Tag: Firms

Canada orders three Chinese firms to divest investments in critical minerals firms

Canada citing national security concerns. Via Reuters:The government ordered the divestiture after a "rigorous scrutiny" of foreign firms by Canada's national security and intelligence community, Industry Minister Francois-Philippe Champagne said in a statement."While...

UK FCA Rejects 20% of Firms Applying for Authorization

The UK Financial Conduct Authority (FCA) says it now rejects—at first attempt—one in five firms that apply for authorization in contrast to 1 in 14 last year. Take Advantage of the Biggest...

Dollar sags as bets build for less hawkish Fed; Aussie firms after CPI By Reuters

© Reuters. FILE PHOTO: U.S. Dollar banknotes are seen in this illustration taken July 17, 2022. REUTERS/Dado Ruvic/Illustration By Kevin Buckland TOKYO (Reuters) - The dollar wallowed near a three-week low versus major peers...

Turkey halts lending to more FX-rich firms to boost lira By Reuters

© Reuters. FILE PHOTO: Woman holds Turkish Lira banknotes in this illustration taken May 30, 2022. REUTERS/Dado Ruvic/Illustration ISTANBUL (Reuters) - Turkey tightened lending rules for many companies with more than $500,000 in foreign...

Rouble firms past 61 vs dollar to 2-week high on tax payments support By Reuters

© Reuters. FILE PHOTO: Sheets of the newly designed Russian 100-rouble banknotes are seen at the Goznak printing factory in Moscow, Russia July 6, 2022. Moscow News Agency/Handout via REUTERS By Alexander Marrow...

Inflation drives global firms eastward in Europe in search of cost savings By Reuters

© Reuters. By Michael Kahn and Anna Koper PRAGUE/WARSAW (Reuters) - Central European companies that provide remote, lower-cost business services for multinationals are ramping up their expansion plans as high inflation drives global...
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