OECD Slashes Growth Outlook, But Sees Limited Stagflation Risk
By Leigh Thomas PARIS (Reuters) – The war in Ukraine has made the growth outlook far bleaker even though the…
2022
Oil Prices Advance Despite U.S. Inventory Rise
By Ahmad Ghaddar LONDON (Reuters) -Oil prices rose on Wednesday, despite a likely rise in U.S. oil stocks, on the…
COVID Vaccine Rights Waiver Within Reach, WTO Chief Says Ahead Of Meeting
By Emma Farge GENEVA (Reuters) -An international agreement on waiving intellectual property rights for COVID-19 vaccines is within reach ahead…
Credit Suisse Flags Q2 Loss In Latest In String Of Profit Warnings
By Brenna Hughes Neghaiwi ZURICH (Reuters) – Credit Suisse warned on Wednesday of a likely second-quarter loss as volatility hit…
India’s central bank raises interest rate to fight inflation
NEW DELHI (AP) — India’s central bank on Wednesday raised its key interest rate to 4.9% from 4.4%, the second…
Pernod Ricard Banks On Digital Push To Boost Growth
By Dominique Vidalon PARIS (Reuters) -French spirits group Pernod Ricard said on Wednesday it was banking on its portfolio of…
Beijing’s Drive For Looser Lending Raises Fears Of Bank Margin Squeeze
SHANGHAI (Reuters) – Beijing’s mandate to aid virus-hit sectors has left China’s banking sector lagging behind a broader market rally…
Russia, Turkey back plan to export grains; Ukraine doubtful
ANKARA, Turkey (AP) — Russia and Turkey voiced support Wednesday for a safe corridor in the Black Sea to allow…
After Lockdown, Shanghai Tries To Mend Fences With Foreign Firms
SHANGHAI (Reuters) – Shanghai officials are seeking to revive confidence among multinational firms bruised and frustrated by the city’s COVID-19…
Asian shares fall as oil lingers above $120, yen sinks
TOKYO (AP) — Shares were mostly lower in Asia on Thursday as investors watched for fresh signs of inflation and…