IMF edges 2023 global economic growth forecast higher, sees persistent challenges
By Andrea Shalal WASHINGTON (Reuters) – The International Monetary Fund on Tuesday raised its 2023 global growth estimates slightly given…
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Bank of England rates set to peak at 5.75% by year-end: Reuters poll
By Shaloo Shrivastava BENGALURU (Reuters) – The Bank of England will raise its Bank Rate by a quarter-point to 5.25%…
Brazil’s Copel to launch privatization offering of up to $1 billion
SAO PAULO (Reuters) – Brazilian electric utility Copel is planning to launch a public share offering between Tuesday and Wednesday…
Airlines shares hit turbulence on Alaska’s dour forecast, RTX engine problem
By Shivansh Tiwary (Reuters) -U.S. airlines stocks tumbled on Tuesday as investors were spooked by downbeat forecasts from Alaska Air…
Travis King crossing puts North Korea border tours under scrutiny
By Soo-hyang Choi and Josh Smith SEOUL (Reuters) -Tourists should expect far stricter supervision if visits to the border between…
Nigeria opts for small rate hike at first meeting after Emefiele’s suspension
By Chijioke Ohuocha ABUJA (Reuters) -Nigeria’s central bank raised its main lending rate by a smaller-than-expected 25 basis points on…
3M raises full-year profit forecast as cost-cut measures pay off
By Kannaki Deka (Reuters) -U.S. industrial conglomerate 3M Co on Tuesday raised its full-year profit forecast and reported better-than-expected quarterly…
Sharp Chinese rebound powers LVMH sales growth in second quarter
By Mimosa Spencer PARIS (Reuters) -Sales at the world’s top luxury group LVMH rose by 17% in the second quarter,…
For migrants, the Darien Gap is hell; for adventure tourists, it’s a magnet
By Laura Gottesdiener and Daina Beth Solomon MEXICO CITY (Reuters) – Deep in the Panamanian jungle, Venezuelan migrant Franca Ramirez…
Lower production in Europe hits global steel output
LONDON (Reuters) – Global crude steel production fell 1.1% year on year to 943.9 million metric tons in the first…