WASHINGTON (Reuters) – The governors of the Inter-American Development Bank (IDB) have elected Brazil’s Ilan Goldfajn as president of the financial institution after Mauricio Claver-Carone, the first American to lead it, was ousted over ethics violations, two sources told Reuters. Five countries – Argentina, Trinidad and Tobago, Mexico, Brazil and Chile – had nominated candidates…
By David Randall NEW YORK (Reuters) -As the most important shopping period of the year approaches, some investors are betting shares of beaten-down consumer stocks will benefit if inflation keeps falling and retail sales stay strong. Consumer discretionary stocks, a group whose members run the gamut from Amazon.com Inc and automaker Tesla Inc to retailer…
MADRID (Reuters) – The European mobile towers market is “pretty much closed” as rising inflation makes it harder for companies to finance new deals and the availability of assets declines, the chief executive of Cellnex told the Financial Times. “M&A activity is over. Material, inorganic growth, for the next 24 months is over,” Tobías Martínez…
(Reuters) – Cryptocurrency exchange FTX, which has filed for U.S. bankruptcy court protection, said it owes its 50 biggest creditors nearly $3.1 billion. The exchange owes about $1.45 billion to its top ten creditors, it said in a court filing on Saturday, without naming them. FTX and its affiliates filed for bankruptcy in Delaware on…
By Sheila Dang and Helen Coster (Reuters) -Donald Trump on Saturday said he had no interest in returning to Twitter even as a slim majority voted in favor of reinstating the former U.S. President, who was banned from the social media service for inciting violence, in a poll organized by new owner Elon Musk. Slightly…
By Sheila Dang and Helen Coster (Reuters) -Donald Trump on Saturday said he had no interest in returning to Twitter even as a slim majority voted in favor of reinstating the former U.S. President, who was banned from the social media service for inciting violence, in a poll organized by new owner Elon Musk. Slightly…
By Sheila Dang and Helen Coster (Reuters) – Donald Trump on Saturday said he had no interest in returning to Twitter even as a slim majority voted in favor of reinstating the former U.S. President, who was banned from the social media service for inciting violence, in a poll organized by new owner Elon Musk….
By Howard Schneider WASHINGTON (Reuters) – Atlanta Federal Reserve President Raphael Bostic said Saturday he is ready to “move away” from three-quarter-point rate hikes at the Fed’s December meeting and feels the Fed’s target policy rate need rise no more than another percentage point to tackle inflation. “If the economy proceeds as I expect, I…
By Michael S. Derby BOSTON (Reuters) – For all the tumult and disruptions of the coronavirus pandemic, U.S. labor markets have come out on the other side not far from the strong conditions that prevailed before the crisis, a paper presented at a Boston Fed research conference said. Almost all of the hit the U.S….
BERLIN (Reuters) – Former Bundesbank chief Jens Weidmann is to be a candidate to become chairman of Commerzbank’s supervisory board after Helmut Gottschalk decided not to stand for a new term in the role, the German bank said on Saturday. It said shareholder representatives of the Presiding and Nomination Committee had responded positively to Gottschalk’s…
