LONDON (Reuters) – Major central banks are steadily moving closer to a pause in their aggressive interest rate hiking campaigns.…
Estee fears bigger drop in profit on uncertain China recovery
By Ananya Mariam Rajesh (Reuters) – Estee Lauder Cos Inc forecast a bigger drop in full-year profit than it had…
Exclusive-Paris Club to give Sri Lanka financing assurances amid IMF debt talks – sources
By Jorgelina do Rosario LONDON (Reuters) – The Paris Club of creditor nations is ready to provide financing assurances to…
Hershey forecasts full-year sales above estimates on resolute demand
By Uday Sampath Kumar (Reuters) -Hershey Co forecast full-year net sales and profit above analysts’ estimates on Thursday, after beating…
U.S. productivity accelerates in fourth quarter
WASHINGTON (Reuters) – U.S. worker productivity increased faster than expected in the fourth quarter, resulting in a moderation in labor…
Santander books record 9.6 billion euro profit for 2022 on lending income
By Jesús Aguado MADRID (Reuters) – A solid rise in revenues and lending income allowed Spain’s Santander to post an…
Nigeria disagrees with ‘surprise’ Moody’s downgrade – finance minister
By Felix Onuah and Chijioke Ohuocha ABUJA (Reuters) – Nigeria’s finance minister said on Thursday she disagreed with what she…
ECB hikes rates, promises another 50 bps more in March
FRANKFURT (Reuters) – The European Central Bank raised interest rates for the fifth successive time on Thursday and signalled another…
U.S. layoffs surged in January as tech slashed thousands of jobs – report
By Samrhitha A (Reuters) – Layoffs in the United States hit a more than two-year high in January as technology…
Bank of England raises rates, signals end to hikes
LONDON (Reuters) – The Bank of England raised interest rates for the 10th time in a row on Thursday, but…