By Sabrina Valle (Reuters) -Exxon Mobil Corp on Thursday said it will lift capital spending next year by about 10%, to between $23 billion and $25 billion, and boost share buybacks. Exxon led rivals with record profits in the second and third quarters of this year, aided by its highly criticized decision during the COVID-19 …
Exxon plans to raise spending in 2023, boost share buybacks Read More »
LIMA (Reuters) – Peru’s key economic and financial institutions remain resilient to political volatility, Moody’s analyst Jaime Reusche said Thursday after the country impeached and arrested one president and welcomed another in a day of political drama on Wednesday. Reusche added that Peru’s financial institutions help mitigate the country’s exposure to potential issues that could …
By Jamie McGeever ORLANDO, Fla. (Reuters) – When Yogi Berra famously said it’s difficult to make forecasts, especially about the future, he probably didn’t have financial market analysts in mind. But the celebrated baseball player’s famous malapropism, also expressed in similar ways by others, probably applies as much to predicting the outlook for stocks, bonds …
Column-When market forecasters should earn their spurs: McGeever Read More »
DUBAI (Reuters) – The UAE’s GDP is expected to grow 6.5% this year, and more than 7% next year, the country’s economy minister said on Thursday. (Reporting by Yousef Saba, writing by Nafisa Eltahir; Editing by Toby Chopra)
By Steven Scheer JERUSALEM (Reuters) – Israel’s incoming finance minister said his economic strategy will be infused with religious beliefs laid out in the Torah, saying it will help the country prosper. Bezalel Smotrich, head of the far-right Religious Zionism party, said that as finance minister he will delve deep into the inner workings of …
Israel’s next finance minister brings religion to the front of economic strategy Read More »
By Steven Scheer TEL AVIV (Reuters) -Israeli bank profits will slow somewhat next year after a robust 2022, the country’s banking regulator said. Big profits have angered some consumers who say fees for basic services like deposits and withdrawals are too high and banks have not raised rates on deposit accounts quickly enough. Israel’s top …
Israeli bank regulator predicts profit slowdown after 2022 gains Read More »
NAIROBI (Reuters) – Kenya’s economic growth will slow down to 5% next year from an estimated 5.5% this year, the World Bank said on Thursday, as the rebound from the impact of the coronavirus pandemic loses momentum. East Africa’s biggest economy could also see a drop in demand for its horticulture exports and visits by …
Kenya’s economic growth to slow to 5% next year, World Bank says Read More »
BANGKOK (Reuters) – Thai consumer confidence rose for a sixth straight month in November, reaching a 20-month high, boosted by improved economic activity and higher foreign tourist arrivals, but high costs of living remain a worry, a survey showed on Thursday. The consumer index of the University of the Thai Chamber of Commerce rose to …
Thai consumer confidence at 20-month high in November Read More »
BRASILIA (Reuters) -Brazil’s Senate approved on Wednesday a constitutional amendment to increase the government spending cap, allowing the incoming administration of President-elect Luiz Inacio Lula da Silva to fund an extension of social welfare payments for poor families. The bill, which was passed with 64 votes for and 13 against and applies to 2023 and …
Brazil’s Senate approves bill raising 2023-24 spending cap, sends to lower house Read More »
MEXICO CITY (Reuters) – Mexico is reviewing quotas on certain products to help keep prices down, Mexican Economy Minister Raquel Buenrostro said on Wednesday, as the country grapples with inflation. “We’re looking to open trade … we’re going to review compensatory quotas,” she told reporters. (Reporting by Dave Graham and Adriana Barrera, Editing by Daina …
Mexico to review quotas to help keep prices down – official Read More »
