By David Shepardson WASHINGTON (Reuters) – The United Auto Workers (UAW) union called on automakers to shift their entire supply…
Factbox-Aircraft lessors sue insurers for $8 billion over trapped Russian planes
LONDON (Reuters) – Aircraft leasing firms are suing dozens of insurers for around $8 billion in a string of lawsuits…
Pakistan committed to completing IMF programme – finance minister
(Reuters) -Pakistan is committed to completing the International Monetary Fund programme while meeting external debt repayments on time, the country’s…
Global pensions with $3 trln on books fear stagflation -survey
LONDON (Reuters) – Global public pension schemes and sovereign wealth funds managing more than $3 trillion in assets fear a…
Kuwait central bank raises discount rate by half percentage point – statement
CAIRO (Reuters) – The central bank of Kuwait raised its discount rate by 0.50% from 3% to 3.50% effective Dec.…
Russia’s Jan-Nov oil output up 2% ahead of EU ban, price caps
MOSCOW (Reuters) – Russia’s January-November oil and gas condensate production rose 2.2% from a year earlier to 488 million tonnes,…
Poor countries’ debt servicing is the costliest since 2000 – World Bank
By Rodrigo Campos NEW YORK (Reuters) – The poorest countries in the world now spend over a tenth of their…
Gulf states, looking East, to reinforce economic ties with China as Xi visits Saudi
By Rachna Uppal DUBAI (Reuters) – Trade and investment ties between China and Gulf Arab states are expected to feature…
Airlines see return to profit in 2023, clash with airports
By Emma Farge GENEVA (Reuters) -Global airlines are predicting their first industry-wide profit since 2019 next year as air travel…
FX swap debt a $80 trillion ‘blind spot’ BIS says
By Marc Jones LONDON (Reuters) – Pension funds and other ‘non-bank’ financial firms have more than $80 trillion of hidden,…