Cuba’s economy still shrinking, minister says
By Marc Frank and Nelson Acosta HAVANA (Reuters) – Cuban economy minister Alejandro Gil said on Wednesday that the country’s economy likely shrunk this year …
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Analysis-China holds the key to Hong Kong’s shrinking stock market
By Summer Zhen and Xie Yu HONG KONG (Reuters) – Hong Kong’s efforts to revive its shrinking stock market are mere stopgap solutions, as analysts …
Shrinking German business activity points to Q3 contraction-PMI
BERLIN (Reuters) – German business activity fell for the third consecutive month in September due to a sustained decline in demand for goods and services, …
Factbox-Credit rating: The shrinking ‘triple A’ club
(Reuters) – Ratings agency Fitch on Tuesday downgraded the U.S. government’s top credit rating by a notch to ‘AA+’ sending jitters across global markets as …
Bundesbank sees German economy shrinking this year
FRANKFURT (Reuters) – The German economy, Europe’s biggest, will shrink this year and inflation will stay above 2% at least through 2025, the Bundesbank said …
Shrinking US cattle herd squeezes meatpacker profits
By Tom Polansek CHICAGO (Reuters) – U.S. cattle producer Brad Kooima declined multiple, escalating bids from meatpackers seeking to buy his livestock to hold out …
China’s top banks post shrinking margins in Q1
By Ziyi Tang and Engen Tham SHANGHAI/BEIJING (Reuters) – Five of China’s largest lenders posted shrinking margins in the first quarter on Friday, as loan …
Citigroup sees global profits shrinking 5% in aftermath of banking turmoil
(Reuters) – Citigroup equity strategists flagged a likely 5% contraction in global profits this year as turmoil in the banking sector raises the risk of …
Italy budget watchdog sees GDP shrinking by 0.2% in third quarter
ROME (Reuters) – The Italian economy is set to shrink by 0.2% in the third quarter of the year, the Italian parliament’s budget watchdog said …
ECB could start shrinking balance sheet once rates hit neutral, Knot says
WASHINGTON (Reuters) – The European Central Bank should consider starting to shrink its oversized stock of assets once interest rates rise to a level that …
ECB’s Villeroy lays out plan for shrinking balance sheet
NEW YORK (Reuters) – The European Central Bank should start shrinking its balance sheet once its interest rate is close to 2%, first by getting …
Gap eliminates 500 corporate jobs amid shrinking margins
(Reuters) – Gap Inc is eliminating about 500 corporate jobs, the apparel chain said on Tuesday, as it struggles to protect margins and battles weak …
It’s Official: Revised GDP Numbers Show The Economy Is Definitely Shrinking
It’s Official: Revised GDP Numbers Show The Economy Is Definitely Shrinking John Hugh DeMastri on August 25, 2022 The Department Of Commerce revised the estimate …
Shrinking U.S. cattle herd signals more pain from high beef prices
By Tom Polansek CHICAGO – U.S. consumers grappling with soaring inflation face more pain from high beef prices as ranchers are reducing their cattle herds …
Shrinking U.S. exports likely to build oil stocks at Cushing storage hub
By Laila Kearney and Stephanie Kelly NEW YORK – The shrinking discount of U.S. crude to Brent and rising Canadian oil imports this month will …
The U.S. economy is shrinking. The Fed’s rate hikes may have only just begun to bite
By Ann Saphir and Lindsay Dunsmuir (Reuters) – The U.S. economy contracted for a second straight quarter, the Commerce Department reported on Thursday, a day …
SHEFFIELD: Nancy Pelosi’s Incredible Shrinking House Majority
SHEFFIELD: Nancy Pelosi’s Incredible Shrinking House Majority Carrie Sheffield on June 15, 2022 After her decisive victory last night, Republican Mayra Flores will be the …
Analysis: European dealmakers face shrinking debt options as recession risk looms
By Pamela Barbaglia and Yoruk Bahceli LONDON – European dealmakers are struggling to finance corporate takeovers as concern that the region’s economies may dip into …
Pentagon seeks to boost competition in shrinking defense contractor base
WASHINGTON – The Biden administration released a report on Tuesday detailing recommendations to boost competition in its defense industrial base because rapid consolidation has created …