World Bank cuts 2024 global growth forecast as rate hikes bite but lifts 2023 outlook
By David Lawder WASHINGTON (Reuters) -The World Bank on Tuesday raised its 2023 global growth outlook as the U.S., China…
Asia
Ukraine denounces Russia as ‘terrorist state’ at World Court hearing
By Stephanie van den Berg and Anthony Deutsch THE HAGUE (Reuters) -Ukraine on Tuesday called Russia a terrorist state at…
Australia cenbank warns of more hikes ahead after raising rates to 11-yr high
By Stella Qiu SYDNEY (Reuters) -Australia’s central bank on Tuesday raised interest rates by a quarter-point to an 11-year high,…
Exclusive-China’s state banks told to lower cap on dollar deposit rates -sources
SHANGHAI/BEIJING (Reuters) – In a rare attempt to bolster China’s yuan, a self-regulatory body overseen by the country’s central bank…
Subway inks deal for 4,000 new sandwich shops in China over next 20 years
By Hilary Russ NEW YORK (Reuters) – Subway reached an agreement with a master franchisee to open nearly 4,000 new…
Nestle trials giving cash to coffee farmers who grow beans sustainably
By Maytaal Angel LONDON (Reuters) – Nestle is piloting a scheme to give cash to coffee farmers who grow beans…
VW’s China joint venture transforms Shanghai plant for EV production
SHANGHAI (Reuters) – Volkswagen’s Chinese joint venture with SAIC Motor has transformed one of its plants in Shanghai for production,…
Cathay Pacific to pay deferred dividend to HK govt as operations return to normal
(Reuters) – Cathay Pacific Airways Ltd said on Tuesday it would pay the deferred dividend of HK$1,524.1 million ($194.35 million)…
Marketmind: Markets level, Aussie hikes, crypto judders
A look at the day ahead in U.S. and global markets from Mike Dolan As world stock markets levelled off…
Global housing outlook brightens despite pressure from higher rates: Reuters poll
By Hari Kishan and Sarupya Ganguly BENGALURU (Reuters) – The outlook for most major housing markets has improved slightly from…