MEXICO CITY (Reuters) -Mexican inflation slowed in the first half of April and reached its lowest level in a year and a half, the national statistics agency said on Monday, fueling expectations the central bank may have completed a long cycle of interest rate hikes. Annual headline inflation through mid-April hit 6.24%, further declining from…
(Reuters) – Wall Street’s main indexes opened slightly lower on Monday as investors awaited results from megacap companies and key data that could shed light on the U.S. economy and shape the Federal Reserve’s monetary policy. The Dow Jones Industrial Average fell 3.92 points, or 0.01%, at the open to 33,805.04. The S&P 500 opened…
COPENHAGEN (Reuters) – Denmark’s government presented on Monday what it said was a “tight” fiscal spending plan for 2023, seeking to help bring down soaring inflation with a much-delayed budget for the year. “The primary aim is to get Denmark through tough times,” Finance Minister Nicolai Wammen told reporters, calling the government’s policy a “very…
ISTANBUL (Reuters) – Turkish inflation will dip to 46.4% by end-2023, a Reuters poll showed on Monday, while the policy rate is seen rising to 24% next quarter after upcoming elections that pose the greatest challenge to President Tayyip Erdogan’s 20-year rule. Turkey’s consumer price index surged in the wake of a currency crisis sparked…
BRASILIA (Reuters) – Brazil’s government is considering clarifying the size of each company’s tax benefits as part of a campaign to end tax exemptions and improve public finances, Finance Minister Fernando Haddad said in an interview with newspaper O Estado de S. Paulo published on Monday. Haddad stated that the current leadership of Brazil’s revenue…
By Ananya Mariam Rajesh (Reuters) -Coca-Cola Co on Monday topped estimates for first-quarter revenue and profit on resilient demand for its sodas and multiple price increases by the beverages maker to combat higher commodity and shipping costs. Average selling prices increased 11%, the maker of Fanta and Sprite said, while global unit case volumes rose…
By Catarina Demony and Gabriel Araujo LISBON (Reuters) – Trying to lure back wary foreign investors, Brazil’s President Luiz Inacio Lula da Silva vowed on Monday to restore stability and credibility, inviting Portuguese businesses and others to build partnerships with his country’s companies. “Brazil is ready to go back to being a big country,” Lula…
By Jamie McGeever ORLANDO, Florida (Reuters) -Hedge funds remain unconvinced by Wall Street’s recovery from the March banking shock and have instead amassed their biggest bet in over a decade that the S&P 500 will fall. Commodity Futures Trading Commission (CFTC) data for theweek ending Tuesday, April 18 show that funds and speculative accounts increased…
By Hilary Russ NEW YORK (Reuters) – The sandwich chain Subway said on Monday that its global comparable sales were 12.1% higher in the first quarter and that guest visits rose, driven in part by restaurant renovations. The privately held company is looking to boost store-level profits as it explores a possible sale, hoping to…
By Clyde Russell LAUNCESTON, Australia (Reuters) -The spot price of iron ore tumbled to a four-month low as Beijing once again talked down the key steel raw material, but as usual the question is whether the intervention will lead to sustained lower prices. The spot price for benchmark 62% iron ore for delivery to north…
