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…
Toyota lowers 2022 output target to 9.5 million units, it tells suppliers -sources
By Maki Shiraki TOKYO (Reuters) – Toyota Motor Corp has told several of its suppliers it has lowered its global production target for the year to 9.5 million units, two people familiar…
Hong Kong lowers buyer stress test requirement for mortgages
HONG KONG (Reuters) -Hong Kong’s de facto central bank has relaxed a mortgage stress test requirement for property buyers, it said on Friday, in response to rising interest rates and a softening…
Murphy Administration Lowers Gas Tax by One Penny
TRENTON, NJ – Gas tax in New Jersey is being reduced by one penny. That decrease is not likely to have any tax relief impact on New Jersey residents, and today, one…
Nordstrom lowers annual forecast as inflation hits demand
(Reuters) -Nordstrom Inc cuts its annual revenue and profit forecasts on Tuesday, a sign that decades-high inflation was squeezing consumer spending on its high-end clothing and footwear. Shares of the Seattle-based firm…
James Hardie lowers annual profit forecast on inflation hit
By Riya Sharma (Reuters) -James Hardie cut its annual profit forecast on Tuesday, marking a dramatic shift in stance from the world’s top fibre cement maker as soaring operating costs and a…
Auto supplier Aptiv lowers outlook as China lockdowns, costs bite
(Reuters) -Auto parts supplier Aptiv Plc on Thursday cut its full-year profit and revenue forecast, as lockdowns in China took a bite out of quarterly results, while the industry continues to struggle…
BofA lowers 2023 forecast for Mexico economy, cites potential recession
MEXICO CITY – Bank of America has downgraded its 2023 growth forecast for Mexico’s economy to 0% from 1% amid a potential U.S downturn, analysts said in a research note, predicting the…
HeidelbergCement lowers profit outlook on high energy costs
FRANKFURT – HeidelbergCement, the world’s No.2 cement maker, on Thursday posted a 4.3% drop in second-quarter core profit, citing challenges ahead because of an unprecedented increase in energy prices. The results from…
Spain raises inflation forecast for 2022, lowers GDP growth target for 2023
MADRID – Spain raised its inflation forecasts for 2022 and 2023 and lowered its economic growth target for 2023, Economy Minister Nadia Calvino said on Tuesday, citing the war in Ukraine for…
Lockheed lowers 2022 revenue outlook on charges, F-35 headwinds
By Mike Stone WASHINGTON – U.S. weapons maker Lockheed Martin Corp lowered its 2022 revenue and earnings per share targets on Tuesday after F-35 fighter jet sales fell amid pandemic-related headwinds and…
Brazil automakers association lowers forecasts for 2022 production, sales
SAO PAULO – Brazil’s automakers association Anfavea on Friday lowered its 2022 estimates for the country’s auto industry production, with monthly output falling in June as companies grapple with auto parts supply…
Foot Locker to focus more on Adidas as Nike lowers presence
(Reuters) – Foot Locker Inc is aiming to triple Adidas’s sales of sneakers and other items at its stores, as it promotes the products of the German sportswear giant to counter Nike…
Costa Rica lowers GDP growth forecast for 2022 to 3.4%
SAN JOSE – Costa Rica lowered its economic growth projection for 2022 to 3.4%, down from the 3.9% set in January, the country’s central bank announced on Friday. “The downward revisions reflect…
Israeli study: 2nd vaccine booster significantly lowers COVID death rate
JERUSALEM – Senior citizens who received a second booster of the Pfizer–BioNTech COVID-19 vaccination had a 78% lower mortality rate from the disease than those who got one only, a study from…
S&P lowers Russia’s foreign currency rating to ‘BB+’
– Rating agency S&P said on Friday it lowered Russia’s long-term foreign currency sovereign credit ratings to ‘BB+/B’ from ‘BBB-/A-3’ and local currency ratings to ‘BBB-/A-3’ from ‘BBB/A-2’. The sanctions announced on…
Japan’s central bank lowers limits on CP, corporate bond purchases
TOKYO – The Bank of Japan (BOJ) said on Friday it had decided to reduce the maximum amounts of commercial paper (CP) and corporate bonds it can buy in a single issuer’s…
Russian cenbank widens Lombard List, lowers rating requirements
MOSCOW – The Russian central bank widened the Lombard List of collateral it agrees to take in exchange for provide banks with liquidity and also lowered rating requirements, expanding refinancing options for…
Video game publisher Electronic Arts lowers annual adjusted sales forecast
– Electronic Arts Inc lowered its annual adjusted sales forecast after missing quarterly estimates on Tuesday, as the video game publisher faces the brunt of easing pandemic restrictions and fewer consumers picking…
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