US profit growth to accelerate in 2024 despite economy risks
By Caroline Valetkevitch NEW YORK (Reuters) – U.S. corporate earnings should improve at a stronger clip in 2024 as inflation and interest rates come down, analysts predict, but worries about slowing economic…
Leading Nationwide Juice and Plant-Based Snacks Store, Pressed, Teams up with Interface to Accelerate Digital Transformation and Growth
Interface deploys suite of managed services at 100+ Pressed stores to revamp IT infrastructure, improve security, and gain operational insights, while reducing store operations costs by 50% St. Louis, MO (PRESS RELEASE)…
Russian business lobby calls for c. bank to accelerate yuan reserves
MOSCOW (Reuters) – Russia’s top business lobby called on Friday for the central bank to build up its reserves of the Chinese yuan in a bid to stabilise the rouble, which is…
Ukraine’s grain exports accelerate in Sept following grain deal -ministry
KYIV (Reuters) – The pace of grain exports from Ukraine has risen so far in September but volumes are still well below last season’s levels, agriculture ministry data showed on Wednesday. Ukraine’s…
Factbox-Automakers accelerate drive to secure battery raw materials
(Reuters) – Rising demand for electric vehicles (EV) around the world is encouraging automakers such as Tesla Inc, Volkswagen and Stellantis NV to step up efforts to secure raw materials needed for…
China to accelerate disposal of smaller banks’ bad loans
BEIJING – China may start a pilot program in six provinces to further speed up the disposal of bad loans by local small- and medium-sized banks, financial news media outlet 21jingji reported…
U.S. producer prices accelerate in June, but underlying inflation slowing
WASHINGTON – U.S. producer prices increased more than expected in June amid rising costs for energy products, but underlying producer inflation appeared to have peaked. The producer price index for final demand…
Fifteen EU nations say bloc must urgently accelerate trade deals
BRUSSELS – Fifteen European Union governments called on Monday for the bloc to accelerate the conclusion of free trade agreements to ensure its long-term economic growth and geopolitical standing in the world.…
Euro zone to avoid recession, growth to accelerate in Q3 – ECB survey
FRANKFURT – The euro zone will avoid a recession this year and growth will accelerate noticeably after bottoming out in the second quarter, a key European Central Bank survey showed on Monday.…
China to accelerate VAT credit rebates for small firms – finance ministry
BEIJING – China’s finance ministry and tax regulator on Wednesday said they will accelerate Value Added Tax (VAT) credit rebates for small firms. Medium-sized manufacturing firms are allowed to claim VAT credit…
U.S. import prices accelerate in March on petroleum
WASHINGTON – U.S. import prices accelerated by the most in 11 years in March as Russia’s war against Ukraine boosted petroleum prices, another sign that high inflation could persist for a while.…
Russian cenbank warns consumer inflation will accelerate further
(Reuters) – Consumer inflation in Russia will keep on accelerating in annual terms due to base effects, the central bank said on Wednesday, warning that rouble volatility will continue, leading to upside…
India should not accelerate energy purchases from Russia -U.S. administration official
WASHINGTON – U.S. President Biden discussed issues regarding Ukraine, including India’s energy purchases from Russia, with Prime Minister Narendra Modi in a virtual meeting on Monday but did not make a “concrete…
BlackRock’s Fink says Russia-Ukraine crisis could accelerate digital currencies
NEW YORK – BlackRock Inc’s chief executive, Larry Fink, said on Thursday that the Russia-Ukraine war could end up accelerating digital currencies as a tool to settle international transactions, as the conflict…
Merck Japan says to accelerate imports of COVID-19 treatment
TOKYO – The Japanese unit of Merck & Co Inc said on Monday it would accelerate imports of its oral COVID-19 treatment to help with a surge in cases caused by the…
Euro zone corporate lending growth continues to accelerate
FRANKFURT – Lending to euro zone companies accelerated for the fourth straight month in December, reversing a mid-year dip, European Central Bank data showed on Friday. Lending to euro zone businesses expanded…
Attorney General James Leads Coalition Urging FDA to Accelerate Actions to Protect Children From Toxic Metals in Baby Food
NEW YORK – New York Attorney General Letitia James, leading a coalition of 23 attorneys general, today petitioned the U.S. Food and Drug Administration (FDA) to protect the health and well-being of babies…
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