Jack Daniel’s-maker Brown-Forman cuts annual sales forecast as demand softens
(Reuters) – Brown-Forman cut net sales forecast for 2024 on Wednesday as cost-conscious consumers looked at cheaper alternatives to the whiskey-maker’s more pricier brands in the United States, dragging the company’s shares…
Mexican central bank keeps interest rate steady, softens language
MEXICO CITY (Reuters) -The Bank of Mexico held its benchmark interest at 11.25% on Thursday as expected, underscoring it will likely maintain the reference rate at its current level for “some time,”…
Air New Zealand eyes lower earnings for first half as domestic demand softens
By Ayushman Ojha (Reuters) -Air New Zealand on Thursday flagged lower earnings for first half of fiscal 2024 on a recent softness in domestic travel demand and volatility in jet fuel prices,…
Japan’s service activity growth softens in July – PMI
TOKYO (Reuters) – Japan’s service sector activity expanded at a slightly slower pace in July as new business growth eased and cost pressures remained high, but the overall performance of the sector…
China’s services activity softens as recovery falters – Caixin PMI
BEIJING (Reuters) – China’s services activity expanded at the slowest pace in five months in June, a private-sector survey showed on Wednesday, as weakening demand weighed on post-pandemic recovery momentum. The Caixin/S&P…
Remittances to Mexico hit record, but strong peso softens impact
By Kylie Madry MEXICO CITY (Reuters) – Mexico brought in close to $5.7 billion in remittances in May, central bank data showed on Monday, breaking a monthly record that analysts cautioned was…
ECB’s Kazaks sees rate hikes past July even as economy softens
SINTRA, Portugal (Reuters) – The European Central Bank will likely keep raising interest rates after its next meeting even as the economy slows because inflation remains too high, ECB policymaker Martins Kazaks…
United Airlines warns of macro risks, says ready to act if economy softens further
By Rajesh Kumar Singh CHICAGO (Reuters) – United Airlines Holdings Inc on Wednesday said macroeconomic risks have increased following turmoil in the banking industry last month that led to a sharp, brief…
Column-U.S. debt ceiling saga softens Fed’s QT: McGeever
By Jamie McGeever ORLANDO, Fla. (Reuters) – If the Federal Reserve is to ease U.S. monetary policy this year, it may be a backdoor loosening around its quantitative tightening channel rather than…
Column-U.S. debt ceiling saga softens Fed’s QT: McGeever
By Jamie McGeever ORLANDO, Fla. (Reuters) – If the Federal Reserve is to ease U.S. monetary policy this year, it may be a backdoor loosening around its quantitative tightening channel rather than…
UK jobs market softens again in December – REC
LONDON (Reuters) – Britain’s labour market cooled further in December, according to a survey of recruiters published on Tuesday that may ease some of the Bank of England’s concerns about the risks…
Fed will face complicated choices as labor market softens: George
(Reuters) – The Federal Reserve will face some hard choices and delicate communications challenges as it fights still-high inflation even as the labor market begins to soften, Kansas City Federal Reserve Bank…
Britain softens business rates blow with 13.6 billion stg support package
By James Davey LONDON (Reuters) -Britain will provide 13.6 billion pounds ($16.1 billion) of support to retail, hospitality and leisure companies facing higher business rate bills next year, to help them through…
Elon Musk Softens Stance On Freedom Of Speech In Call With Advertisers: Doesn’t Mean ‘Freedom Of Reach’
Elon Musk Softens Stance On Freedom Of Speech In Call With Advertisers: Doesn’t Mean ‘Freedom Of Reach’ John Hugh DeMastri on November 9, 2022 Twitter’s owner and CEO Elon Musk seemingly softened…
Exclusive-JPMorgan to hire about 2,000 engineers even as economy softens
By Lananh Nguyen PLANO, Texas (Reuters) – JPMorgan Chase & Co plans to hire about 2,000 engineers worldwide through the end of the year despite a worsening economy, its global chief information…
UK consumer spending softens, job ads fall in past week
LONDON – British consumers’ spending on credit and debit cards fell slightly over the past week and the number of job adverts declined, while restaurant bookings rose sharply, weekly data collated by…
Russia softens capital controls to allow companies to transfer forex overseas
(Reuters) – Russia on Tuesday said export-focused companies can transfer foreign currency to accounts overseas under certain conditions in a move aimed at helping to pay for imports and to dampen the…
Investors rein in rate hike bets after BoE softens message
By David Milliken LONDON -Investors scaled back their expectations for future Bank of England interest rate rises this year, sending British bond prices sharply higher, after the BoE hiked again on Thursday…
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