By Marcela Ayres BRASILIA (Reuters) -Brazil’s central bank on Wednesday raised interest rates by 50 basis points, in line with prevailing market expectations, and signaled another increase coming in the world’s most aggressive rate-hiking cycle. The bank’s rate-setting committee, known as Copom, raised its benchmark Selic interest rate to 13.25%, the highest level since the…
By Koh Gui Qing NEW YORK (Reuters) – Global stocks rallied and government bond yields and the dollar retreated from multi-year highs on Wednesday as investors cheered the Federal Reserve’s decision to raise interest rates by three-fourths of a percentage point, the biggest increase since 1994. Investors seemed relieved that the U.S. central bank had…
WASHINGTON (AP) — The Biden administration proposed Wednesday that future planes produce lower levels of greenhouse gas emissions before they can be certified by federal regulators. The Federal Aviation Administration proposal would increase fuel-efficiency standards for jets and large turboprop and propeller-driven planes that it has not yet certified and planes built after Jan. 1,…
By Marcela Ayres BRASILIA (Reuters) – Brazil’s central bank on Wednesday raised interest rates by 50 basis points, in line with prevailing market expectations, and signaled an upcoming increase of the same size or smaller, extending an aggressive tightening cycle. The bank’s rate-setting committee, known as Copom, raised its benchmark Selic interest rate to 13.25%,…
MEXICO CITY (Reuters) – The United States and Mexico are working through disputes involving American companies in the Mexican energy sector worth more than an estimated $30 billion in investment, the U.S. ambassador to the country said on Wednesday. In an interview with Reuters, Ambassador Ken Salazar said his government was making progress in resolving…
By Tom Wilson, Gertrude Chavez-Dreyfuss and Hannah Lang LONDON/NEW YORK (Reuters) -Bitcoin recovered on Wednesday after diving to an 18-month low, buoyed by the U.S. Federal Reserve’s tough stance on inflation even in the midst of a market meltdown this week after crypto lender Celsius froze customer withdrawals. The world’s largest cryptocurrency fell as much…
WASHINGTON (AP) — Record-low mortgages are long gone. Credit card rates will likely rise. So will the cost of an auto loan. Savers may finally see a noticeable return. The unusually large t hree-quarter point hike in its benchmark short-term rate that the Federal Reserve announced Wednesday won’t, by itself, have a huge effect on…
By Paul Lienert (Reuters) – General Motors will invest $81 million to build its future Cadillac Celestiq electric flagship sedan at GM’s Warren Technical Center, the company said on Wednesday. The Celestiq, which will share battery cells, motors and other components with the Cadillac Lyriq, is slated to begin production in the Detroit suburb in…
SAN FRANCISCO (AP) — Internet Explorer is finally headed out to pasture. As of Wednesday, Microsoft will no longer support the once-dominant browser that legions of web surfers loved to hate — and a few still claim to adore. The 27-year-old application now joins BlackBerry phones, dial-up modems and Palm Pilots in the dustbin of…
By Eric M. Johnson and David Shepardson EVERETT, Wash./WASHINGTON (Reuters) -Boeing Co on Wednesday said it was making progress with regulators on its 737 MAX 10 aircraft but declined to offer a clear timeline on when it expects to win approval, in a tougher regulatory climate. Boeing has a December deadline to win approval for…
