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Euro zone inflation rate eases to 10% in November as energy prices slow

Euro zone inflation rate eases to 10% in November as energy prices slow Markets track the latest inflation data out of the euro zone ahead of a new ECB meeting. Julien DeRosa | dpa | Getty Images Inflation in the euro zone slowed slightly in November, according to preliminary figures out Wednesday, with prices coming …

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HSBC eyes bumper dividend from $10 bln sale of Canada unit to RBC

HSBC eyes bumper dividend from $10 bln sale of Canada unit to RBC Deal comes amid pressure from Chinese shareholder Analysts hail ‘sensitive’ transaction Bank could return deal proceeds to shareholders LONDON/TORONTO/NEW YORK, Nov 29 (Reuters) – HSBC (HSBA.L) has agreed to sell its business in Canada to Royal Bank of Canada (RY.TO) for C$13.5 …

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Crypto lender BlockFi files for bankruptcy, cites FTX exposure

Crypto lender BlockFi files for bankruptcy, cites FTX exposure Filing follows weeks after FTX collapse FTX listed as BlockFi’s No.2 creditor Bitcoin down over 70% from 2021 peak Nov 28 (Reuters) – Cryptocurrency lender BlockFi has filed for Chapter 11 bankruptcy protection, it said on Monday, the latest industry casualty after the firm was hurt …

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Exclusive: Tesla reads revamped Model 3 with project ‘Highland’ -sources

Exclusive: Tesla reads revamped Model 3 with project ‘Highland’ -sources Nov 28 (Reuters) – Tesla (TSLA.O) is developing a revamped version of Model 3, according to four people with knowledge of the effort, as the top EV maker aims to cut production costs and boost the appeal of the five-year -old electric sedan. One focus …

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Elon Musk says Twitter’s verified service with colors to start next week

Elon Musk says Twitter’s verified service with colors to start next week Nov 25 (Reuters) – Twitter Inc is planning to roll out its verified service next Friday with different colored checks for individuals, companies and governments, after a botched initial launch led to a surge in users impersonating celebrities and brands on the platform. …

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Foxconn’s woes to take bigger toll on giant China iPhone plant as more workers leave – source

Foxconn’s woes to take bigger toll on giant China iPhone plant as more workers leave – source Foxconn Zhengzhou plant’s Nov shipments to fall further – source Worker unhappiness at plant escalated into protests this week Over 20,000 workers, mostly new recruits, have left – source TAIPEI, Nov 25 (Reuters) – Foxconn’s (2317.TW) flagship iPhone …

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Oil muted as price cap proposal eases supply concerns

Oil muted as price cap proposal eases supply concerns G7 price cap on Russian oil could be above current trading level EIA gasoline stocks data shows higher than expected build COVID-19 controls tighten in China Nov 24 (Reuters) – Benchmark Brent oil edged lower on Thursday while West Texas Intermediate (WTI) crude held steady, hovering …

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