(Adds full name and title of strategist) NEW YORK (Reuters) -A U.S. Treasuries yield curve inversion this time around may not be the perfect predictor of a recession, a Credit Suisse strategist said on Wednesday, as the Federal Reserve’s focus on reducing inflation could take priority over economic growth concerns. Reflecting the U.S. central bank’s…
By Tatiana Bautzer and Carolina Mandl SAO PAULO (Reuters) – Brazil’s economic downturn may represent an opportunity for Latin America’s newest listed lender to gain market share aggressively despite the riskier environment, the founder and CEO of digital bank Nubank, David Velez, said. The fintech debuted on the New York Stock Exchange less than two…
By Katanga Johnson WASHINGTON (Reuters) -Global stocks staged a recovery on Wednesday as strong earnings from U.S. technology companies and OPEC+ plans for moderate oil output helped to counter jitters over the pace of central banks’ interest rate hikes. The STOXX index of 600 European companies rose 0.45%, up for a third straight session, to…
NEW YORK (AP) — CNN President Jeff Zucker abruptly resigned Wednesday after acknowledging a consensual relationship with another network executive — an entanglement that came to light during an investigation of now-fired anchor Chris Cuomo. Zucker said he was asked about his relationship with longtime aide Allison Gollust as part of the Cuomo investigation, which…
By Gertrude Chavez-Dreyfuss and Joice Alves NEW YORK/LONDON (Reuters) -The dollar slid to more than a one-week low on Wednesday as data showed a drop in U.S. private sector employment in January due to the increase in COVID-19 infections, easing expectations the Federal Reserve would announce a large interest rate increase at its policy meeting…
PRAGUE (AP) — The Czech Republic’s government has agreed to end mandatory coronavirus testing at schools and companies this month, the prime minister said Wednesday. The testing “undoubtedly” helped slow down the spread of infections and prevented the health system from being overwhelmed, Prime Minister Petr Fiala said. “Given the development, we’ve decided to end…
By Lucia Mutikani WASHINGTON (Reuters) -U.S. private payrolls fell for the first time in a year in January as soaring COVID-19 infections disrupted business operations, raising the risk of a sharp decline in employment that would deal a temporary setback to the labor market. Private payrolls decreased by 301,000 jobs last month after increasing by…
(Refiles to fix typo in lead) ZURICH (Reuters) -Former Credit Suisse chairman Antonio Horta-Osorio has been ordered to pay a fine of 2,000 Swiss francs ($2,178) after breaking COVID-19 quarantine rules, prosecutors said on Wednesday, following his resignation from the bank. The rule-breaking was an embarrassment for the former Lloyds chief executive who left on…
BRUSSELS (AP) — The European Union on Wednesday proposed including nuclear energy and natural gas in its plans for building a climate-friendly future, dividing member countries and drawing outcry from environmentalists as “greenwashing.” The green labeling system from the European Commission, the EU’s executive arm, defines what qualifies as an investment in sustainable energy in…
(Reuters) – American Airlines Group Inc said on Wednesday it has agreed to buy an additional 23 737 MAX 8 aircraft from Boeing Co by exercising existing purchase options and deferring the delivery of some 787-9 Dreamliner aircraft. The airline’s move to boost its 737 MAX fleet comes at a time when domestic travel in…
