By Marc Frank HAVANA (Reuters) – Cash-strapped Cuba delivered the bad news to residents Monday evening that there was no end in sight to blackouts disrupting their lives and the economy. Power outages were a major cause of widespread social unrest a year ago and have continued to plague the island in recent months even …
By Kannaki Deka (Reuters) – Profit growth at U.S. car dealers is likely to lose momentum in the second quarter, as the auto industry struggles to ramp up production due to parts shortage, while inflation-fueled price hikes keep buyers out of the market. Preference for personal transport from cash-flushed Americans during the pandemic turbo-charged auto …
For auto retailers, pandemic-era profit boost in rear-view mirror Read More »
TUNIS (Reuters) – The International Monetary Fund (IMF) said its talks with Tunisian authorities for a staff level agreement on a rescue package would continue “over the coming weeks” as the government seeks to stave off a collapse in public finances. It said it had made “good progress” in talks with the authorities over a …
IMF says loan talks with Tunisia to continue over coming weeks Read More »
MEXICO CITY (Reuters) – Mexico’s Credito Real said on Tuesday it had requested to enter the U.S. Chapter 15 bankruptcy procedure as the company struggles to meet its financial obligations. In a securities filing, the company also said the Mexican units of Banco Santander and BBVA requested precautionary measures to secure assets, bank accounts and …
Mexico’s Credito Real requests to enter U.S. Chapter 15 bankruptcy procedure Read More »
BRUSSELS (Reuters) – Almost half of the record high inflation in the euro zone in June resulted from the energy price spike, the EU’s statistics office said on Tuesday, with more expensive food the second biggest factor and services the third. Eurostat confirmed its earlier estimate that consumer prices in the 19 countries sharing the …
Half of euro zone June inflation came from energy – Eurostat Read More »
SINGAPORE (Reuters) – Singapore’s economic growth is expected to moderate further next year, in line with a slowdown in the city-state’s major trading partners, the head of Singapore’s central bank said on Tuesday. “The extent of the growth moderation will depend in part on how the scenarios for the global economy will pan out,” said …
Singapore’s economic growth set to moderate further in’23 – MAS Read More »
(Removes repeated sentence) By Andrea Shalal SEOUL (Reuters) -The United States will impose harsh consequences on countries that break the international economic order, Treasury Secretary Janet Yellen said on Tuesday. “Economic integration has been weaponised by Russia,” she said, calling for all responsible countries to unite in opposition to Russia’s war in Ukraine. The United …
Yellen vows tough U.S. measures against countries abusing economic order Read More »
By Kantaro Komiya TOKYO (Reuters) – Japan’s economy is likely to grow at a slower pace than previously thought throughout the rest of the fiscal year, a Reuters poll showed, as growing risks of a global economic slowdown and supply woes torment Japanese exporters. Manufacturers in the world’s third-largest economy are susceptible to the gloomier …
Japan Q3, FY22 growth seen weaker as global economy stutters – Reuters poll Read More »
HANOI (Reuters) – Vietnam will stick to a monetary policy that is “supportive for economic growth” while closely monitoring the inflation situation, the State Bank of Vietnam, the country’s central bank, said in an emailed statement on Tuesday. (Reporting by Khanh Vu; Editing by Kanupriya Kapoor)
SYDNEY (Reuters) – Australian households are generally well placed to absorb rising borrowing costs though more recent home buyers could be vulnerable with interest rates set to rise further in the months ahead, a top central banker said on Tuesday. Reserve Bank of Australia (RBA) Deputy Governor Michele Bullock said households had built up around …
Australian households well placed to absorb rising borrowing costs-RBA Read More »
