By Jeslyn Lerh SINGAPORE – Global port congestion is set to continue until at least early 2023 and keep spot freight rates elevated, logistics executives said on Wednesday, urging charterers…
By Jan Lopatka and Jason Hovet PRAGUE – The Czech Republic’s finance minister told Reuters he aimed to keep next year’s budget deficit target below this year’s plan – after…
(Reuters) – Harvard President Lawrence Bacow said on Wednesday that he would leave his post in June 2023 after helping shepherd the nation’s oldest university through the COVID pandemic. Bacow,…
By Divya Chowdhury MUMBAI – Standard Chartered Chief Executive Bill Winters expects central banks’ fight against surging inflation, driven by structural cost pressures such as wage growth, to result in…
BERLIN – Germany must refrain from funding long-term subsidies with further credit in order to return to its constitutionally enshrined debt brake next year, Chancellor Olaf Scholz said on Wednesday.…
By Vivek Mishra BENGALURU – New Zealand’s house prices are forecast to sink 9.0% this year as aggressive interest rate hikes take some heat out of the blazing housing market…
(Reuters) – JPMorgan on Wednesday cut its expectation for U.S. real gross domestic product for the second half of 2022 and for 2023. The firm’s economic and policy research department…
By Marcela Ayres BRASILIA – Brazil’s Economy Ministry will hold its economic growth outlook at 1.5% in 2022 and 2.5% in 2023, two officials told Reuters on Wednesday, forecasting activity…
MLADA BOLESLAV, Czech Republic – Czech carmaker Skoda, owned by Germany’s Volkswagen, is confident that its parent will take a decision on its fourth large battery factory in Europe by…
(Reuters) – Carvana Co on Friday forecast significant core earnings for 2023, as the online used-car retailer spelled out plans to rein in spending on advertising, expansion and other areas…
By Karen Braun NAPERVILLE, Ill. – Despite global wheat prices trading at record highs for the time of year, market participants may have been too optimistic on the supply outlook…
To underscore the vehicle’s success locally, Mitsubishi Motors North America, Inc. (MMNA) will offer news media and Minneapolis–Saint Paul-area consumers the first in-person glimpse of the all-new 2023 Outlander PHEV…
KYIV – Ukraine’s central bank will allow foreign investors in domestic bonds to transfer abroad their income received from the bonds after April 1 next year, the bank has said.…
PARIS -French insurer Axa on Thursday posted a 2% rise in revenue, with strength in its health and casualty insurance business offsetting weakness in savings. Europe’s second-biggest insurer, behind Allianz,…
By Nick Carey (Reuters) – Data shows there is enough nickel and lithium to produce up to 14 million electric vehicles (EVs) globally in 2023, so Europe should secure more…
President Joe Biden’s Secretary of Energy Jennifer Granholm said in regard to if inflation would continue through 2023 that it is “so hard to know,” during a House Energy and…
By Gabriel Burin BUENOS AIRES – Brazil’s economy has entered a phase of stagnation that will persist next year as unrelenting inflation curtails consumer spending and policymakers struggle to find…
By Neil Jerome Morales MANILA – The global travel and tourism sectors are projected to return to pre-pandemic levels in 2023 and grow at a rate that will outpace global…
HONG KONG – Most financial institutions operating in Asia will take until next year to remove references to the Libor benchmark in loan agreements, an industry survey found, though most…
BERLIN – A shortage of semiconductors is likely to remain a problem for the auto industry into 2023, German carmaker BMW’s Chief Executive Oliver Zipse said in an interview with…
WASHINGTON – Inflation will remain high this year and next even as the Fed moves steadily to lower the pace of price increases, Cleveland Fed president Loretta Mester said Sunday…
By Aditya Kalra, Aftab Ahmed and Anirban Sen NEW DELHI – Walmart’s Indian e-commerce company Flipkart has internally raised its IPO valuation target by around a third to $60-70 billion,…
With a starting MSRP of just $25,795.002,3, the 2023 Eclipse Cross is packed with a full suite of comfort and technology features, including Apple Car Play®4 and Android AutoTM5 integration…
WASHINGTON, D.C. – Washington, D.C. Mayor Muriel Bowser has finally come to grips with reality. Her “Defund the Police” movement didn’t work. Since 2020, Bowser has presided over skyrocketing crime,…
WASHINGTON – U.S. President Joe Biden will propose a minimum tax on billionaires as part of the fiscal 2023 budget that is expected to be unveiled on Monday, a document…