TORONTO (Reuters) – Canadian manufacturing activity contracted for a third straight month in October as production and new orders fell,…
China Evergrande unit gets notice for $4.48 billion loan from Shengjing Bank
(Reuters) – Debt-laden property developer China Evergrande Group said on Tuesday its unit received a notice of enforcement for unrecoverable…
Factory output weakens on widespread slowdown, China COVID curbs
By Lindsay Dunsmuir and Jonathan Cable WASHINGTON/LONDON (Reuters) -Global factory output weakened in October as widespread recession fears, high inflation…
Revlon creditors challenge 2020 loan transactions
By Dietrich Knauth (Reuters) – Some of Revlon’s creditors have asked a U.S. bankruptcy judge in Manhattan to unwind the…
BP sees $2.5 billion UK tax bill this year including windfall levy
LONDON (Reuters) -BP expects to pay around $2.5 billion in taxes for its British North Sea business this year, including…
SAS secures deals with two more lessors to cut aircraft costs
OSLO (Reuters) – Crisis-hit airline SAS said on Tuesday it had reached agreements with two more lessors representing seven aircraft…
Biden calls on oil, gas companies to stop ‘war profiteering,’ threatens windfall tax
WASHINGTON (Reuters) -U.S. President Joe Biden on Monday called on oil and gas companies to use their record profits to…
U.S. construction spending unexpectedly rebounds in September
WASHINGTON (Reuters) – U.S. construction spending unexpectedly rebounded in September, amid a surge in investment in nonresidential structures that offset…
U.S. manufacturing activity slowest in nearly 2-1/2 years in October -ISM
WASHINGTON (Reuters) – U.S. manufacturing activity grew at its slowest pace in nearly 2-1/2 years in October while a measure…
Chocolate maker Barry Callebaut’s counts the cost of factory shutdown
By John Revill ZURICH (Reuters) -Barry Callebaut reported a drop in full-year operating profit as the world’s biggest chocolate maker…