US goods trade deficit narrows; retail inventories rise
By Lucia Mutikani WASHINGTON (Reuters) – The U.S. trade deficit in goods narrowed in May as imports fell, but the…
Economy
Swiss energy rescue helps fuel wider 2024 budget deficit forecast
ZURICH (Reuters) – Switzerland expects its budget deficit to widen to 6.7 billion Swiss francs ($7.46 billion) next year due…
Exclusive-Top manager at U.S. firm privately sold high-tech in Russia
By David Gauthier-Villars and Aram Roston (Reuters) – U.S. technology company Extreme Networks Inc said last year it had suspended…
UK showing signs of persistent inflation, BoE’s Bailey says
SINTRA, Portugal (Reuters) – Bank of England Governor Andrew Bailey said last week’s rise in interest rates reflected a resilient…
Xponential denies short-seller’s allegations, says franchisee economics ‘strong’
(Reuters) – Xponential Fitness on Wednesday denied allegations made by Fuzzy Panda Research that the fitness chain was hiding losses…
EU proposes payments sector shake-up to boost fintechs
By Huw Jones LONDON (Reuters) -The European Union on Wednesday proposed making the payments sector more competitive, giving legal backing…
Asset management firm Oaktree names co-CEOs to replace Wintrob
(Reuters) – Asset manager Oaktree Capital Management L.P. on Wednesday named insiders Robert O’Leary and Armen Panossian as co-CEOs to…
Volkswagen shares recover after EV production cut reports
(Reuters) – Shares in Volkswagen inched higher on Wednesday, recovering slightly from a selloff the day before when the automaker…
China’s industrial profits tumble, deepening economic gloom
BEIJING (Reuters) -Annual profits at China’s industrial firms extended a double-digit decline in the first five months as softening demand…
Euro zone should tighten fiscal policy in 2024 to curb inflation -EFB
By Jan Strupczewski BRUSSELS (Reuters) – Euro zone governments should tighten fiscal policy next year more than currently planned to…