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 and a hoped-for turnaround was…
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 and a hoped-for turnaround was…
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 say a reversal in fortunes…
BERLIN (Reuters) – German business activity fell for the third consecutive month in September due to a sustained decline in demand for goods and services, pointing to a “deep” economic…
(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 investors assessed the impact from…
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 on Friday in a biannual…
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 for higher prices. His bargaining…
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 re-pricing bites. Borrowers are struggling…
(Reuters) – Citigroup equity strategists flagged a likely 5% contraction in global profits this year as turmoil in the banking sector raises the risk of a recession. Financial markets have…
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 on Wednesday, adding it expected…
WASHINGTON (Reuters) – The European Central Bank should consider starting to shrink its oversized stock of assets once interest rates rise to a level that neither stimulates nor slows economic…
NEW YORK (Reuters) – The European Central Bank should start shrinking its balance sheet once its interest rate is close to 2%, first by getting banks to repay their loans…
(Reuters) – Gap Inc is eliminating about 500 corporate jobs, the apparel chain said on Tuesday, as it struggles to protect margins and battles weak sales of outdated clothes at…
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 of Gross Domestic Product (GDP)…
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 due to drought and lofty…
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 send more barrels to the…
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 after the Federal Reserve raised…
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 first Mexican-born woman ever to…
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 recession is prompting debt investors…
WASHINGTON – The Biden administration released a report on Tuesday detailing recommendations to boost competition in its defense industrial base because rapid consolidation has created a national security risk. The…