By Duncan Miriri NAIROBI (Reuters) -Kenya’s government is reducing its rate of borrowing, officials said on Thursday, while unveiling a…
U.S. inflation turning the corner as consumer prices rise below expectations
By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer prices rose less than expected in October, pushing the annual increase below…
Tod’s sales beat forecast as owners weigh de-listing
MILAN (Reuters) -Sales at Italian fashion group Tod’s rose by a bigger-than-expected 16.4% in the first nine months of the…
Amazon reviewing unprofitable business units to cut costs – WSJ
(Reuters) -Amazon.com Inc is undertaking a review of its unprofitable businesses, including the devices unit that houses voice assistant Alexa,…
Benettons and Blackstone secure 62.2% of Atlantia’s shares as bid nears end
MILAN (Reuters) – The Benetton family and U.S. investment fund Blackstone have secured Atlantia shares accounting for 62.2% of its…
Mexico president talks up strong peso, warns of high interest rates
MEXICO CITY (Reuters) -Mexican President Andres Manuel Lopez Obrador on Thursday said the Mexican peso’s strength is good for the…
Fed’s Mester cheered by CPI, but says big risks remain on inflation
By Michael S. Derby (Reuters) – Federal Reserve Bank of Cleveland President Loretta Mester said Thursday that while there are…
European stocks scale 11-week high after soft U.S. inflation data
By Shreyashi Sanyal and Ankika Biswas (Reuters) -European shares clocked an 11-week closing high on Thursday as a slower-than-expected rise…
Juul secures investment, to lay off 400 workers to stay in business
(Reuters) -Juul Labs Inc said on Thursday it had secured an investment from some of its early investors and will…
Fed seen slowing rate hike pace as inflation eases
By Ann Saphir and Howard Schneider (Reuters) – A larger than expected drop in consumer inflation last month will likely…