By Gabriel Burin and Noe Torres BUENOS AIRES/MEXICO CITY (Reuters) – Brazilian stocks are expected to keep drifting higher this year on mixed company earnings, as food exporters feel the pinch from slower global growth, while banks take advantage of sky-high interest rates, a Reuters poll showed. The Bovespa equity index has been climbing back…
By Chiara Elisei LONDON (Reuters) – The share of lower-rated European junk debt coming due within the next three years is at its highest since at least 2015, Deutsche Bank said on Tuesday, a sign the weakest borrowers may struggle to repay their debt as rates rises bite. The bank added that in the absence…
By David Milliken and Sarah Young LONDON (Reuters) -The International Monetary Fund no longer expects a recession in Britain this year, it said on Tuesday, praising steps taken by the government to stabilise the economy and fight inflation and warning against pre-election tax cuts. The IMF said gross domestic product now looks set to grow…
By William Schomberg and Andy Bruce LONDON (Reuters) -Bank of England Governor Andrew Bailey said on Tuesday the British central bank had “very big lessons to learn”, with inflation still in double digits and food prices rising at the fastest rate since the 1970s. Bailey and other top BoE officials faced two hours of often…
BEIJING (Reuters) – China’s President Xi Jinping on Tuesday called on Tibet to build a prosperous, harmonious and “new socialist Tibet” underpinned by unity and civility, days after Group of Seven (G7) nations expressed concern over human rights in the region. In rare comments on Tibet, Xi said the region should step up efforts to…
(Reuters) – Auto parts retailer AutoZone Inc missed expectations for third-quarter net sales on Tuesday, as increased prices of automobile parts led to a rise in inventories, sending its shares 3.2% lower before the bell. “Weaker-than-expected sales for the month of March meaningfully affected our results this quarter,” CEO Bill Rhodes said. Elevated material costs…
By Deborah Mary Sophia (Reuters) -Lowe’s Cos Inc cut its annual sales and profit forecasts on Tuesday, joining larger rival Home Depot in highlighting waning demand for home improvement goods with sticky inflation forcing consumers to cut back on discretionary spending. Americans are also prioritizing on travel and leisure activities instead of investing further in…
By Danilo Masoni and Lucy Raitano MILAN/LONDON (Reuters) – Concerns over recession and sticky inflation will weigh on European shares over the coming months but fading policy headwinds could see the main benchmarks reach new highs next year, a Reuters poll found. Fund managers and strategists surveyed over May 10-23 forecast the region-wide STOXX Europe…
By Caroline Valetkevitch NEW YORK (Reuters) – The S&P 500 index of U.S. shares will slip marginally between now and year-end as past interest rate hikes, troubled regional banks and weak earnings weigh on sentiment, according to strategists in a Reuters poll. They see the benchmark index ending the year at 4,150, down slightly from…
By Steve Scherer OTTAWA (Reuters) – The fortunes of Alberta’s politicians often go hand-in-hand with the Western Canadian province’s oil and gas sector, its biggest industry, and the question of who will be its greatest advocate is a major theme in the final week before Albertans pick their leader. Polls are split on whether Premier…
