By Gertrude Chavez-Dreyfuss NEW YORK – Japan and China pared back holdings of U.S. Treasuries in May to multi-year lows, data from the U.S. Treasury department showed on Monday. Japan’s…
By Patturaja Murugaboopathy and Simon Jessop LONDON – Global issuance of bonds focused on environmental or social projects fell in the first half of the year as supranational issuers scaled…
By Michael Erman (Reuters) – Drugmaker AbbVie Inc generates most of its sales in the United States, while shifting most of its profits overseas in order to avoid U.S. taxes,…
SHANGHAI – Foreign investors continued to cut holdings in Chinese bonds in June but added positions in equities, bucking the trend in other emerging markets (EM), the Institute of International…
MILAN – A global crunch in semiconductor supply could cost Stellantis up to 220,000 vehicles this year in terms of lost output in Italy, the FIM CISL union said, adding…
(Reuters) -Britain has proposed a cut in value-added tax, or VAT, to help households with the cost of living, The Times reported on Thursday. Prime Minister Boris Johnson’s chief of…
PARAMUS, NJ – Police aren’t sure why, but vandals cut down the flag pole bearing the American flag and POW-MIA flag in front of Paramus VFW POST 6699 overnight Wednesday.…
SHANGHAI – China’s central bank needs to keep cuts to interest rates and banks’ reserve requirement ratio among its policy options while waiting for the economy to bounce back, a…
By Medha Singh (Reuters) – Executives at electric car marker Tesla, drug maker Novartis and retailer Bed Bath and Beyond are cutting spending or jobs while others are shelving projects…
FRANKFURT – Deutsche Lufthansa’s Swiss business said on Tuesday it would cut about 2% of its flights scheduled between August and October because of labour shortages, strikes and rising COVID-19…
SAO PAULO – Volkswagen AG is set to cut working hours and wages at its Sao Bernardo do Campo factory in Brazil as it grapples with a lack of auto…
DUBAI – Electric carmaker Tesla will reduce its salaried workforce by roughly 10% over the next three months, Chief Executive Elon Musk said on Tuesday. The cuts would amount to…
LONDON – Businesses should do more to reduce prices in the coming months to help Britons struggling with rising inflation, the government’s cost of living tsar said, as a minister…
House Dems Approve Massive Defense Budget Despite Calls To Cut Spending Micaela Burrow on June 16, 2022 The House Appropriations Subcommittee on Defense approved House Democrats’ personnel-focused $762 billion defense…
By Madeline Chambers and Christoph Steitz BERLIN -Russia’s Gazprom on Wednesday announced a further cut in the amount of gas it can pump through the Nord Stream 1 pipeline to…
(Reuters) – Real estate brokers Compass Inc and Redfin Corp said on Tuesday they will cut jobs as rising mortgage rates and the prospect of aggressive rate hikes eat into…
(Reuters) -Stitch Fix Inc said on Thursday it is reducing its workforce by around 15% of salaried positions, as the online personalized styling service firm aims to return to profitability.…
(Reuters) -Russia said on Thursday it did not expect Gazprom to cut gas supplies to any more European customers and said its scheme to make buyers pay for gas in…
By Nevzat Devranoglu ANKARA -Turkey’s lira tumbled more than 2% against the U.S. dollar on Wednesday and its bonds dropped sharply as worries grew over a surge in inflation and…
By Stefanno Sulaiman JAKARTA – Indonesia Trade Minister Muhammad Lutfi said on Tuesday the government would bring down its combined maximum crude palm oil export and levy rate to $488…
By William Schomberg LONDON – British shoppers facing a surge in inflation cut their spending in May by the most since the country was in a coronavirus lockdown in early…
(Reuters) -Amarin Corp Plc said on Monday it would cut its workforce by 40%, as the drugmaker’s fish-oil derived heart drug faces stiff competition from generic rivals in the United…
By Saqib Iqbal Ahmed NEW YORK -Speculators’ net long bets on the U.S. dollar fell to a five-week low, according to calculations by Reuters and U.S. Commodity Futures Trading Commission…
(Reuters) – General Motors Co on Wednesday said it will sharply cut prices on its electric Chevrolet Bolt after the Detroit automaker had halted sales for six months following a…
(Reuters) – The Biden administration on Tuesday said it would substantially reduce the cost of building wind and solar energy projects on federal lands to help spur renewable energy development…