Category: Business

The Bank of Canada’s rapid-fire rate hikes are starting to slow the economy, the governor said on Monday, but while the bank wants to avoid a recession, there is a risk sticky inflation will require “much higher” rates. Speaking to business leaders in Vancouver, Governor Tiff Macklem said the tightening had “begun to work” but […]

U.S. grocery chain Albertsons Companies Inc (ACI.N) said that Washington State Court had denied a request of preliminary injunction by the state’s Attorney General to prevent the company from paying $4 billion to shareholders in a special dividend. The court has extended the existing temporary restraining order until Dec. 19 to give the Attorney General […]

Air India is close to placing landmark orders for as many as 500 jetliners worth tens of billions of dollars from both Airbus and Boeing as it carves out an ambitious renaissance under the Tata Group conglomerate, industry sources said on Sunday. The orders include as many as 400 narrow-body jets and 100 or more […]

Discussions over new job contracts in Italy for Stellantis (STLA.MI), Ferrari (RACE.MI), CNH Industrial (CNHI.MI) and Iveco (IVG.MI) workers will be extended into January, a union representative said on Monday. The UILM, FIM-CISL, Fismic, UGLM and AQCF metalworkers’ unions in October started talks to renew four-year contracts expiring at the end of 2022 for most […]

Commodity trading house Mercuria said on Monday that its operating entities in North America had closed a multi-year revolving credit facility of $3.4 billion for their working capital needs. The facility, which had been increased by $1.1 billion over the past year, was oversubscribed, Mercuria said, allowing it to further increase the size of the […]

Colombia’s central bank is set to raise its key interest rate this week at its final meeting of the year and will be under pressure for another hike starting in 2023 as inflation expectations keep rising and economic growth remains at potential. In the poll, 13 out of 14 analysts said the central bank would […]

News Corp (NWSA.O) named Sunday Times editor Emma Tucker the new editor of the Wall Street Journal and Dow Jones Newswires on Monday. She becomes the first woman to lead the 133-year-old business publication. She replaces Matt Murray, whose four-year tenure at the top of the newspaper’s masthead has been marked by ambitious coverage, including […]