Thirdquarter GDP growth raised to 5.2 rate from 4.9 Consumer spending revised lower; core inflation trimmed Corporate profits increase 4.3; saving rate raised WASHINGTON, Reuters The U.S. economy grew faster than initially thought in the third quarter as businesses built more warehouses and accumulated machinery equipment, but momentum appears to have since waned as higher borrowing […]

HONG KONGSYDNEY Nov 30 Reuters Zeekr, Chinese automaker Geely39;s premium electric vehicle EV brand, has put its U.S. initial public offering IPO on hold due to a mismatch in valuation expectations, according to two sources with direct knowledge of the matter. The decision was made as global financial markets remain volatile, a third source added. […]

BRUSSELSDUBAI, Nov 30 Reuters Countries at the U.N.39;s COP28 climate summit opening on Thursday hope to clinch an early deal on a new fund to pay for climatecaused damage, aiming to muster some political goodwill before talks turn to divisive topics including the future of fossil fuels. As the 70,000 delegates expected to attend COP28 […]