ECB lowers bar for lending to countries outside the EU
FRANKFURT (Reuters) – The European Central Bank said on Monday it would lower the bar for lending to central banks from outside the European Union in times of crisis. The changes should…
Brazil’s Azul lowers 2023 earnings forecast but sees better 2024
SAO PAULO (Reuters) – Brazilian airline Azul on Tuesday reduced its forecast for core earnings this year due to slower capacity growth and higher jet fuel price volatility but raised its view…
Canadian home sales fall for 3rd month; CREA lowers full-year forecast
By Fergal Smith TORONTO (Reuters) -Canadian home sales fell for a third straight month in September and the industry group that produces the data downgraded its forecast for the full year, anticipating…
IMF lowers Russia 2024 GDP growth forecast to 1.1%
(Reuters) – Russia’s economy will grow by 1.1% in 2024, slower than previously forecast, the International Monetary Fund said, after significant spending and resilient consumption in a stretched labour market support growth…
Tesla’s German plant lowers production target amid slower output – Business Insider
BERLIN (Reuters) – Tesla lowered the production target of its German plant to 4,350 a week in July and August after hitting 5,000 a week in March, and plans to reduce it…
Australia’s InvoCare agrees to revised $1.2 billion buyout offer from TPG
By Rishav Chatterjee (Reuters) -Australia’s InvoCare Ltd said on Wednesday it has agreed to a lower takeover offer from U.S. private-equity firm TPG Global, valuing the funeral service provider at A$1.8 billion…
Chile govt lowers forecast for 2023 economic growth
SANTIAGO (Reuters) – Chile’s government now expects gross domestic product (GDP) to grow 0.2% in 2023, Finance Minister Mario Marcel told the Senate on Wednesday, revising its forecast down from a previous…
Hochul, New York lowers age of lifeguards to 15
Governor Kathy Hochul has taken an important step in addressing the shortage of lifeguards in New York State by signing key legislation regarding the minimum age of lifeguards at children’s camps. The…
California DA Lowers Charges For Protesters Who Allegedly Vandalized Catholic Church
California DA Lowers Charges For Protesters Who Allegedly Vandalized Catholic Church Harold Hutchison on May 25, 2023 Marin County District Attorney Lori E. Frugoli announced that the charges against vandals who allegedly…
Fashion giant Shein raises $2 billion but lowers valuation by a third- WSJ
(Reuters) – Online fashion giant Shein raised $2 billion in its latest fundraising round that values the company at $66 billion, about a third less than a year earlier, the Wall Street…
National Retail Federation lowers US consumer good import forecast for first half of 2023
By Lisa Baertlein LOS ANGELES (Reuters) – Closely watched U.S. retail trade forecasters on Monday lowered their import target for the first half of 2023 and said they expect incoming ocean container…
Evesham Lowers Speed Limit in Kings Grant Neighborhood to Increase Pedestrian Safety
EVESHAM, NJ – Residents of Kings Grant neighborhood will see a change in their daily commute as the local agency lowers the speed limit on Kings Grant Drive and Crown Royal Parkway…
BYD lowers starting price for Seagull electric hatchback
SHANGHAI (Reuters) – Chinese electric car maker BYD has set the starting price for its Seagull hatchback at 73,800 yuan ($10,658.89), about 6.3% lower than its initial advertised price, its website showed.…
‘Open Season On Any Politician’: Trump Indictment ‘Lowers The Bar’ For Other Prosecutions, Experts Say
‘Open Season On Any Politician’: Trump Indictment ‘Lowers The Bar’ For Other Prosecutions, Experts Say Trevor Schakohl on April 7, 2023 Manhattan District Attorney Alvin Bragg has indicted former President Donald Trump…
Chile cenbank boosts GDP forecast for 2023 but lowers 2024 estimate
SANTIAGO (Reuters) – Chile’s central bank on Wednesday improved its expectations for the country’s economic growth this year but lowered estimates for 2024 as high inflation keeps hindering “sustainable” growth. The authority…
Indonesia lowers VAT on electric vehicles to 1%
JAKARTA (Reuters) – Indonesia has lowered its value-add tax on battery-based electric vehicle sales to 1% from 11% to encourage the adoption of EVs, a government ministry said on Monday, amid efforts…
IMF lowers bar on expectations for Argentina’s FX reserves
By Rodrigo Campos and Jorgelina do Rosario NEW YORK (Reuters) – The International Monetary Fund (IMF) executive board approved changes to Argentina’s reserves accumulation target set in their $44 billion program, as…
National Australia Bank lowers peak rate call for Australia to 3.85%, from 4.1%
By Stella Qiu SYDNEY (Reuters) – National Australia Bank said on Thursday it expects Australian interest rates to peak at 3.85%, down from a previous estimate of 4.1%. NAB added it still…
Factbox-Goldman Sachs lowers oil price forecasts for 2023, 2024
(Reuters) – Goldman Sachs lowered its crude price forecast for this year and 2024, citing a recent slump in oil prices due to banking stress, recession fears, and an exodus of investor…
Goldman Sachs lowers euro zone growth forecast; sees no growth for UK
(Reuters) – Goldman Sachs lowered its 2023 economic growth forecast for the euro zone on Monday, citing ongoing stress in the global banking system and an increase in economic uncertainty. The investment…
IMF lowers Saudi 2023 growth forecast to 2.6%
DUBAI (Reuters) – The International Monetary Fund (IMF) has revised its 2023 growth forecast for Saudi Arabia, the world’s top oil exporter, significantly downwards on the back of lower expected output. Growth…
Morgan Stanley lowers CEO Gorman’s 2022 compensation to $31.5 million
(Reuters) – Morgan Stanley Chief Executive Officer James Gorman’s total compensation for 2022 slipped 10% to $31.5 million, the bank said on Friday. Gorman’s total compensation will include an annual base salary…
Ecuador lowers taxes on capital sent abroad, guns
QUITO (Reuters) – Ecuador will lower taxes on capital sent abroad and items like alcohol and trim overall value-added tax on specific shopping days this year, President Guillermo Lasso said on Tuesday.…
Peru’s central bank slightly lowers 2023 economic growth estimate
LIMA (Reuters) – The Central Reserve Bank of Peru on Friday slightly reduced its economic growth projection for 2023 to 2.9% from 3.0%, according to a report published by the central bank.…
S&P Global lowers 2023 growth forecast for emerging markets
(Reuters) – S&P Global Ratings lowered its 2023 growth forecast for emerging economies on Tuesday, citing persistent pressures from the Russia-Ukraine conflict, a lingering COVID-19 pandemic and tight monetary policy conditions. The…
Bolivia lowers 2023 growth projection as general strike goes on
LA PAZ (Reuters) – Bolivia’s economy is forecast to grow 4.8% in 2023, less than the 5.1% growth previously forecast, the government announced on Monday during the presentation of next year’s budget.…
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