By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – The dollar gained across the board on Monday, regaining some of the luster it lost earlier in the month, bolstered by expectations of another supersized rate increase at this week’s Federal Reserve monetary policy meeting. That said, the dollar’s gains could be limited if the Fed signals on…
By Tatiana Bautzer, Paula Laier and Rodrigo Campos SAO PAULO/NEW YORK (Reuters) -Brazil’s currency rallied and the country’s main stock index also rose in a volatile session on Monday, a day after leftist Luiz Inacio Lula da Silva won the country’s presidential election, with investors bracing for a choppy week ahead. The Brazilian real gained…
Charitable giving to organizations that work to slow climate change have increased in the past year, and many more groups are receiving funds than just a few years ago. But despite the increases, giving from individuals and foundations to climate-related causes remains a stubbornly small percentage of overall charitable giving according, to a new report…
By Gavin Jones and Giuseppe Fonte ROME (Reuters) -Italy’s economy performed unexpectedly well in the third quarter, data showed on Monday, offering a welcome boost for the country’s new government as it plans extra borrowing to help families and firms cope with surging inflation. Gross domestic product grew by 0.5% in the third quarter from…
Billionaire Elon Musk is already floating major changes for Twitter — and faces major hurdles as he begins his first week as owner of the social-media platform. Twitter’s new owner fired the company’s board of directors and made himself the board’s sole member, according to a company filing Monday with the Securities and Exchange Commission….
Campari Group, owner of the iconic Wild Turkey brand, said Monday it will add to its Kentucky bourbon portfolio by taking a majority stake in Wilderness Trail Distillery. The Italian spirits company said it will acquire a 70% interest in Wilderness Trail, a bourbon and rye whiskey producer in Danville, Kentucky. Campari will acquire the…
By Valentina Za and Federico Maccioni MILAN (Reuters) -UniCredit said it expected a 400 million euro ($396 million) contribution from European Central Bank’s longer-term funds this year under their new terms, while it no longer saw any potential benefits next year. The ECB has moved to stop banks from booking a risk-free profit on these…
By Nell Mackenzie (Reuters) – Senate Republicans want the SEC to explain why staff are leaving the nation’s corporate watchdog at the highest rate in 10 years amid a flurry of proposed rules, according to a letter seen by Reuters on Sunday. The private letter dated Oct. 27 from Senate Republicans to the chair of…
WASHINGTON (AP) — The Federal Reserve may reach a turning point this week as it announces what’s expected to be another substantial three-quarter-point hike in its key interest rate — its fourth straight. Fed officials will likely engage in a fraught debate over whether it may soon be time to slow its rate hikes, which…
By Noah Browning LONDON (Reuters) -Oil prices fell on Monday after weaker than expected factory activity data out of China and on concerns that the country’s widening COVID-19 curbs will curtail demand. Brent crude futures dropped 69 cents, or 0.7%, to $95.08 a barrel by 1240 GMT, extending Friday’s 1.2% decline. U.S. West Texas Intermediate…
