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Economy News
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By Katie Paul and Yuvraj Malik (Reuters) -Meta Platforms disappointed investors on Wednesday with forecasts of higher expenses and lighter-than-expected revenue, knocking nearly $200 billion off its stock market value…
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By Stephen Nellis SANTA CLARA, California (Reuters) -Taiwan Semiconductor Manufacturing Co said on Wednesday that a new chip manufacturing technology called “A16” will enter production in the second half of…
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BRASILIA (Reuters) – Brazil’s government submitted proposed rules to Congress on Wednesday to carry out a historic tax overhaul approved last year, a key element of President Luiz Inacio Lula…
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By Nora Eckert (Reuters) -Ford Motor Co posted first-quarter earnings on Wednesday that beat Wall Street’s expectations, bolstered by a strong performance in its commercial vehicle division and an increase…
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By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets. The depreciation of Asian currencies against the U.S. dollar, and the steps monetary authorities may take…
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By Niket Nishant and Manya Saini (Reuters) – New York Community Bancorp (NYSE:NYCB) will have to lure buyers for its commercial real estate (CRE) loans with steep discounts and diversify…
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Economy News
Exclusive-Russian ministry stress scenario has growth stalling, rouble diving, document shows
By Darya Korsunskaya LONDON (Reuters) – Stress scenarios from Russia’s economy ministry envisage GDP and real income growth almost grinding to a halt next year and the rouble diving from…
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BERLIN (Reuters) -Germany slightly raised its forecast for economic growth this year on Wednesday and eased its inflation outlook, but its economy and finance ministers said structural changes were needed…
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By Promit Mukherjee OTTAWA (Reuters) – Canada’s retail sales contracted for the second consecutive month in February, missing expectations, data showed on Wednesday, led by a drop in sales at…