FRANKFURT (Reuters) – The Mercedes-Benz works council expects the German car manufacturer to dole out a record-high bonus to its…
Philippine central bank governor sticks to 75 bps rate hike plan
MANILA (Reuters) – Philippines central bank governor Felipe Medalla repeated on Friday he will vote to raise interest rates by…
Thai Airways to name new CEO as early as Jan 2023, acting head says
By Chayut Setboonsarng BANGKOK (Reuters) -Thai Airways International PCL expects to name a new permanent CEO as early as January…
IMF announces start of new policy discussions with Ukraine
KYIV (Reuters) – The International Monetary Fund said it was starting “policy discussions” with Ukraine on Friday, building on meetings…
Germany faces 10 billion euro rise in interest costs – committee document
BERLIN (Reuters) – The rising cost of borrowing and high inflation mean Germany’s federal government faces some 10 billion euros…
Daimler Truck warns supply chain troubles not over as Q3 unit sales jump
By Victoria Waldersee BERLIN (Reuters) -Daimler Truck reported a 27% jump in third-quarter unit sales to nearly 135,000 on Friday…
No easy fix for China as economy slows more than expected
By Kevin Yao BEIJING (Reuters) – An unexpectedly weak run of Chinese economic data this month has raised the heat…
Richemont stock soars as jewellery business sparkles
By John Revill and Mimosa Spencer ZURICH (Reuters) -Luxury goods group Richemont’s shares soared as much as 21% in early…
EU exec revises up 2022 euro zone growth forecast, sees bigger slowdown in 2023
BRUSSELS (Reuters) – The euro zone economy will grow more than previously expected in 2022, the European Commission forecast on…
BoE’s Bailey says efforts to curb inflation likely to take 18 months to 2 years
LONDON (Reuters) – Bank of England Governor Andrew Bailey said on Friday that efforts to bring inflation under control were…