Brazil set to make another 10% cut in import tax rates
BRASILIA -Brazil’s government announced on Monday a new 10% reduction in the tax rate for import goods on a large part of products purchased abroad, …
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Brazil’s Air Force to cut Embraer order to 15 aircraft -report
SAO PAULO -The Brazilian Air Force has decided to cut its order for Embraer SA’s KB-390 military cargo planes to 15 aircraft from 22 previously, …
Exclusive-Europe aims to revive magnesium output by 2025 to cut China reliance
By Eric Onstad LONDON – EU policymakers have launched a drive to restart domestic output of magnesium, used in aluminium and steel products, with at …
Inflation crimps Indian firms as rural millions cut spending
By Krishna N. Das and Aftab Ahmed NEW DELHI – Surging inflation is forcing many poor Indians to rein in spending, threatening a slowdown for …
S.African central bank eyes digital rand to cut cross-border payment costs
By Rachel Savage and Promit Mukherjee LONDON/JOHANNESBURG – A digital rand in South Africa could cut the high cost of cross-border payments for banks but …
BLM Cut Massive Checks for Co-Founder’s Brother, Father Of Her Child
BLM Cut Massive Checks for Co-Founder’s Brother, Father Of Her Child Harold Hutchison on May 17, 2022 Black Lives Matter paid hundreds of thousands of …
S.Africa retailer Pick n Pay to cut $187 million in costs in 3 years
By Nqobile Dludla JOHANNESBURG – South African grocery and clothing retailer Pick n Pay aims to cut costs by 3 billion rand ($187 million) in …
Investors cut valuations of Latam startups -Creditas founder
By Tatiana Bautzer NEW YORK – Investors have been reducing valuations of Latin American startups during the global stock market rout and in an environment …
New Ad Claims Biden Can Cut Gas Prices By 30 Cents Per Gallon ‘With The Stroke Of A Pen’
New Ad Claims Biden Can Cut Gas Prices By 30 Cents Per Gallon ‘With The Stroke Of A Pen’ Thomas Catenacci on May 9, 2022 …
Russian weekly inflation eases after rate cut
(Reuters) -Russia’s weekly inflation rate eased in late April, data from statistics service Rosstat showed on Friday, confirming an easing of crippling price pressures days …
Sanctions tighten screws on Russia’s Sovcomflot as ship insurers cut cover
By Jonathan Saul LONDON – Western ship insurers are terminating cover for Russia’s leading shipping company Sovcomflot as multiple sanctions start to bite, companies involved …
Spain’s GDP growth slows to 0.3% in Q1 as Madrid readies cut to 2022 outlook
MADRID – Spain’s economy expanded 0.3% in the first quarter from the second, preliminary data showed on Friday, slowing down from 2.2% in the previous …
Saudi Arabia may cut June crude prices to Asia from record highs
By Florence Tan and Muyu Xu SINGAPORE – Top oil exporter Saudi Arabia may cut prices for crude grades sold to Asia in June after …
Investment banks rush to cut yuan forecasts following rapid losses
SHANGHAI – Global investment houses have rushed to cut their yuan forecasts as China’s currency heads for its worst month in decades, with optimism souring …
Amsterdam airport asks airlines to cut flights to avoid chaos
AMSTERDAM – Amsterdam’s Schiphol airport has asked airlines to cancel flights over the weekend to avoid chaos due to overcrowding at Europe’s third busiest airport, …
Sanders seeks to cut $10 billion funding proposal for new NASA lunar lander
By Joey Roulette and David Shepardson WASHINGTON – U.S. Senator Bernie Sanders asked lawmakers to delete language from a bill that would fund development of …
Russia To Cut Gas Supplies To Poland, Bulgaria
Russia To Cut Gas Supplies To Poland, Bulgaria Thomas Catenacci on April 26, 2022 Russia is reportedly planning to halt all natural gas pipeline flows …
Pot producer Canopy to cut 250 jobs in profitability bid
(Reuters) – Canopy Growth Corp said it would lay off about 250 employees as part of a cost-cutting plan as the Canadian pot producer tries …
Robinhood to cut its workforce by 9%
(Reuters) – Retail trading platform Robinhood Markets Inc said on Tuesday it is laying off about 9% of its full-time employees, sending its shares down …
Ecuador’s president expects oil prices to cut its fiscal deficit
By Alexandra Valencia QUITO – Ecuador could reduce this year’s fiscal deficit more than it predicted, if crude prices remain high and it is able …
Explainer-EU’s options to cut Russian oil imports – and their drawbacks
By Francesco Guarascio and Kate Abnett BRUSSELS – The European Union is considering options to cut imports of Russian oil as part of possible further …
Nektar to cut over 500 jobs following cancer drug failure
(Reuters) – Nektar Therapeutics said on Monday it would lay off about 70% of its workforce, or more than 500 employees, after stopping the development …
Ukraine says Russia is targeting railways to cut arms supply routes
(Reuters) – Ukraine’s military command said on Monday that Russia was trying to bomb Ukraine’s rail infrastructure in order to disrupt arms supplies from foreign …
Rising energy prices push almost half German companies to cut new investments – survey
BERLIN – Around 40% of German companies are already feeling the impact of rising energy prices and almost half want to reduce investments due to …
Some Chinese state banks will cut deposit rates on Monday – sources
SHANGHAI – Some Chinese state banks, such as Bank of China and Bank of Communications, will cut deposit rate ceilings on Monday, joining smaller lenders, …
EU works to cut cost of Russia oil ban to win over sceptics – source
By Francesco Guarascio BRUSSELS – The European Commission is working to speed up the availability of alternative energy supplies to try to cut the cost …
Goldman CEO, top deputies to get cut of profits from bank’s private investment funds – WSJ
(Reuters) – Goldman Sachs Chief Executive David Solomon and his top deputies will get a part of profits from the bank’s private investment funds, the …
China likely to lower benchmark lending rates after RRR cut – Reuters poll
SHANGHAI – Benchmark lending rates for China’s commercial banks are likely to be lowered at a monthly fixing on Wednesday, a Reuters survey showed, as …
Analysts see less room for China rate cuts after ‘conservative’ RRR cut
SHANGHAI – The smallness of a cut to the amount of money Chinese banks must hold in reserves may reflect concern by the Chinese central …
Russian central bank sees room for rate cut -policymaker to Interfax
(Reuters) – Russia’s central bank sees room for an interest rate cut as weekly inflation is slowing, Deputy Governor Alexei Zabotkin said on Thursday, Interfax …
China seen holding medium-term rate steady Friday, RRR cut seen more likely- Reuters poll
SHANGHAI/BEIJING – China’s central bank is set to step up monetary easing efforts, but a vast majority of market participants in a Reuters poll conducted …
U.S. pushes U.N. to cut N.Korea oil imports, ban tobacco, blacklist Lazarus hackers
By Michelle Nichols UNITED NATIONS – The United States is pushing the U.N. Security Council to further sanction North Korea over its renewed ballistic missile …
Novartis to cut thousands of jobs in global revamp – paper
ZURICH – Swiss drugmaker Novartis will cut thousands of jobs worldwide as it combines its pharma and oncology businesses in a reorganisation announced last week, …
Rio Tinto got Rusal shipment weeks after vowing to cut Russia ties-data
By Joe Bavier, Clara Denina and Helen Reid JOHANNESBURG – Rio Tinto Ltd received an alumina shipment from Russia’s Rusal in late March, weeks after …
Invesco to cut stake in India’s Zee by more than a third to 11%
MUMBAI – U.S. investment firm Invesco is set to cut its holding in India’s Zee Entertainment by more than a third to 11%, it said …
Bolsonaro holds off on fresh industrial tax cut pending court review -sources
BRASILIA – Brazilian President Jair Bolsonaro has decided against an additional cut in the IPI industrial tax because of questions about the legality of the …
Spain’s 2021 budget gap narrows more than expected, further cut seen
MADRID – Spain’s budget deficit narrowed to 6.76% of gross domestic product last year from over 10% in 2020, beating forecasts from international organisations and …
Australia’s Qantas aims to cut carbon emissions 25% by 2030
By Jamie Freed SYDNEY -Qantas Airways Ltd plans to reduce carbon emissions by about 25% by 2030, in part by boosting sustainable aviation fuel to …
ECB tells banks to cut lending to indebted borrowers after binge
FRANKFURT – The European Central Bank has told banks to cut lending to the most indebted borrowers, which could poke a hole in their balance …
Ship engine makers cut ties with Russia as maritime trade pressure grows
By Jonathan Saul LONDON – Finland’s Wartsila, a leading ship engine maker, has suspended business with Russia including equipment training while German counterpart MAN Energy …
Farm equipment makers cut pre planting season production as U.S. inflation bites
By Bianca Flowers – Howard Dahl stopped taking farm equipment orders from customers as a shortage of parts and labor and escalating inflation threatened profits …
U.S. to sell more LNG to Europe to help it cut dependence on Russia – Biden
BRUSSELS – The United States will supply more liquid natural gas (LNG) to the European Union to help it reduce its reliance on gas supplies …
Aegon sells Hungarian arm to VIG, acts to cut debt
– Aegon has completed the sale of its Hungarian arm to Vienna Insurance Group (VIG) for 620 million euros ($682 million), the Dutch insurer said …
Business Groups File Legal Challenge Against Oregon Over Climate Plan Forcing 90% Emissions Cut
Business Groups File Legal Challenge Against Oregon Over Climate Plan Forcing 90% Emissions Cut Thomas Catenacci on March 22, 2022 A coalition of a dozen …
Italian study shows ventilation can cut school COVID cases by 82%
ROME – An Italian study published on Tuesday suggests that efficient ventilation systems can reduce the transmission of COVID-19 in schools by more than 80%. …
Brazil tax cut for ethanol, sugar, soy oil imports to have little impact -analysts
By Roberto Samora SAO PAULO – Brazil’s recently announced tax cut for ethanol, sugar and soy oil imports should have little impact on trade deals …
UK’s Sunak says his priority is to cut taxes
LONDON -British finance minister Rishi Sunak said on Friday his priority was now to cut taxes having already taken measures to tackle the huge hole …
IEA urges reduced transport to cut oil use amid supply crunch
By Noah Browning LONDON -The International Energy Agency (IEA) on Friday urged consumers to travel less, share transport and drive more slowly, part of a …
Ukraine crisis could cut 1% off global growth this year – OECD
PARIS – The Ukraine crisis could knock more than a percentage point off global growth this year and add two and a half percentage points …
Brazil unveils plan to cut taxes on forex transactions by 2029
BRASILIA – Brazil’s government published a decree on Tuesday to phase out taxes on financial operations using foreign exchange, known as IOF taxes, as part …