Tag: cuts
Commission cuts GDP growth estimates. Germany expected in recession
(Finance) – Bad news comes from the European Commissionwhich has revised its growth forecasts downwards for the Eurozone, conditioned mostly by Germany, which expects a recession in 2023. The Summer…
Oil, Saudi Arabia and Russia extend cuts. Brent above $90
(Tiper Stock Exchange) – Saudi Arabia and Russia they have extended unilateral oil supply cuts for another three months. The move, which was more aggressive than traders had expected, immediately…
The police union criticizes pay cuts after dangerous shootings
full screen A police officer in Skåne receives a 25 percent pay cut for five days after firing a dangerous shot in a hotel room. Archive image. Photo: Johan Nilsson/TT…
in Mayotte, repeated water cuts to fight against an unprecedented drought
Since Monday, the inhabitants of Mayotte, the French archipelago in the Indian Ocean, have only had access to drinking water one day out of three. The authorities have announced voluntary…
Hawaiian Electric sued by authorities after wildfires. S&P cuts rating
(Finance) – The county of Mauiin Hawaii (USA), has sued Hawaiian Electric accusing the power company of acting negligently by failing to shut down its equipment despite warnings that hurricane…
in Mayotte, new water cuts are announced
Water shortage has been hitting the French department of Mayotte, in the Indian Ocean, for several months now. But the situation is not improving. The water towers, that is to…
Biesse, Intesa cuts target price and confirms Buy
(Tiper Stock Exchange) – Intesa Sanpaolo has lowered to 16.5 euros per share (from 18.5 euros) the target price on the title Biessea multinational listed on Euronext STAR Milan and…
Dick’s Sporting Goods cuts guidance after quarterly lower than expected
(Tiper Stock Exchange) – Dick’s Sporting Goodsthe largest full-line omnichannel sporting goods retailer headquartered in the United States, closed the second quarter (ended July 29, 2023) with sales up to…
Hawaiian Electric, Fitch also cuts rating to “junk” after fires
(Tiper Stock Exchange) – Fitch Ratings downgraded the Long-Term Issuer Default Rating (IDR) by Hawaiian Electric Industries (HEI) to “B” from “BBB+” and Hawaiian Electric Company (HECO) long-term IDR to…
China’s central bank cuts interest rates again
In contrast to major economies in the world fighting inflation, China decided to cut from 3.55% to 3.45% the one-year interest rate, which serves as a benchmark for business loans.…