By Joseph White and Paul Lienert DETROIT (Reuters) – General Motors Chief Executive Mary Barra is betting that moving more…
U.S. consumer confidence ebbs in January; inflation expectations rise
WASHINGTON (Reuters) – U.S. consumer confidence unexpectedly fell in January as households continued to worry about the economy’s prospects over…
Italy’s economy contracts in Q4, raising recession fears
By Gavin Jones ROME (Reuters) – Italy’s economy shrank by 0.1% in the fourth quarter of last year from the…
Bayer under investor pressure to speed up CEO changeover
By Patricia Weiss and Ludwig Burger FRANKFURT (Reuters) – A top-10 shareholder in Bayer on Tuesday called on the group’s…
China’s industrial profits contract in 2022 on COVID woes
By Ellen Zhang and Ryan Woo BEIJING (Reuters) -Profits at China’s industrial firms fell 4% in 2022 from a year…
Banks battle to shed unsold buyout loans – sources
By Chiara Elisei, Nell Mackenzie and Pablo Mayo Cerqueiro LONDON(Reuters) – Banks are whittling down a pile of unsold loans…
Canada’s economy inched up in November, likely stalled at year-end
By Ismail Shakil and Steve Scherer OTTAWA (Reuters) -Canada’s economy expanded slightly in November, matching expectations, and likely stalled in…
Cash-strapped Pakistan talks to IMF in bid to unlock $7 billion bailout
By Asif Shahzad and Ariba Shahid ISLAMABAD (Reuters) -Cash-strapped Pakistan on Tuesday held a first round of talks with the…
U.S. house price inflation slows further in November
WASHINGTON (Reuters) – U.S. single-family home price growth cooled further in November, surveys showed on Tuesday, which together with declining…
Factbox-European companies cut jobs as economy sputters
(Reuters) – Decades-high inflation and the impact of war in Ukraine have forced companies across Europe into lay-offs or hiring…