OTTAWA, Jan 28 – Canada recorded a much smaller budget deficit in the first eight months of fiscal 2021/22 compared to the same period a year ago, as the costs …
Reuters
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By Jeff Mason WASHINGTON – The Biden family finally has a cat. First lady Jill Biden’s office has announced America’s first family is excited to welcome a two-year-old, gray-and-white-striped feline …
- Business News
Weaker U.S consumer spending, rising inflation pose dilemma for Fed
by Reutersby ReutersBy Lucia Mutikani WASHINGTON – U.S. consumer spending fell in December, suggesting the economy lost speed heading into the new year amid snarled supply chains and raging COVID-19 infections, while …
- Business News
Staying put but splurging: China’s hotels, restaurants to see Lunar New Year boost
by Reutersby ReutersBy Sophie Yu and Ryan Woo BEIJING – Hotels and restaurants in China’s big cities are bracing for a rush of guests over the Lunar New Year as people forced by …
- Business News
Barilla serves up new premium pasta to keep up with consumer tastes
by Reutersby ReutersMILAN – Barilla, the world’s biggest pasta maker, is moving upmarket with a new high-end pasta range that aims to keep up with consumer tastes for premium quality foods. The …
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By Anisha Sircar -European shares fell on Friday, with the STOXX 600 index down for the fourth straight week as auto and technology stocks led declines amid the prospect of …
- Business News
AT&T Mexico says govt should limit America Movil’s market concentration – paper
by Reutersby ReutersMEXICO CITY – AT&T’s top executive in Mexico has urged the government to place limits on its telecom rival America Movil and keep it out of new markets to ensure …
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By Noor Zainab Hussain and Medha Singh -Shares of Robinhood Markets Inc reversed course to trade nearly 6% higher on Friday, driven by a broader market rebound, after touching their …
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By Lewis Krauskopf NEW YORK – A steep slide in U.S. stocks has investors gauging equity valuations to determine whether now is the time to scoop up shares at a …
- Business News
Just-in-time gives way to “buy everything you can” as U.S. supply disruptions persist
by Reutersby ReutersBy Timothy Aeppel – Stephen Bullock eight months ago gave up on the idea of buying raw materials and parts only shortly before they were needed on his assembly line. …
- Business News
Mexico’s economy likely entered recession in fourth quarter: Reuters poll
by Reutersby ReutersBy Miguel Gutierrez and Gabriel Burin MEXICO CITY – Mexico’s economy likely contracted in the last three months of 2021, in what would mark a second straight quarter of negative …
- Business News
Chevron reviews court decision that blocked Gulf of Mexico lease sale
by Reutersby ReutersBy Sabrina Valle HOUSTON – Chevron Corp is reviewing a federal judge decision that invalidated the results of an oil and gas lease sale in the Gulf of Mexico on …
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By Joseph White and Paul Lienert DETROIT – General Motors Co and Ford Motor Co are expected to report next week they turned solid profits for the last quarter of …
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– Walt Disney Co has named Alexia Quadrani, a former analyst for JP Morgan & Chase Co’s media equity research group, as senior vice president of investor relations, reporting to …
- Featured NewsUS and World News
Dial down the Russian war talk to save our economy, Ukraine tells West
by Reutersby ReutersBy Natalia Zinets and Matthias Williams KYIV – Ukraine’s president wants weapons and loans at a time of problems with Moscow. But one thing he does not want from the …
- MIsc. News
Vans owner slips as production delays, China curbs hit sales forecast
by Reutersby ReutersBy Ananya Mariam Rajesh -Vans shoe maker VF Corp cut its full-year revenue forecast on Friday as it struggles with material shortages, labor issues at factories and slump in sales …
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MILAN – Companies have the right to protect their interests in Russia even at a time of rising tensions, a top Italian CEO said on Friday, rejecting criticism of a …
- Business News
Brazil rates set to soar further as US Fed prepares for lift-off: Reuters poll
by Reutersby ReutersBy Gabriel Burin BUENOS AIRES – Brazil’s central bank is set to deliver a third consecutive 150 basis point rate rise on Wednesday in a bid to minimize risks of …
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BERLIN – Daimler AG will be formally renamed Mercedes-Benz Group AG on Tuesday – nearly a year after the spin-off of its truck and bus division was announced – in …
- Business News
De La Rue activist investor calls for sale or break-up of banknote printer – FT
by Reutersby Reuters– Crystal Amber Fund, one of De La Rue’s largest investors, has called on the British banknote printer to consider a sale or break-up after its profit warning, the Financial …
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-Phillips 66 posted quarterly earnings that powered past Wall Street estimates on Friday, as the U.S. refiner capitalized on mounting demand for fuel due to a loosening up of coronavirus …
- Business News
Exclusive-China securities regulator met foreign banks to soothe economic concerns-sources
by Reutersby ReutersBy Xie Yu and Selena Li HONG KONG -The China Securities and Regulatory Commission (CSRC) met this week with executives at top western banks and asset managers to reassure them …
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By Helena Soderpalm STOCKHOLM -Electrolux said on Friday global supply chain issues would persist after posting a drop in quarterly profit, while expecting demand in 2022 above pre-pandemic levels. Households …
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By Ann Saphir – The Fed will likely raise rates in March to tamp down on too-high inflation, Minneapolis Fed President Neel Kashkari said on Friday, but its actions after …
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By Brenna Hughes Neghaiwi and Oliver Hirt ZURICH -Credit Suisse is boosting cash payouts for senior bankers, it told employees on Friday, as it tries to retain top performers after …