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…
Business
UBS sees agreement on Credit Suisse loss guarantee by June 7 – SEC filing
ZURICH (Reuters) -UBS expects to finalize its agreement with the Swiss government to cover up to 9 billion Swiss francs…
Ford Motor names Whirlpool exec as new supply chain chief
(Reuters) – Ford Motor Co on Tuesday named Whirlpool Corp’s Liz Door its chief supply chain officer, at a time…
Corebridge drops as AIG looks to sell down stake
NEW YORK (Reuters) – Shares of retirement services provider Corebridge Financial fell more than 6% on Tuesday as parent American…
General Electric to sell over $2 billion stake in GE HealthCare
(Reuters) – General Electric Co is offering 25 million of common stock, or an over $2 billion stake, in GE…
Container shipping freight rates are too low, says Hapag Lloyd CEO
FRANKFURT (Reuters) -Global container shipping freight rates have reached unsustainable levels and must rebound, the chief executive of Germany’s Hapag…
US interest rate swap market embraces new rate as LIBOR deadline nears
By Harry Robertson LONDON (Reuters) – New trades in the enormous U.S. dollar interest rate swap market have almost entirely…
Brazil’s May inflation seen at eight-month low, opening window for rate cuts: Reuters poll
By Gabriel Burin (Reuters) – Brazilian inflation probably declined to an eight-month low in May versus April, opening a much…
BorgWarner sees EV, hybrid parts business generate nearly half of sales by 2027
(Reuters) – Auto parts supplier BorgWarner on Tuesday forecast its electrified-vehicle business would generate about half of its total expected…
J M Smucker sees smaller decline in annual sales on higher prices, steady demand
(Reuters) – Jif peanut butter maker J M Smucker Co forecast a smaller-than-expected decline in annual revenue on Tuesday, betting…