By Ismail Shakil and Steve Scherer OTTAWA (Reuters) -The Canadian economy grew less than expected in February from the previous month and is seen shrinking in March, data showed on Friday, figures that back up the central bank’s plans to keep interest rates on pause. February gross domestic product gained 0.1%, less than the 0.2%…
LONDON (Reuters) – Ron DeSantis met Britain’s foreign minister James Cleverly during a visit to London on Friday aimed at boosting economic ties, ahead of an expected announcement by the Florida governor that he will run for U.S. president. DeSantis has been on an international tour this week as he prepares to launch a 2024…
By Howard Schneider WASHINGTON (Reuters) – As the U.S. economy reopened from the pandemic in 2021 and companies realized the pricing power at hand from supply shortages and consumers’ eagerness to spend, corporate profits spiked to claim the highest share of national income in 60 years. Profits would claim more than 15.5 cents on the…
By Jan Strupczewski and Balazs Koranyi STOCKHOLM (Reuters) – Last month’s turmoil in the banking sector barely affected European Union lenders but there remains an urgent need to make the sector even more resilient given how fast social media-created runs can sink banks, top EU officials said on Friday. EU finance ministers were briefed by…
(Reuters) – Scores of famous figures, including writers and actors, have signed an open letter urging Russian President Vladimir Putin to free opposition politician Alexei Navalny and to end what they called his torture in prison. Nobel prize-winning writers Svetlana Alexievich, JM Coetzee, Herta Mueller, Orhan Pamuk, Olga Tokarczuk and Mario Vargas Llosa were among…
By Victoria Waldersee BERLIN (Reuters) -Mercedes-Benz struck a slightly more optimistic tone alongside its first quarter results on Friday, saying demand in China and the United States was showing signs of picking up as markets recover from inflationary and supply chain shocks. Demand in Europe was still sluggish, but the German automaker expects that to…
By Svea Herbst-Bayliss and Carolina Mandl NEW YORK (Reuters) – When Wall Street investors, dealmakers and chief executives meet in Beverly Hills next week to strategize on how to make money given the concerns swirling around markets, much talk will revolve around the letter R – as in regional banks, rates, regulatory regimes and recession….
(This April 25 story has been corrected to rectify the name of the firm to Morgan Stanley Investment Management, not Morgan Stanley Asset Management, in paragraph 14) By Stephen Culp NEW YORK (Reuters) – U.S. stocks sold off, closing deep in negative territory, and Treasury yields dropped on Tuesday as disappointing earnings and soft economic…
MOSCOW (Reuters) – Taking over the temporary management of foreign banks’ divisions in Russia would not be appropriate, Central Bank Governor Elvira Nabiullina said on Friday, after Moscow seized control of two European state-owned utility companies this week. President Vladimir Putin on Tuesday signed a decree placing the Russian assets of Finland’s Fortum and Germany’s…
By Shilpa Jamkhandikar, Aditya Kalra and Munsif Vengattil MUMBAI (Reuters) – The video streaming business of Mukesh Ambani, Asia’s richest person, is likely to focus on pricing and local content following a deal with Warner Bros as it seeks to challenge the likes of Disney and Netflix in India, industry sources said. Under the content…
