NEW YORK (Reuters) – China is likely to post real gross domestic growth (GDP) of 4.5% next year, largely due…
Mexico keeps IMF credit line, to maintain access to around $47 billion
MEXICO CITY (Reuters) -The International Monetary Fund (IMF) concluded that Mexico still meets the eligibility criteria for a flexible credit…
Brazil’s government cuts 2023 GDP growth forecast as global economy weakens
BRASILIA (Reuters) – Brazil’s Economy Ministry on Thursday cut its 2023 GDP growth forecast to 2.1%, from the 2.5% anticipated…
Chrysler recalling 280,000 heavy-duty trucks for fire risks
By David Shepardson WASHINGTON (Reuters) – Chrysler-parent Stellantis is recalling 280,000 Ram heavy-duty diesel trucks worldwide for fire risks, a…
Pakistan, IMF plan to move fast on bailout programme
ISLAMABAD (Reuters) – Pakistan and the International Monetary Fund (IMF) will “expeditiously” finish their technical engagement as part of the…
UK taxpayers on hook for 133 billion-pound bill to cover BoE losses
LONDON (Reuters) – Britain’s government could end up paying 133 billion pounds ($157 billion) to the Bank of England over…
Burberry focuses on ‘Britishness’ in new CEO’s growth plan
By Paul Sandle LONDON (Reuters) -Burberry will focus on “Britishness” to eventually become a 5 billion pound business, new CEO…
Colombia finance minister opens door to international financing
BOGOTA (Reuters) – Colombia Finance Minister Jose Antonio Ocampo on Thursday opened the door to possible financing in international markets…
Swiss National Bank issued 140 billion Sfr of bills, repos following rate hike
ZURICH (Reuters) – The Swiss National Bank has issued bills and repurchase agreements (repos) worth nearly 140 billion Swiss francs…
UK faces record hit to living standards as tax hikes loom
By David Milliken, Andy Bruce and William Schomberg LONDON (Reuters) – Britain faces a record hit to living standards this…