By Alexander Marrow and Elena Fabrichnaya (Reuters) – Russia will keep interest rates on hold at 7.5% in 2023 as inflation ends the year above target and the economy grows marginally, a Reuters poll showed on Tuesday, with analysts split on whether the central bank’s hawkish stance is justified. The Bank of Russia kept the…
BRASILIA (Reuters) – Brazil’s government has dealt a setback to new entrants hoping to capture a larger share of the concentrated meal voucher market by delaying regulations for its long-awaited opening by one year. The move marks a blow to companies looking to benefit from a law passed in September 2022 that allows workers to…
(Reuters) – U.S. companies from Amazon.com Inc and Walt Disney Co to Wall Street heavyweights Goldman Sachs Group and Morgan Stanley are slashing thousands of jobs as they look to rein in costs in anticipation of an economic downturn. Some companies such as Amazon and Meta Platforms have announced a second round of layoffs as…
By Clyde Russell LAUNCESTON, Australia (Reuters) -Asia’s imports of liquefied natural gas (LNG) fell in April as major buyers China and Japan trimmed purchases, offsetting small gains among South Asian countries. The total volume of the super-chilled fuel imported was 20.86 million tonnes in April, down from March’s 22.23 million and 22.19 million in February,…
(Reuters) – Tesla Inc was the biggest loser among top companies by market capitalisation in April, hit by disappointing quarterly earnings after it posted the lowest quarterly gross margin in two years. Tesla’s market cap dropped to $520.7 billion at the end of April from $657.5 billion in March, a 20.8% decline, pushing it to…
By David Milliken LONDON (Reuters) -Food prices in Britain rose by a record amount over the past 12 months but lower prices are on the horizon, offering some relief to squeezed consumers, the British Retail Consortium (BRC) said on Tuesday. The BRC, representing 5,000 retailers including supermarkets, said food prices at its members soared 15.7%…
By Yousef Saba and Lisa Barrington DUBAI (Reuters) – Emirates Airline President Tim Clark said on Tuesday that new Saudi airlines and the expansion of regional competitors will not affect the Dubai-based carrier, adding that he sees resilient demand, especially for leisure travel. A number of Emirates’ competitors, such as Air India and Saudia, have…
(Reuters) – Canadian Prime Minister Justin Trudeau said in an interview to Bloomberg Television last week that any takeover bid for Teck Resources Ltd would have to get through a “rigorous process” to get consent from the government. Here is a snapshot of key events in the saga so far. Date Development March Glencore privately…
By Hannah McKay and Natalie Thomas LONDON (Reuters) – Pamela Tawse was 18 and still in her nurse’s uniform and cap when she made her way to central London after her night shift, eager to catch a glimpse of the new Queen Elizabeth on the day of her coronation. It was the huge crescendo of…
BERLIN (Reuters) – German Finance Minister Christian Lindner on Tuesday rejected a plan by Economy Minister Robert Habeck to introduce an industrial electricity price. Such a move would be “economically unwise” and it would contradict market principles to rely on direct state aid as a means to achieve industrial transformation, he wrote in a guest…
