Article content (Recasts with details, share reaction, analyst comments) SAO PAULO, Dec 15 (Reuters) – Article content Shares in Brazilian telecom firm Oi SA soared on Thursday after it revealed it was exiting bankruptcy protection, marking the closure of a restructuring process that lasted more than six years. Oi filed in June 2016 for Brazil’s […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Lucia Mutikani Published Dec 15, 2022 • 3 minute read Join the conversation Article content WASHINGTON — U.S. retail sales fell more than expected in November, but consumer spending remains supported by a tight labor market, with the number of Americans filing for unemployment benefits […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Fergal Smith and Steve Scherer Published Dec 15, 2022 • 3 minute read Join the conversation Article content TORONTO — The Bank of Canada likely faces a challenge in 2023 convincing markets not to expect a swift reversal in its interest rate hiking campaign, as […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Shubham Batra and Ankika Biswas Publishing date: Dec 14, 2022 • 0 minutes ago • 2 minute read Join the conversation Article content Wall Street’s main stock indexes were set for a subdued open on Wednesday as investors exercised caution ahead of the much-anticipated interest rate […]
Article content KOCHI — Construction work on a $900 million port in the state of Kerala, being built by India’s Adani Group, will be speeded up to meet a deadline of September 2023, the local government said on Wednesday, a week after four month-long protests ended at the site. More barges would be pressed into […]
Article content WASHINGTON — U.S. scientists on Tuesday will reveal a scientific advance on fusion energy which, if it can make the leap from labs to commercial generation of electricity, could help the fight to curb climate change in coming decades. The U.S. Energy Department is set to announce the finding at 10 a.m. EST […]
Article content LONDON — OPEC on Tuesday stuck to its forecasts for global oil demand growth in 2022 and 2023 after several downgrades, saying that while economic slowdown was “quite evident” there was potential upside such as from a relaxation of China’s zero-COVID policy. Oil demand in 2023 will rise by 2.25 million barrels per […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Lefteris Papadimas Publishing date: Dec 13, 2022 • 8 minutes ago • 2 minute read Join the conversation Article content ATHENS — Eva Kaili’s career charted a meteoric rise from student activism in Greece to the highest echelons of European lawmaking but now faces an equally […]
Breadcrumb Trail Links PMN Business Author of the article: Reuters Manoj Kumar Publishing date: Dec 12, 2022 • 1 minute ago • 2 minute read Join the conversation Article content NEW DELHI — India’s annual industrial output contracted 4% in October, its weakest performance in 26 months, after revised growth of 3.5% in September, data released […]
Breadcrumb Trail Links PMN Economy PMN Business Author of the article: Reuters Lewis Krauskopf Publishing date: Dec 11, 2022 • 8 minutes ago • 3 minute read Join the conversation Article content NEW YORK — A double dose of potentially market-moving U.S. events next week could set the tone for asset prices in the rest of […]