(Reuters) -Analysts at J.P.Morgan on Thursday raised their 2023 growth forecast for China’s gross domestic product by 30 basis points…
Russia’s Magnit races to open discount stores as living standards slump
MOSCOW (Reuters) – Russian supermarket chain Magnit plans to continue the rapid roll-out of discount stores next year as shoppers…
Taiwan central bank signals end to rate hikes next year
By Liang-sa Loh and Sarah Wu TAIPEI (Reuters) -Taiwan’s central bank on Thursday said it expects inflation to drop below…
The year Russia turbocharged a global energy crisis
By David Gaffen (Reuters) – For the energy industry, 2022 will be remembered as the year Russia’s invasion of Ukraine…
German economy to grow slightly in 2023 – IfW forecast
BERLIN (Reuters) – Germany’s IfW became the latest economic institute to revise up its growth forecast for 2023 on Thursday…
Global house price fall underway won’t do much for affordability, say analysts
By Hari Kishan and Indradip Ghosh BENGALURU (Reuters) – House prices in most major property markets will fall in 2023,…
British American Tobacco closes Swiss plant, lays off 226
ZURICH (Reuters) – British American Tobacco (BAT) is to close a cigarette manufacturing plant in Switzerland next year, laying off…
LPP will pay dividend next year, says CFO
GDANSK, Poland (Reuters) – Next year Polish clothing retailer LPP will pay a dividend, the company’s chief financial officer (CFO)…
Greece’s Mitsotakis says EU leaders close to gas price cap deal
ATHENS (Reuters) – European Union leaders are “close to” imposing a natural gas price cap, Greek Prime Minister Kyriakos Mitsotakis…
Swiss National Bank Chairman welcomes new Credit Suisse strategy
Bern (Reuters) – The Swiss National Bank has welcomed Credit Suisse’s new strategy with Chairman Thomas Jordan saying the overhaul…