Italy slashes growth outlook as Ukraine weighs, confirms deficit goal
By Giuseppe Fonte and Gavin Jones ROME -Italy on Wednesday slashed its growth estimate for this year as the war in Ukraine weighs on the economy, while confirming a previous…
By Giuseppe Fonte and Gavin Jones ROME -Italy on Wednesday slashed its growth estimate for this year as the war in Ukraine weighs on the economy, while confirming a previous…
NEW YORK – Federal Reserve officials “generally agreed” last month to trim $60 billion per month from the U.S. central bank’s Treasury holdings and $35 billion from its holdings of…
SAO PAULO – Nissan Motor Co on Wednesday said it will invest 1.3 billion reais ($276.12 million) in its plant in Resende in the Brazilian state of Rio de Janeiro…
By Rajesh Kumar Singh and Nathan Gomes (Reuters) -JetBlue Airways Corp on Wednesday mounted a vigorous defense of its unsolicited $3.6 billion bid to acquire ultra-low-cost carrier Spirit Airlines, saying…
(Reuters) – Blank-check firm Spinning Eagle Acquisition Corp, backed by former Hollywood executives Harry Sloan and Jeff Sagansky, on Wednesday filed to withdraw its U.S. initial public offering of up…
By Helen Reid JOHANNESBURG – South Africa’s Anglo American Platinum (Amplats) has received enquiries from manufacturers and carmakers seeking palladium in the wake of Western sanctions on top producer Russia,…
BRUSSELS – Ukraine will need a reconstruction plan after the war with Russia similar to the one the United States offered to Europe after the Second World War, European Budget…
FRANKFURT – Inflation in the euro zone is high and the European Central Bank may soon need to raise interest rates as a result, Bundesbank President Joachim Nagel told broadcaster…
(Reuters) – Russian stock indexes fell on Wednesday, hit by a new set of Western sanctions over Moscow’s actions in Ukraine, while the rouble rallied in thin trade to a…
WASHINGTON – The United States plans to keep raising the economic costs on Russian President Vladimir Putin over his invasion of Ukraine, U.S. President Joe Biden said on Wednesday, as…
(Reuters) – WarnerMedia executives who will depart the company in the merger with Discovery include Chief Financial Officer Jennifer Biry, chief executive of studios and network group Ann Sarnoff, Chief…
By P.J. Huffstutter, Tom Polansek and Bianca Flowers CHICAGO – For nearly two decades, Abe Sandquist has used every marketing tool he can think of to sell the back end…
By David Shepardson WASHINGTON – JetBlue Airways said Tuesday it made an unsolicited $3.6 billion bid for Spirit Airlines, potentially snarling merger plans between the ultra-low-cost carrier and Frontier Group…
(Reuters) -Annual inflation in Russia accelerated to 16.70% as of April 1, its highest since March 2015 and up from 15.66% a week earlier, the economy ministry said on Wednesday,…
(Reuters) – Russia’s lower house of parliament has passed in a third and final reading on Wednesday a bill on delisting of companies that are registered in Russia and have…
(Reuters) – The Russian ruble’s near complete recovery in recent weeks is not a signal that the Russian economy is weathering the sanctions Washington and its allies have imposed since…
By Susan Mathew and Anisha Sircar (Reuters) – European shares fell almost 2% on Wednesday, as investors grappled with the twin worries of aggressive U.S. interest rate hikes potentially hurting…
(Reuters) -Russian largest and state-run lender Sberbank and the country’s No. 1 private lender Alfa Bank said on Wednesday new sanctions imposed by the United States would not have a…
By Tim Hepher PARIS – European planemaker Airbus delivered between 140 and 142 aircraft in the first quarter, up almost 13% from the same period last year, industry sources said…
By Patturaja Murugaboopathy (Reuters) – European equity funds faced their first monthly outflow in two years in March as the Russia-Ukraine conflict and rising energy prices hurt prospects for profit…
DETROIT – Toyota Motor Corp on Wednesday cut its 2022 outlook for the U.S. auto industry’s new-car sales, citing the struggles in the supply-chain caused by the pandemic and the…
(Reuters) – Crypto exchange Binance.US said on Wednesday it had raised more than $200 million in a seed funding round at a pre-money valuation of $4.5 billion. Launched in 2019,…
(Reuters) – The U.S. Federal Reserve aims to tighten monetary policy in a methodical way that keeps the economic expansion intact, Philadelphia Federal Reserve President Patrick Harker said on Wednesday.…
BUDAPEST -Hungary will aim to keep price caps in place beyond their looming expiry in the first half of 2022 unless inflation eases significantly, Prime Minister Viktor Orban said on…
(Reuters) – The Federal Reserve “has some time” to raise rates towards a more neutral level, Richmond Fed President Thomas Barkin said Wednesday, a counter to calls for a faster…