BEIJINGSHANGHAI, Sept 8 Reuters China39;s passenger vehicle sales returned to growth in August yearonyear, as deeper discounts and tax breaks for environmentally friendly and electric vehicles boosted consumer sentiment even as economic growth remains weak. Car sales jumped 2.2 in August from the same month a year ago to 1.94 million units, data from the […]

PARIS, Sept 8 Reuters The United Nations food agency39;s world price index fell in August to a new twoyear low, reversing a rebound seen the previous month, as a decline in most food commodities offset increases for rice and sugar. The Food and Agriculture Organization39;s FAO price index, which tracks the most globally traded food commodities, […]

Analysts see 2023 contraction likely on lost oil volumes Saudi cut is biggest production drop in nearly 15 years Extra Aramco dividend provides some cushion for public finances PIF spending spree not seen slowing despite hit to state revenue DUBAI, Sept 8 Reuters Saudi Arabia faces the risk of an economic contraction this year following […]

WASHINGTON, Sept 8 Reuters The U.S. Treasury said on Friday it will provide guidance on additional clean energy tax incentives before the end of 2023, including a provision aimed at deterring companies from relying on Chinese supply chains. Lily Batchelder, the Treasury39;s assistant secretary for tax policy, declined to provide reporters with specific timing for […]

Sept 8 Reuters U.S. packaged food companies are set for a flurry of deals in a push to revamp their brand portfolios as their pandemicera fortunes fade and benefits of price hikes start to taper off. Last month, Campbell Soup struck a 2.7 billion deal for Rao39;s sauce maker Sovos Brands. Unilever bought premium frozen yogurt brand Yasso in North […]