(Reuters) – Inflation is likely to remain stubbornly persistent and will require the Federal Reserve to keep to the task of getting inflation back down to its 2% goal, St. Louis Fed President Ja[...]
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April 6, 2023
Levi Strauss warns of margin decline in 2023 as promotions, costs bite
By Granth Vanaik (Reuters) – Levi Strauss & Co on Thursday warned of a margin crunch this year as it would have to offer higher promotions than previously anticipated while also grappling wi[...]
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IMF’s Georgieva sees global growth below 3% in 2023, robust recovery ‘elusive’
By Andrea Shalal WASHINGTON (Reuters) -The International Monetary Fund expects global economic growth to dip below 3% in 2023 and to remain at around 3% for the next five years, Managing Director Kris[...]
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Italian drugs cartels conceal payments via Chinese shadow banks
By Emilio Parodi MILAN (Reuters) – Drugs cartels operating in Italy are increasingly using shadow networks of unlicensed Chinese money brokers to conceal cross-border payments, according to Ital[...]
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U.S. court denies AMC’s request for speedier stock conversion
(Reuters) -A U.S. court on Wednesday denied AMC Entertainment Holdings Inc’s request to lift a status quo order on converting its preferred stock into common shares. In February, AMC investors s[...]
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In pioneering workshops, U.S. trains Cuban entrepreneurs to do business
By Dave Sherwood HAVANA (Reuters) – U.S. venture capitalist Stacey Brandhorst has traveled Latin America giving advice to fledgling entrepreneurs. But communist-run Cuba, she says, is a tough nu[...]
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Airbus CEO – new China assembly plant boosts output goals
(removes extraneous words from headline) BEIJING/PARIS (Reuters) – Plans for a new Airbus assembly line in China, announced during a visit to Beijing by French President Emmanuel Macron on Thurs[...]
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Collapse of FTX deprives academics of grants, stokes fears of forced repayment
By Elizabeth Howcroft LONDON (Reuters) -The collapse of crypto exchange FTX and its grant-making body, the FTX Future Fund, has left some researchers at top universities without the funds they were pr[...]
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Corona beer maker Constellation sees 2024 profit above estimates on price hikes
(Reuters) – Constellation Brands Inc forecast full-year profit above Wall Street estimates on Thursday, benefiting from price increases aimed at combating elevated costs and strong demand for it[...]
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