Notizia

There it is: an admission from a central banker that rapid policy tightening may cause a hard landing for economic growth -- Federal Reserve Governor Chris Waller described rate hikes as a "blunt force" tool that may act like a "hammer", causing collateral damage to the economy.

Swiss drugmaker Novartis will cut thousands of jobs worldwide as it combines its pharma and oncology businesses in a reorganisation announced last week, Swiss newspaper Tages-Anzeiger reported on Tuesday, citing unnamed company sources.

There it is: an admission from a central banker that rapid policy tightening may cause a hard landing for economic growth -- Federal Reserve Governor Chris Waller described rate hikes as a "blunt force" tool that may act like a "hammer", causing collateral damage to the economy.

ZURICH (Reuters) -Fragrance and flavour maker Givaudan on Tuesday confirmed its mid-term targets and said it would keep raising prices this year to offset higher input costs after like-for-like sales rose 4.6% in the first quarter.

COLOMBO (Reuters) -Sri Lanka will temporarily suspend foreign debt payments to avoid a hard default, the central bank governor said on Tuesday, with its limited foreign reserves required for imports of essential items such as fuel.

Asian shares were mostly in negative territory while the U.S. dollar held strong on Tuesday ahead of U.S. inflation data which could foreshadow even more aggressive interest rate hikes from the Federal Reserve.

China's export growth likely slowed in March as the Ukraine war inhibited global demand, while imports probably eased amid signs that widespread anti-COVID lockdowns have weakened domestic consumption, a Reuters poll showed on Tuesday.

HONG KONG (Reuters) -China is encouraging long-term investors to buy more equities and major shareholders of listed firms to increase their holdings when stocks slump, in a bid to stabilise a stock market rocked by a worsening COVID-19 outbreak.

(Reuters) -Oil prices climbed on Tuesday as fears of a demand downturn in China eased after Shanghai relaxed some COVID-19 related restrictions, and OPEC warned it would be impossible to increase output enough to offset lost Russian supply.