Blue Apron to Cut 10 of Corporate Workforce

Dec 8 Reuters Blue Apron Holdings Inc will cut about 10 of its corporate workforce, the online meal kit company said on Thursday, the latest U.S. firm reining in costs against the backdrop of rising expectations of an economic downturn. Shares of the company, which is facing uncertainties around funding, rose as much as 12.5 at […]
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Orban Raids Pil Extra Profits on Scrapping Fuel Price Cap

BUDAPEST, Dec 7 Reuters Hungary39;s government will siphon off nearly all profits earned on cheaper crude oil imported from Russia from Thursday, it said in a decree, a day after Prime Minister Viktor Orban39;s cabinet scrapped a retail fuel price cap amid a shortage of supplies. Lower crude imports via the Druzhba oil pipeline from […]
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China Nov Passenger Vehicle Sales Drop 9.5 CPCA

SHANGHAI, Dec 8 Reuters China39;s passenger vehicle sales fell for the first time in six months in November and are expected to stay flat next year, an industry body said on Thursday, as demand weakens faster than expected, even as stringent COVID rules are eased. Vehicle sales last month fell 9.5 from a year earlier […]
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Mexico Annual Inflation Slows to 7.8 in November

MEXICO CITY, Dec 8 Reuters Mexican consumer prices rose 7.8 in the year through November, slowing down from the previous month to reach its lowest level since May even as the core index remains a concern, data from national statistics agency INEGI showed on Thursday. Annual inflation in Latin America39;s secondlargest economy came in below […]
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BlackRock has Frozen Hires, Reduced Spending, says CFO

NEW YORK, Dec 6 Reuters BlackRock Inc Chief Financial Officer Gary Shedlin on Tuesday said his firm is freezing most hiring and reducing expenses. We39;re trying to be a little more prudent, he said during a financial conference hosted by Goldman Sachs, adding that these measures will put BlackRock in a better position next year. BlackRock […]
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Blackstones Credit Fund Reaches Withdrawal Limit

NEW YORK, Dec 6 Reuters Blackstone Inc said redemptions from its 50 billion nontraded business development company reached its preset limit for the first time but investors were still allowed to cash out on their investments. This is the first time redemption requests had reached the preset limit of 5 since Blackstone launched the product in […]
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