PRAGUE (Reuters) – The Czech parliament gave its initial nod to the 2023 state budget bill, setting the deficit at…
Refiner Phillips 66 cutting staff at refineries, terminals, offices -sources
By Erwin Seba HOUSTON (Reuters) -U.S. oil refiner Phillips 66 has begun reducing staff at several refineries, refined products terminals…
Daimler Truck raises FY outlook on stronger than expected Q3
BERLIN (Reuters) – Daimler Truck on Wednesday slightly raised its full-year earnings forecast after reporting better-than-expected results in the third…
Brazil’s public debt drops for third straight month in September
BRASILIA (Reuters) – Brazil’s federal public debt fell for the third consecutive month in September, official data showed on Wednesday,…
Westfield-owner Unibail confirms recovery, hikes guidance again
(Reuters) – Shopping mall owner Unibail-Rodamco-Westfield on Wednesday raised its guidance for the second time this year, as tenant sales…
Bank of Canada slows pace of rate hikes as recession fears mount
By Julie Gordon and David Ljunggren OTTAWA (Reuters) – The Bank of Canada announced a smaller-than-expected interest rate hike on…
Volkswagen brand will only produce electric cars in Europe from 2033 -brand chief
By Victoria Waldersee BERLIN (Reuters) – The Volkswagen brand will only produce electric cars in Europe from 2033, its boss…
Exclusive-Bank of Mexico nears end of rate hike cycle, eyes economic toll, board member says
By Anthony Esposito and Ana Isabel Martinez MEXICO CITY (Reuters) – Bank of Mexico board member Gerardo Esquivel cautioned against…
Fitch downgrades Argentina’s sovereign credit rating to ‘CCC-‘
By Adam Jourdan BUENOS AIRES (Reuters) – Ratings agency Fitch on Wednesday downgraded Argentina’s long-term sovereign credit rating by a…
Italy’s Meloni under fire over plan to raise cash payments cap
By Alvise Armellini ROME (Reuters) -Italy’s new right-wing government is planning to raise a limit on cash payments, Prime Minister…