By Lucia Mutikani and Jonathan Cable WASHINGTON/LONDON (Reuters) – U.S. business activity contracted for a fifth straight month in November…
Xiaomi revenue falls in third quarter as COVID-19 controls bite
SHANGHAI (Reuters) -Chinese smartphone maker Xiaomi Corp on Wednesday reported a 9.7% fall in third-quarter revenue, hit by China’s COVID-19…
U.S. crude oil stocks in SPR fall to lowest level since March 1984 – EIA
(Reuters) – U.S. crude oil stocks in the Strategic Petroleum Reserve fell by 1.6 million barrels in the latest week…
Mexico’s central bank not about to ‘decouple’ from Fed on rates, board member says
MEXICO CITY (Reuters) – The Mexican central bank is “not ready yet to decouple” from the U.S. Federal Reserve, and…
Explainer-Russia’s tanker fleet too small to bypass oil price cap
By Noah Browning and Julia Payne LONDON (Reuters) – Russia’s oil tanker fleet is too small to fully circumvent a…
U.S. new home sales unexpectedly rise in October
WASHINGTON (Reuters) – Sales of new U.S. single-family homes unexpectedly jumped in October, shrugging off rising mortgage rates and house…
Brazil’s Nubank rolls out Mexican savings accounts, debit card
By Cassandra Garrison MEXICO CITY (Reuters) – Brazil’s Nubank, Latin America’s star financial technology firm, began launching Mexican savings accounts…
Volkswagen strikes below-inflation wage deal, continues German trend
By Jan Schwartz HAMBURG (Reuters) -Volkswagen on Wednesday agreed a two-year wage deal for workers at its western German factories,…
Analysis-In emerging markets, the bulls are back again
By Marc Jones LONDON (Reuters) – After some of the biggest losses in emerging markets on record this year the…
IMF forecasts Spain growth close to zero at turn of year
MADRID (Reuters) -The International Monetary Fund expects economic growth in Spain to slow in 2023 on higher prices and flagging…