By Michael S. Derby NEW YORK (Reuters) -San Francisco Federal Reserve President Mary Daly on Monday said it’s too soon to say whether the U.S. central bank will raise interest rates at its June 13-14 policy meeting. “We have to be extremely data-dependent, and that’s why, even three weeks in advance of the meeting, our…
SAO PAULO (Reuters) – An investment firm backed by Brazil’s Moreira Salles family has decided to launch a tender offer to buy an additional stake in Alpargatas SA, the shoemaker said on Monday, driving its shares higher. According to Alpargatas, which owns the Havaianas flip-flop brand, MS Alpa Participacoes said it would seek to buy…
By Luana Maria Benedito and Gabriel Araujo SAO PAULO (Reuters) -Private economists in Brazil lowered their expectation for the country’s inflation index this year, but the move failed to impress central bank Governor Roberto Campos Neto as he continues to see them running well above official targets. “Inflation expectations are still very high,” Campos Neto…
By Joseph White, David Shepardson and Ernest Scheyder DEARBORN, Michigan (Reuters) – Ford Motor Co on Monday unveiled an ambitious strategy to profitably ramp up electric vehicle sales but faces a challenge to slash $7 billion in costs and regain credibility on Wall Street. “You’re not going to believe us until we start delivering it,”…
(Reuters) – California’s electric grid operator has approved a plan expected to cost $7.3 billion for 45 new power transmission projects over the next decade and made it easier for new power plants in high-priority areas to connect to the grid. The projects will support the development of more than 40 gigawatts (GW) of new…
By Angeliki Koutantou and Karolina Tagaris ATHENS (Reuters) – Greek Prime Minister Kyriakos Mitsotakis declined to seek a coalition on Monday following this weekend’s inconclusive election, paving the way for a second vote in June that he hopes his conservative party will win outright. New Democracy won 40.8% of the vote versus 20.1% for the…
(Reuters) – Walt Disney Co on Monday dismissed the idea of building miniparks in the United States, saying the media company would instead spend on its major theme parks and cruise ships. “Focusing on our core assets is where we should be spending most of our opportunity,” Disney parks chief Josh D’Amaro said at a…
By Michael S. Derby NEW YORK (Reuters) – Federal Reserve Bank of San Francisco President Mary Daly on Monday said it would be quite surprising for the central bank to get inflation under control without causing some amount of job loss. “It would be a historical anomaly and quite a feat” to get inflation back…
(Reuters) -The inflation wave that crested at a 40-year high last year and remains elevated has eroded U.S. households’ sense of financial security, the Federal Reserve reported Monday, with many saying they had reduced their savings to make ends meet, felt less secure about retirement, and had delayed purchases or swapped into cheaper products as…
WASHINGTON (Reuters) – The U.S. Trade Representative’s office on Monday said it has asked Mexico to investigate labor rights denial claims at a Goodyear Tire & Rubber Co plant in San Luis Potosi in the latest “rapid response” probe under North American trade rules. USTR in a statement said the request comes after the independent…
