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Pakistan lifts luxury goods import ban, to impose heavy duties
ISLAMABAD (Reuters) -Pakistan on Thursday lifted an import ban on luxury goods, but such items will be heavily taxed, Finance Minister Miftah Ismail said. Pakistan banned the import of all non-essenti...
Syndicated Content Aug 18, 2022
Turkey cenbank says shock rate cut needed to sustain growth
ANKARA (Reuters) - Turkey's central bank said on Thursday it delivered a surprise interest rate cut to drive economic growth and sustain employment amid growing geopolitical risk, adding rising loan r...
Syndicated Content Aug 18, 2022
Explainer-What is at stake for investors in Angola’s elections?
By Rachel Savage and Catarina Demony LONDON/LUANDA (Reuters) - Angolan voters will choose next Wednesday between a party that's been in power for nearly five decades and its main opponent for even lon...
Syndicated Content Aug 18, 2022
Futures tick higher ahead of weekly jobless claims data
(Reuters) - U.S. stock index futures edged up on Thursday ahead of labor market data, while investors assessed the Federal Reserve's July meeting minutes that suggested the central bank might pursue a...
Syndicated Content Aug 18, 2022
Kohl’s cuts annual forecasts as inflation squeezes demand
(Reuters) - Kohl's Corp cut its full-year sales and profit forecasts on Thursday, squeezed by steeper discounts and higher costs amid dwindling demand for clothing and shoes in the face of high inflat...
Syndicated Content Aug 18, 2022
Valereum to end bitcoin mining to focus on Gibraltar exchange
By Huw Jones LONDON (Reuters) - Blockchain company Valereum said on Thursday it was selling its bitcoin mining assets to Vinanz Ltd for a 24% stake in the company as part of plans to acquire and expan...
Syndicated Content Aug 18, 2022
Analysis-Years of political crises in Peru are finally hitting its economy
By Marcelo Rochabrun LIMA (Reuters) - Since 2011, Peruvians have lived under seven presidents and seen four ex-leaders detained or wanted on corruption allegations. Yet, in the same period Peru has he...
Syndicated Content Aug 18, 2022
Luxury sneakers may be a step too far for cash-strapped Gen Z
By Casey Hall and Mimosa Spencer SHANGHAI/PARIS (Reuters) - From $300 bucket hats to $900 sneakers and $700 t-shirts, the high-flying luxury sector is fretting over the appetite among financially stre...
Syndicated Content Aug 18, 2022
Kazakhstan secures extra gas supply from Chevron-led Tengiz field
ALMATY (Reuters) - A Chevron-led joint venture has agreed to redirect 2.6 billion cubic metres (bcm) of gas per year towards Kazakhstan's domestic market instead of exporting it, Kazakh President Kass...
Syndicated Content Aug 18, 2022
Estee Lauder forecasts dour 2023 due to China COVID lockdowns
(Reuters) - Estee Lauder Cos Inc on Thursday forecast full-year sales and adjusted profit below estimates, due to a hit from COVID-19-related lockdowns in major market China. The country, which recent...
Syndicated Content Aug 18, 2022
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