Pakistan cuts growth forecast, foreign exchange reserves drop
By Asif Shahzad ISLAMABAD (Reuters) – Pakistan has cut its GDP growth estimate for fiscal year 2022-23 to 0.29%, from…
Economy
First Republic Bank paid some employees salaries of more than $10 million before collapse – Bloomberg News
(Reuters) – First Republic Bank was paying dozens of employees more than $10 million apiece annually in the heyday before…
U.S. triple-A credit rating put on downgrade notice by DBRS
LONDON (Reuters) -The United States was put on review for a downgrade by credit rating agency DBRS Morningstar on Thursday…
Turkey’s cenbank holds policy rate at 8.5% ahead of election runoff
By Ali Kucukgocmen and Ece Toksabay ANKARA (Reuters) -Turkey’s central bank kept its policy rate at 8.5% on Thursday as…
Canada April factory sales most likely down 0.2% – Statscan flash estimate
OTTAWA (Reuters) – Canadian factory sales most likely fell 0.2% in April from March, largely driven by the food and…
Spain’s mass tourism in candidates’ crosshairs in election year
By Joan Faus BARCELONA (Reuters) – Scrawled across Barcelona’s opera house, along the city’s renowned La Rambla boulevard, is expletive-laden…
Italy probing China’s possible growing influence on Pirelli -sources
By Giuseppe Fonte and Giulio Piovaccari MILAN (Reuters) – The Italian government, which is assessing tyre maker Pirelli’s new shareholder…
Chanel flags weaker U.S. sales, sees pickup in China
By Mimosa Spencer PARIS (Reuters) – Chanel sales in the United States, one of the luxury label’s top three markets,…
Moody’s: Emerging market credit to be tight amid U.S.-led risks
LONDON (Reuters) – Emerging economies will continue to suffer from the spillover of economic problems in the U.S., which are…
Argentina launches dispute against United States at WTO
GENEVA (Reuters) – Argentina has initiated a dispute against the United States at the World Trade Organization regarding tubular goods…