Eid shopping sees sharp drop as Pakistanis feel inflation pinch
By Ariba Shahid and Mubasher Bukhari KARACHI, Pakistan (Reuters) – Retail sales in Pakistan have witnessed a sharp drop compared…
Business
AmEx’s costs, provisions cloud profit despite higher credit card use
By Siddarth S and Niket Nishant (Reuters) – American Express Co’s profit missed Wall Street estimates on Thursday despite higher…
US regional banks’ shares slip as deposit flight counters higher interest income
By Manya Saini (Reuters) – A clutch of U.S. regional lenders on Thursday joined peers in reporting deposit outflows for…
Stellantis tests e-fuels on existing engines to decarbonise fleet
(Reuters) – Carmaker Stellantis is testing synthetic e-fuels, which are made with renewable energy, on 28 types of its internal…
Brazil’s government takes measures to boost consumer and capital market credit
BRASILIA (Reuters) – Brazil’s government announced a package of 13 measures on Thursday to ease consumer access to credit and…
Value of Russian exports falls 35% in Q1 as oil price cap bites -central bank
MOSCOW (Reuters) – The value of Russia’s exports fell 35% year-on-year in the first quarter of 2023, due in part…
Hospital operators’ outlook in focus on Medicaid concerns
By Khushi Mandowara (Reuters) – U.S. hospital operators are expected to report strong revenue for the first quarter, while investors…
Global wine trade hits record-high value but volumes fall
PARIS (Reuters) – The global wine trade reached record-high value last year, supported by a sharp rise in prices, but…
US existing home sales resume downward trend in March
WASHINGTON (Reuters) – U.S. existing home sales fell in March as a reversal in mortgage rates likely pushed buyers back…
Russian inflation risks must ease to make room for rate cut – central bank
MOSCOW (Reuters) -Inflationary risks in Russia must decrease in order to create room for interest rate cuts, Central Bank Governor…