Economy

By Lucy Craymer WELLINGTON (Reuters) – New Zealand is at growing risk of sliding into a recession in the second half of 2022, some economists said on Friday, as consumers.

STOCKHOLM (Reuters) -Franco-Italian chipmaker STMicroelectronics reported on Thursday second-quarter revenue that exceeded analysts’ expectations, benefiting from strong demand for its chips used in smartphones to cars, and raised its full-year.

TOKYO (Reuters) – Japan will hold off on setting a ceiling for next fiscal year’s defence spending, a draft of the government’s budget outline reviewed by Reuters showed, underscoring resolve.

FRANKFURT (Reuters) – HeidelbergCement (ETR:HEIG), the world’s No.2 cement maker, on Thursday posted a 4.3% drop in second-quarter core profit, citing challenges ahead because of an unprecedented increase in energy.

HONG KONG (Reuters) – HSBC Holdings (NYSE:HSBC) said on Thursday it would leave its best lending rate in Hong Kong unchanged at 5%, despite a rise in the base rate.

BERLIN (Reuters) -The Volkswagen (ETR:VOWG_p) Group saw a 27.7% fall in operating profit before special items to 4.7 billion euros ($4.79 billion) in the second quarter, the carmaker reported on.

By Tom Westbrook SINGAPORE (Reuters) – Better-than-expected results at Microsoft (NASDAQ:MSFT) and Google helped steady a nervous mood in stock markets on Wednesday, while bonds and the dollar were on.

By Yoruk Bahceli and Sujata Rao AMSTERDAM/LONDON (Reuters) – Not convinced by central banks’ pledge to stamp on inflation, many investors are on the hunt for assets that will protect.

MILAN (Reuters) -UniCredit on Wednesday said it would complete a proposed share buyback it had put on hold pending more clarity on the hit from Russia, while improving its outlook.

Global real GDP growth will slow to 3.2% in 2022 from a forecast of 3.6% issued in April, the IMF said in an update of its World Economic Outlook. The.