CAIRO (Reuters) -Egypt’s annual urban consumer inflation rate surged to a five-year high of 18.7% in November, closely matching analyst…
Recession worries could support dollar after monstrous 2022 rally
By Saqib Iqbal Ahmed NEW YORK (Reuters) – A breathtaking surge in the U.S. dollar trampled foreign currencies, gouged corporate…
Bank of Mexico hiking cycle seen ending with key rate at 11% -Franklin Templeton
MEXICO CITY (Reuters) – Mexico’s central bank’s monetary policy tightening cycle will likely end in the first half of 2023…
Wirecard bosses’ fraud trial begins after scandal that rocked Germany
By Jörn Poltz MUNICH (Reuters) – Wirecard’s former chief executive, who steered the payments company through its rise and spectacular…
U.S. lawmakers push for more oversight of Elon Musk’s Neuralink
By Rachael Levy (Reuters) – U.S. House Representatives Earl Francis Blumenauer and Adam Schiff want further U.S. Department of Agriculture…
BMW fined by UK watchdog over information request
(Reuters) – The UK’s anti-trust regulator fined German luxury carmaker BMW 30,000 pounds ($36,519) plus a further daily penalty of…
Bank of Canada says future rate decisions more data-dependent
By Steve Scherer and David Ljunggren OTTAWA (Reuters) – The Bank of Canada will study the most recent economic data…
Exxon plans to raise spending in 2023, boost share buybacks
By Sabrina Valle (Reuters) -Exxon Mobil Corp on Thursday said it will lift capital spending next year by about 10%,…
Exclusive-Lukoil, U.S. private equity nearing deal on Sicilian refinery – sources
By Francesca Landini, Julia Payne and Giuseppe Fonte MILAN (Reuters) – Russia’s Lukoil and U.S. private equity firm Crossbridge are…
Shell, Exxon face delays in exiting California oilfield
(Reuters) – The sale of a Shell Plc and Exxon Mobil Corp oil-production joint venture in California has been pushed…