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 […]
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Fed’s Bostic says hiring process for regional presidents “has worked well”
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 […]
BMW lifts annual profit forecast to 9.5%-10.5%
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 […]
Philippines kicks off election season under pandemic cloud
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 […]
These two former corporate VCs just raised $110 million for their own fund
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 […]
Scaling across Series A to C
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 acquires ‘Hollywood-style’ cybersecurity training startup Habitu8
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 […]
China power crunch slams factories as coal lobby warns woes could stay until winter
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 […]
Markets in Q3: Bears in the China shop
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 […]
Traton’s MAN targets profit margin boost in e-truck overhaul -CEO
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 […]
Stellantis curbs Melfi output as chip crisis cuts car production
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 […]
Treasury’s Yellen agrees debt default would cause ‘irreparable’ damage to U.S
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 […]
European shares flat, ends volatile September with losses
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 […]
Are Democrats confident Biden’s infrastructure bill will pass? ‘Nope’
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 […]
Speed skating-Team GB’s Christie says she was drugged and raped aged 19
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 […]
European Commission chief seeks to reassure Serbia over EU bid
September 30, 2021 BELGRADE (Reuters) -The European Commission moved on Thursday to reassure Serbia of its future European Union membership after an internal document in Brussels showed that EU states could no longer agree to guarantee six Balkan countries a place in the bloc. Separately, France said it supported opening formal EU membership talks with […]
48 hours left to save $100 on passes to TC Sessions: SaaS 2021
If you’re a savant in the world of SaaS, pay close attention; you have just 48 hours left to save $100 on the price of admission to TC Sessions: SaaS 2021. The early bird price expires on October 1 at 11:59 pm (PT), so buy your pass before the deadline and connect with the global […]
Bed Bath & Beyond shares tumble 30% as supply chain woes pressure forecast
September 30, 2021 (Reuters) – Shares of Bed Bath & Beyond Inc fell nearly 30% on Thursday after the retailer slashed its forecasts for the year, blaming supply chain hurdles and rising cases of the fast-spreading Delta variant of coronavirus. Retailers have been battling port congestions and escalating transportation costs due to global supply chain […]
California distorts U.S. weekly jobless claims; labor market recovering
September 30, 2021 By Lucia Mutikani WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits rose further last week as California moved more people to other programs following the expiration of government-funded aid early this month to maximize their access to assistance. The labor market recovery remains intact, with the report […]
Pelosi says “so far so good” on taking up infrastructure bill Thursday
September 30, 2021 WASHINGTON (Reuters) – House Speaker Nancy Pelosi said plans were still on for a Thursday vote on a bipartisan infrastructure bill that is part of President Joe Biden’s legislative agenda. “So far, so good,” Pelosi told reporters at a news briefing. (Reporting by Susan Cornwell and Doina Chiacu) Source Link Pelosi says […]
