GM shares fall as automaker outlines new cost-cutting drive
By Joseph White and Paul Lienert DETROIT (Reuters) -General Motors is wrestling with costs and struggling to build more electric…
2023
Meme stocks surge as tech rally gets too pricey for retail investors
By Bansari Mayur Kamdar (Reuters) – Meme stocks have surged in the last few weeks as retail investors shun pricier…
Deutsche Bank to buy back up to $497 million in shares
FRANKFURT (Reuters) -Deutsche Bank signalled a more positive outlook on Tuesday, saying it would undertake a 450 million euro ($497…
TikTok launches text-only posts to rival Elon Musk’s Twitter
(Reuters) – Chinese short-video app TikTok is allowing users to create text-only posts, in the latest attempt by a social…
IMF edges 2023 global economic growth forecast higher, sees persistent challenges
By Andrea Shalal WASHINGTON (Reuters) – The International Monetary Fund on Tuesday raised its 2023 global growth estimates slightly given…
Bank of England rates set to peak at 5.75% by year-end: Reuters poll
By Shaloo Shrivastava BENGALURU (Reuters) – The Bank of England will raise its Bank Rate by a quarter-point to 5.25%…
Brazil’s Copel to launch privatization offering of up to $1 billion
SAO PAULO (Reuters) – Brazilian electric utility Copel is planning to launch a public share offering between Tuesday and Wednesday…
Airlines shares hit turbulence on Alaska’s dour forecast, RTX engine problem
By Shivansh Tiwary (Reuters) -U.S. airlines stocks tumbled on Tuesday as investors were spooked by downbeat forecasts from Alaska Air…
Travis King crossing puts North Korea border tours under scrutiny
By Soo-hyang Choi and Josh Smith SEOUL (Reuters) -Tourists should expect far stricter supervision if visits to the border between…
Nigeria opts for small rate hike at first meeting after Emefiele’s suspension
By Chijioke Ohuocha ABUJA (Reuters) -Nigeria’s central bank raised its main lending rate by a smaller-than-expected 25 basis points on…