husband, Tom, disclosed the succession plans in a joint report from The Times-Picayune and WVUE-TV. It […]

September 30, 2021 By Robert Muller and Jan Lopatka PRAGUE (Reuters) -The Czech National Bank (CNB) raised its main rate by 75 basis points on Thursday, surprising markets with its biggest hike since 1997 and sending a signal it would not allow inflationary expectations to grow further amid a price spike. The Czech economy, like […]

September 30, 2021 (Reuters) – S&P Global Ratings said on Thursday it anticipates the U.S. Congress will address the debt ceiling in a timely manner, either by raising it or suspending it. If not, the credit rating agency pointed to “severe and extraordinary consequences” on the financial markets. “It would be unprecedented in modern times […]

September 30, 2021 BERLIN (Reuters) – Allianz’s head of asset management Jacqueline Hunt is stepping down from the board, the company said in a statement on Thursday, after a scandal over billions of dollars in hedge fund losses prompted a restructuring of the firm’s management. The executive, who joined the company in 2016 and was […]

September 30, 2021 By Ahmad Ghaddar, Olesya Astakhova and Alex Lawler (Reuters) – OPEC+ is considering going beyond its existing deal to boost production by 400,000 barrels per day (bpd) when it meets next week, sources said, against a backdrop of oil near a three-year high and pressure from consumers for more supply. The Organization […]

September 30, 2021 By Howard Schneider WASHINGTON (Reuters) – Atlanta Federal Reserve President Raphael Bostic said Thursday he welcomed a Board of Governors ethics review following the resignation of two of his colleagues this week, and felt that the Fed’s process for replacing them is adequate to ensure a diverse set of applicants is considered […]

September 30, 2021 BERLIN (Reuters) – BMW lifted its annual profit margin forecast to between 9.5% and 10.5% from 7% to 9%, the company said in an ad hoc statement on Thursday, as higher prices for new and used vehicles outweigh the effect of supply chain issues. The carmaker also lifted its forecast for return […]

September 30, 2021 By Karen Lema MANILA (Reuters) – The Philippines opens a week-long window on Friday for filing of candidacy for thousands of political posts, from the presidency down to town councillors, kicking off what is expected to be a hotly contested election in May next year. The process should put an end to […]

All kinds of teams are raising venture funds these days, so don’t be surprised to see more investors from corporate venture firms decide to create their own outfits, too. They might look to Counterpart Ventures for inspiration. Founded by Patrick Eggen and Joe Saijo, the three-year-old, San Francisco-based outfit just closed a $110 million fund […]

Arthur Nobel Contributor Share on Twitter Arthur Nobel is an entrepreneur turned investor, now working as principal at Knight Capital in Amsterdam, specializing in scaling companies. He started his career at Rocket Internet before holding various growth roles across Europe. Co-author of the book “Leaders of Growth,” he also hosts its related podcast. The T2D3 […]

Arctic Wolf, a managed cybersecurity company that offers a “security operations-as-a-concierge” service, has acquired Habitu8, a security training and awareness content platform. Terms of the deal – which comes just two months after Arctic Wolf secured $150 million in Series F funding – were not announced, but a person with knowledge of the matter told […]

September 30, 2021 By Gabriel Crossley and Shivani Singh SHENYANG, China (Reuters) -Small firms caught in China’s prolonged energy crunch are turning to diesel generators, or simply shutting shop, as coal industry officials voiced fears about stockpiles ahead of winter and manufacturing shrank in the world’s no. 2 economy. Beijing is scrambling to deliver more […]

September 30, 2021 By Marc Jones and Julien Ponthus LONDON (Reuters) – Some of the heaviest falls ever seen in China’s markets, huge energy price rises and the clearest signs yet that central banks are starting to turn off the money taps have all hit world markets over the last quarter. A regulatory crackdown in […]

September 30, 2021 By Christina Amann BERLIN (Reuters) – German truckmaker MAN, owned by Volkswagen’s Traton division, aims to significantly raise its profit margin by 2023 as it restructures to adapt to the electric age, its chief executive said. Andreas Tostmann, in an interview with Reuters, did not quantify where margins would stand in two […]

September 30, 2021 MILAN (Reuters) – Stellantis will operate its largest Italian facility for an equivalent of only six days in October, the UILM union said on Thursday, as a global chip shortage hits manufacturing. The Melfi plant, which produces hybrid versions of Renegade and Compass Jeep among its models, will make only 8,000 vehicles […]

September 30, 2021 (Reuters) – Treasury Secretary Janet Yellen on Thursday agreed that any default on U.S. debt would cause irreparable harm. Yellen, asked by a member of the House Financial Services Committee if the damage done by failure to meet the federal government’s debt obligations would be “irreparable,” answered: “Yes.” Yellen has said the […]

September 30, 2021 By Sruthi Shankar and Shreyashi Sanyal (Reuters) -European stocks ended flat on Thursday as declines in travel and leisure limited gains in miners, while ending the month with falls of over 3% on worries about a slowing global economy and higher inflation. The pan-regional STOXX 600 index was 0.05% lower, with miners […]

September 30, 2021 By David Morgan and Susan Cornwell WASHINGTON (Reuters) -President Joe Biden’s domestic agenda appeared to be at risk in the U.S. Congress on Thursday, as his fellow Democrats struggled to line up support for a plan to double spending on roads, bridges and other infrastructure. The No. 2 Democrat in the House […]

September 30, 2021 (Reuters) – Three-time world gold medallist and Olympic speed skater Elise Christie has said she was raped at the age of 19 in 2010 in Nottingham but did not report the incident to the police. Christie, now 31, said she was on a night out after returning from the 2010 Vancouver Winter […]