New Congestion Fees Force New Yorkers To Choose Between Steep Tolls And Crime-Ridden Public Transit
New York City will make its citizens choose between paying additional fees to drive into lower Manhattan with congestion pricing, or having to take a dangerous and unclean subway. The New York…
Latitude Group flags sharp drop in earnings due to cyberattack, shares fall
By Navya Mittal and Himanshi Akhand (Reuters) -Australia’s Latitude Group on Friday forecast a steep fall in fiscal 2023 earnings due to higher credit losses and provisions associated with a recent cyberattack,…
U.S. oil exports to Europe hit record in March on steep discounts
By Arathy Somasekhar HOUSTON (Reuters) – U.S. crude exports to Europe have hit a record 2.1 million barrels per day on average so far this month, spurred by wide discounts to the…
After steep climb in rates, Latam central banks show no signs of reversal
By Isabel Woodford MEXICO CITY (Reuters) – Latin American central banks have dashed hopes that they will back off sky-high benchmark interest rates, amid stubbornly high inflation, expected further tightening by the…
Steep levies on Russian aluminium could threaten U.S. nickel supply
By Pratima Desai LONDON (Reuters) – Russia is likely to limit exports of key metals such as nickel and palladium if the United States imposes steep taxes on imports of aluminium from…
Key Israel business group seeks steep cut in food tax
By Steven Scheer JERUSALEM (Reuters) – Israel’s Manufacturers’ Association on Sunday proposed tax cuts on food along with a host of other measures aimed at strengthening Israeli economic competitiveness and dealing with…
Portugal’s draft budget targets lower deficit despite steep slowdown
By Sergio Goncalves LISBON (Reuters) -Portugal unveiled its draft 2023 budget on Monday, projecting a steep slowdown in economic growth with high energy and food prices expected to weigh on private consumption,…
Chip stocks slide as Samsung, AMD expect steep fall in demand
(Reuters) – Dire forecasts from Samsung Electronics Co Ltd and Advanced Micro Devices Inc sent chip-related shares lower on Friday, sparking fears that a slump in demand for semiconductors could be much…
Revisions confirm steep decline in U.S. productivity in second quarter
WASHINGTON (Reuters) – U.S. worker productivity plunged in the second quarter, leading to the largest year-on-year decline on record, the government confirmed on Thursday, keeping upward pressure on labor costs. Nonfarm productivity,…
China’s top airlines post steep Q2 losses on COVID curbs
BEIJING/SYDNEY (Reuters) – China’s three biggest airlines posted on Tuesday a combined 28.4 billion yuan ($4.12 billion) second-quarter loss, wider than in the first quarter, due to major travel disruptions including a…
Some see few signs of a bottom in U.S. stocks, even after steep selloff
By Lewis Krauskopf NEW YORK – Despite a crushing selloff that pushed U.S. stocks into a bear market, investors see few signs suggesting equities have hit bottom, as persistent worries over surging…
Signs of market bottom elude investors after steep selloff
By Lewis Krauskopf NEW YORK – Investors are studying an array of indicators for clues on how much further a brutal slide in U.S. stocks could run, with some signs suggesting the…
Europe faces recession risk, so why are bond curves so steep?
By Yoruk Bahceli and Dhara Ranasinghe (Reuters) – The euro area economy is one of the most vulnerable to the fallout from Russia’s invasion of Ukraine, yet the message coming from its…
Germany faces steep recession if Russian oil and gas halted – banks
FRANKFURT – Germany will face a steep recession if there is a stop to imports or delivery of Russian gas and oil, a top German bank lobby warned on Monday. Europe’s largest…
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