(Reuters) – Russian First Deputy Prime Minister Andrei Belousov says the rouble is overvalued and industry would be more comfortable if it fell to between …
By Giuseppe Fonte and Valentina Za ROME – Italy expects to reach an informal agreement with European Union authorities soon over new restructuring goals for …
Drug-Plagued State Sees Record Overdoses Thanks To Fentanyl Epidemic Jennie Taer on June 14, 2022 Kentucky has seen a record year of overdose deaths as …
PARIS – France’s economy should avoid falling into recession during the current quarter after contracting in the first three months of the year, the central …
WASHINGTON – Friday’s consumer price data is likely to reflect the continued impact that Russia’s invasion of Ukraine is having on food and energy prices, …
By Divya Chowdhury MUMBAI – Standard Chartered Chief Executive Bill Winters expects central banks’ fight against surging inflation, driven by structural cost pressures such as …
By Leigh Thomas PARIS – The war in Ukraine has made the growth outlook far bleaker even though the global economy should avoid a bout …
By Aluisio Alves SAO PAULO – Kraft Heinz Co aims to double the pace of its sales growth in Latin America, making the region its …
TRENTO, Italy – Alliances and partnerships remain important for the development of companies controlled by the Benettons, the chairman of the family’s holding company Edizione …
PARIS – France’s finance minister said on Sunday he expected positive growth for 2022, but would revise economic forecasts at the start of July. “It’s …
PARIS – CMA CGM said on Friday that geopolitical and economic risks were clouding its outlook despite another surge in profits due to a saturated …
By Erwin Seba HOUSTON – Forecasters on Thursday amped up their outlook for the U.S. Atlantic hurricane season, saying warm sea temperatures and the absence …
(Reuters) – U.S. employers in the technology sector cut nearly nine times more jobs in May than in the first four months of the year …
By Elizabeth Dilts Marshall and Niket Nishant NEW YORK – Wells Fargo & Co’s Chief Executive Officer Charlie Scharf said Wednesday he wants to grow …
MILAN – Deutsche Bank economists have ramped up expectations over European Central Bank policy tightening and now expect one of the two interest rate hikes …
‘Blaxit’: White House Sees Massive Exodus Of Black Staffers Sebastian Hughes on May 31, 2022 A significant number of black staffers have left the Biden administration …
MILAN – Italy’s business lobby Confindustria forecasts an almost 2% hit on the country’s gross domestic product (GDP) on average per year in 2022 and …
(Reuters) – Kansas City Federal Reserve Bank President Esther George on Monday said she expects the U.S. central bank to lift its target interest rate …
By Jorgelina do Rosario LONDON – Emerging economies will face a “tough terrain” for the next few quarters due to the Russia-Ukraine war, Atsi Sheth, …
By Uditha Jayasinghe and Swati Bhat COLOMBO – Sri Lanka’s central bank governor said on Thursday he will stay on as head of the bank …
(Reuters) -Singapore Airlines Ltd (SIA) does not expect its growth plans to take a major hit because Boeing Co pushed back the date for delivery …
MONTREAL – Air Canada sees higher-margin business travel coming “quite close” to pre-pandemic levels by as early as September, in the latest encouraging sign for …
(Reuters) – Russia’s economy has shown resilience to Western sanctions, Economy Minister Maxim Reshetnikov said on Wednesday, expressing confidence that inflation in Russia will slow …
LONDON – Morgan Stanley said on Wednesday Ukraine’s economy could slump as much as 60% year-on-year in 2022 in case of a “more prolonged conflict …
By Richa Naidu LONDON – Imperial Brands said on Tuesday it was starting to see some recovery of sales of cigarettes in duty-free shops at …
MILAN – Italy’s Zegna is aiming for revenue above 2 billion euros ($2.1 billion) in the medium term, up from the 1.29 billion euros posted …
By Dave Sherwood and Nelson Acosta HAVANA – Cuba´s ailing economy has begun to recover in some sectors after two years of pandemic-induced contraction but …
(Reuters) – Carvana Co on Friday forecast significant core earnings for 2023, as the online used-car retailer spelled out plans to rein in spending on …
LOS ANGELES – A closely watched transportation report on Thursday said “the prospect of freight recession is now considerable” as the spending shift from goods …
By Marcelo Teixeira NEW YORK -Global commodities trader Louis Dreyfus projected on Wednesday that Brazilian mills will divert a larger-than-expected amount of sugarcane to ethanol …
(Reuters) – Belarusian Prime Minister Roman Golovchenko said on Wednesday he expected interest rates in his country to fall following rate cuts by the Russian …
By Jesús Aguado MADRID – Spain’s transition to cleaner energy could bring more notable risks to sectors with higher CO2 emissions, such as transport, manufacturing …
By David Randall NEW YORK – The global economy is in recession and recent stock market volatility is a sign investors believe that the Federal …
FRANKFURT – German flag carrier Lufthansa said on Tuesday it sees no further significant restructuring costs this year, a relief after reorganisation efforts amid the …
DUBLIN – U.S. aircraft lessor Aircastle is bracing for tough discussions with insurers over aircraft it cannot recover from Russia, the chief executive of the …
ATHENS – Greece’s economy is forecast to expand by 2.9% this year with growth expected to pick up to 3.5% in 2023, helped by increased …
LONDON -Martin Sorrell said his S4 Capital would strengthen its financial controls as he published delayed full-year results that showed 2021 gross profit growth up …
FRANKFURT -The European Central Bank is preparing for a sequence of rate hikes that will put its benchmark rate in positive territory, but the path …
By Marine Strauss BRUSSELS – ArcelorMittal reported higher-than-expected core profit in the first quarter on Thursday, but said it now forecast a slight contraction in …
WASHINGTON – The U.S. economy is expected to continue its expansion this year despite a surprise contraction in the first quarter, the U.S. Treasury’s chief …
WASHINGTON – The United States does not believe that there is a threat of Russia using nuclear weapons despite a recent escalation in Moscow’s rhetoric, …
By Kanishka Singh (Reuters) – Canada’s most populous province of Ontario on Thursday forecast steadily declining deficits over the medium term helped by a strong …
By Joyce Lee SEOUL -South Korean chipmaker SK Hynix Inc said it expects solid demand for server chips to offset weaker growth from personal computers …
CHICAGO – General Electric Co Chief Executive Larry Culp said the company is not expected to fully offset soaring costs this year despite price increases. …
WASHINGTON -The European Central Bank is likely to end its bond purchase scheme in early third quarter and raise rates before the end of the …
CLEVELAND–The Area Port of Cleveland oversees major express consignment operations (ECO) in Indianapolis, Cincinnati, and Louisville. U.S. Customs and Border Protection (CBP) officers that work …
By Rajesh Kumar Singh CHICAGO – United Airlines Holdings on Wednesday forecast a profit for the second quarter as it expects booming travel demand to …
(Reuters) – San Francisco Federal Reserve President Mary Daly on Wednesday said it’s unlikely inflation will fall to 2% this year, but she does expect …
(Reuters) – The U.S. Federal Reserve should proceed sensibly in raising interest rates as it waits to see if special factors pushing up inflation begin …
By Andrea Shalal WASHINGTON – World Bank President David Malpass on Wednesday said he expects a “strong effort” by major economies to reduce their dependence …