Canada’s Ontario province cuts deficit forecast, proposes tax rebates
By Fergal Smith TORONTO (Reuters) – The Canadian province of Ontario on Wednesday projected a narrower budget deficit for the…
Exclusive-South African finance minister not yet convinced on lowering inflation target
By Kopano Gumbi CAPE TOWN (Reuters) – South Africa’s Finance Minister Enoch Godongwana told Reuters on Wednesday that he was…
Analysis-UK’s Reeves bets big on tax-and-spend to reset economy
By Kate Holton LONDON (Reuters) – British finance minister Rachel Reeves’ first budget marks a huge gamble that she can…
Vatican tribunal defends conviction of senior cardinal for misappropriation of funds
By Joshua McElwee VATICAN CITY (Reuters) – A Vatican tribunal on Wednesday defended its 2023 decision to convict a senior…
US 30-year mortgage rate surges to 6.73%, highest since July
(Reuters) – The interest rate for the most popular U.S. home loan jumped last week to 6.73%, its highest since…
Private cash, levered by public money, must dominate EU investment, ministers say
By Jan Strupczewski BRUSSELS (Reuters) – Europe’s investment needs in the economy’s green and digital transition, defence and research should…
Steel plant explosion in central Mexico kills at least 12 people
TLAXCALA, Mexico (Reuters) -An explosion at a steel plant in Mexico’s central Tlaxcala state owned by Simec killed at least…
Exclusive-OpenAI builds first chip with Broadcom and TSMC, scales back foundry ambition
By Krystal Hu, Fanny Potkin and Stephen Nellis (Reuters) – OpenAI is working with Broadcom (NASDAQ:AVGO) and TSMC to build…
AbbVie raises 2024 profit forecast on strong sales of key drugs Skyrizi, Rinvoq
By Leroy Leo (Reuters) -AbbVie raised its annual profit forecast after strong sales of its newer immunology drugs and key…
STOXX 600 hits one-month low as bleak earnings weigh, tech stocks slump
By Ankika Biswas and Pranav Kashyap (Reuters) -Europe’s main stock index fell 1% to its lowest in over a month…