New York man charged after slowing on I-95 to take photo, causing crash that killed his three nephews, niece
JACKSONVILLE, Fla. — A New York man is in custody after allegedly slowing his car to a near stop on Interstate 95 to take a photo of the “Florida Welcomes You” sign,…
Bath & Body Works sees steeper sales drop on slowing demand
(Reuters) – Bath & Body Works on Wednesday warned of a steeper decline in annual sales as Americans deferred purchasing its pricier home fragrances and personal care products amid still-high inflation pinching…
China’s exports likely contracted further in July, imports downturn seen slowing: Reuters poll
By Joe Cash BEIJING (Reuters) – China’s exports likely contracted further in July, as manufacturers in the world’s second-largest economy struggled for buyers in markets grappling with high inflation and rising interest…
Australia home prices rise 5th straight month but pace slowing -CoreLogic
By Stella Qiu SYDNEY (Reuters) – Australia’s home prices rose for a fifth straight month in July, according to property consultant CoreLogic, although the monthly gain slowed as an increase in new…
Europe’s factories are slowing but no one has told cyclical stock investors
By Lucy Raitano LONDON (Reuters) – Euro zone manufacturing activity is deteriorating fast, as evidenced by Monday’s Purchasing Managers surveys, and yet European cyclical stocks are on a tear versus their defensive…
Mexico headline inflation seen slowing in early July to 2021 levels – Reuters poll
MEXICO CITY (Reuters) – Mexico’s headline inflation likely eased in the first half of July to its lowest level in more than two years, but still remained above the central bank’s target,…
SLB flags slowing N.America demand; international lifts profit
By Arathy Somasekhar and Arunima Kumar HOUSTON (Reuters) -SLB on Friday flagged weakening North America oilfield activity even as the company topped analysts’ estimates for second quarter profit, helped by a rebound…
Core inflation in Japan’s capital seen slowing sharply in July -analysts
TOKYO (Reuters) – Core inflation in Japan’s capital likely stayed above the central bank’s 2% target but slowed sharply in July, a Reuters poll showed on Friday, suggesting that easing cost pressures…
Atlas Copco posts Q2 profit beat, but sees slowing demand
(Reuters) -Swedish industrials group Atlas Copco on Wednesday reported second-quarter operating profit that beat market forecasts, but said demand was expected to weaken in the near term, sending its shares lower. Operating…
Bank of Canada hikes growth forecast and says inflation slowing only gradually
OTTAWA, July 12 (Reuters)-The Bank of Canada (BoC) on Wednesday raised its growth forecast for this year to 1.8%, up from the 1.4% predicted in April, as excess demand continues feed underlying…
Slowing inflation seen making Fed’s July hike its last
By Ann Saphir (Reuters) -Inflation is slowing rapidly enough to allow the Federal Reserve to stop tightening U.S. monetary policy after what is still widely expected to be an interest-rate hike at…
Argentina’s monthly inflation rate seen slowing to 7% in June
By Hernan Nessi BUENOS AIRES (Reuters) – Argentina’s monthly inflation rate is expected to slow to 7.0% in June, according to the median forecast in a Reuters poll, after hitting 7.8% in…
U.S. service sector picks up in June; inflation gradually slowing – ISM survey
WASHINGTON (Reuters) – The U.S. services sector grew faster than expected in June as new orders picked up, but a measure of prices paid by businesses for inputs fell to more than…
Australia eyes bigger budget surplus but warns economy still slowing
By Renju Jose SYDNEY (Reuters) – Australia’s budget surplus for 2022/23 will be bigger than the A$4.2 billion ($2.81 billion) projected in the May budget but high inflation and global challenges will…
Vietnam to extend VAT cut until year-end to prop up slowing economy
HANOI (Reuters) – Vietnamese lawmakers on Saturday approved a government plan to extend a reduction in value added tax (VAT) on goods and services until the end of this year to boost…
Slowing Chinese economy of more concern to EU firms than geopolitics – survey
By Joe Cash BEIJING (Reuters) – A slowdown in both the Chinese and global economies is the biggest issue affecting European firms in China, beating political tensions with the United States and…
IMF sees Honduran economic growth slowing to about 3% in 2023
TEGUCIGALPA (Reuters) – Honduran economic growth is seen slowing to about 3% in 2023, the International Monetary Fund (IMF) estimated in a statement issued on Friday, pointing to fewer remittances and pressures…
French growth seen fragile through 2023, inflation slowing – INSEE
PARIS (Reuters) – The French economy will grow 0.1% in the second quarter of the year, the INSEE statistics agency said, revising down an earlier forecast of 0.2% due to weak household…
Disney’s Iger may have to add slowing growth to his turnaround checklist
(Reuters) – Walt Disney Co’s quarterly revenue growth is expected to hit its lowest in nearly two years, underlining the hurdles that Chief Executive Bob Iger faces in revitalizing a company that…
Fed’s Jefferson says economy slowing in “orderly” manner
WASHINGTON (Reuters) – The U.S. economy is slowing in an “orderly fashion” that should allow inflation to decline even as growth continues, Fed Governor Philip Jefferson said on Tuesday. “The economy has…
Shipments from Ukraine slowing as Black Sea grain deal deadline nears
By Jonathan Saul LONDON (Reuters) – The pace of shipments from Ukraine under a U.N.-backed initiative has slowed as concerns grow over ships getting stuck if a deal is not renewed later…
Japan’s Feb consumer inflation seen slowing sharply on subsidies – Reuters Poll
TOKYO (Reuters) – Japan’s core consumer inflation likely slowed sharply in February from a 41-year high in the previous month, a Reuters poll of 20 economists showed, as government subsidies for gas…
Trulieve forecasts dour first-quarter revenue amid slowing demand
By Sourasis Bose (Reuters) -Trulieve Cannabis Corp on Wednesday forecast sequentially lower first-quarter revenue after reporting quarterly results that missed market expectations, as demand for cannabis-related products dropped amid regulatory challenges, inflation…
Mexico headline, core inflation seen slowing pace in February
MEXICO CITY (Reuters) – Mexico’s inflation likely slowed in February but still remained well above the official target, fueling expectations the central bank will raise its key rate again in its next…
Portugal economy grows 6.7% in 2022, but slowing down
LISBON (Reuters) – Portugal’s economy grew 6.7% in 2022, its strongest pace in 35 years, fuelled by domestic demand and booming tourism, but inflation put the brakes on private consumption in the…
Costa Rica’s economic growth seen slowing down this year
SAN JOSE (Reuters) – Costa Rica’s economic growth will likely slow this year, according to a central bank forecast released on Tuesday that also estimates faster growth in 2024. The central bank…
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