WTO halves 2023 goods trade growth forecast
GENEVA (Reuters) – The World Trade Organization halved its growth forecast for global goods trade this year, saying that persistent inflation, higher interest rates, a strained Chinese property market and the war…
Marketmind: A quart and two halves
A look at the day ahead in U.S. and global markets from Mike Dolan. After a heady January brew, investors now see triples all round. Global stock markets put in their best…
MetLife third-quarter profit more than halves on lower investment returns
(Reuters) – MetLife Inc on Wednesday reported a 53% drop in third-quarter profit as economic pressures and a global market rout led to weaker returns from the U.S. insurer’s investments. The company’s…
Fed to hike by 75 bps again on Nov. 2, should pause when inflation halves – economists: Reuters poll
By Prerana Bhat BENGALURU (Reuters) – The U.S. Federal Reserve will go for its fourth consecutive 75 basis point interest rate hike on Nov. 2, according to economists polled by Reuters, who…
EV maker Lucid halves 2022 production forecast as supply chain snarls hit
(Reuters) – Lucid Group on Wednesday halved its production forecast for electric vehicles, blaming extraordinary supply chain and logistics challenges, sending its shares down 10% after the bell. The company now expects…
India aviation regulator halves SpiceJet’s capacity after snags
BENGALURU – India’s aviation regulator on Wednesday ordered SpiceJet to slash its approved fleet to 50% this summer for eight weeks citing safety snags and said it will subject the domestic airline…
Garuda Indonesia halves debt with restructuring, on track for profit – government
JAKARTA – Garuda Indonesia has halved its debt and achieved comparable cuts to aircraft leasing costs in negotiations that have set the airline up for profitability, the Indonesian government said on Tuesday.…
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