US consumers keep vehicles for a record 12.5 years on average -S&P
By Paul Lienert (Reuters) – Americans in the waning days of the COVID pandemic are keeping their combustion-engine vehicles longer,…
2023
Nigeria inflation quickens in April as food prices surge
By Chijioke Ohuocha ABUJA (Reuters) – Nigeria’s annual inflation rose to 22.22% in April from 22.04% the previous month, as…
KKR-backed Envision Healthcare files for bankruptcy
(Reuters) -KKR & Co Inc-backed Envision Healthcare Corp and its wholly owned subsidiaries filed for Chapter 11 bankruptcy protection on…
Philippine central bank signals pause in tightening cycle as inflation cools
By Neil Jerome Morales and Enrico Dela Cruz CEBU, Philippines (Reuters) – The Philippine central bank could pause interest rate…
In South America’s remote Chaco, deforestation uproots natural rhythms
By Agustin Marcarian GRAN CHACO, Argentina (Reuters) – In the vast Chaco forests of northern Argentina, Noole rests from the…
Novartis names Sandoz board members ahead of spin-off
ZURICH (Reuters) – Novartis on Monday named the intended new board members of Sandoz, the generics business it plans to…
China central bank to keep liquidity ample, support economic recovery
BEIJING (Reuters) – China’s central bank said on Monday it would keep liquidity reasonably ample and interest rates reasonable and…
World Stocks Climb On Hopes Of Successful Debt Ceiling Outcome
By Nell Mackenzie LONDON (Reuters) -World stocks rose on Monday on cautious optimism ahead of this week’s deliberations over the…
Global equity funds see 4th week of outflows on slowdown worries
(This May 12 story has been corrected to change the inflation-linked bonds’ outflows to $125.3 million from $268 billion in…
“Cut the price of baby products”, says Italy’s inflation watchdog
ROME (Reuters) – Italy’s industry minister said on Monday that a cut in sales tax on baby products has not…