By William Schomberg and David Milliken LONDON (Reuters) -Bank of England Governor Andrew Bailey said he was concerned about the risk of “sticky and stubborn” inflation over the summer after data showed food prices still rising sharply despite a drop back to single digits for the headline inflation rate in April. Bailey, who this week…
By Walter Bianchi BUENOS AIRES (Reuters) – Argentina is in talks to renew and potentially expand its currency swap line with China, a central bank source said on Wednesday, as the South American country battles tumbling foreign reserves that threaten its ability to meet payments. The country has free access to some $5 billion as…
MEXICO CITY (Reuters) -Mexican President Andres Manuel Lopez Obrador said Wednesday his government aims to reach an agreement with mining and transport company Grupo Mexico after taking over a part of its railway last week, but said the compensation deal will not include cash. “Not money. What we are looking at is compensation. That is…
By Granth Vanaik (Reuters) – Abercrombie & Fitch Co on Wednesday posted a surprise quarterly profit and lifted its full-year sales forecast, as the clothing retailer banks on its efforts to fill shelves with in-demand goods, sending its shares up as much as 29%. The apparel retailer has worked to increase its stock across all…
ST PETERSBURG, Russia (Reuters) – The first of three Russian hypersonic missile scientists to be arrested on suspicion of treason will go on trial next week, the court handling the case said on Wednesday. The criminal case against Anatoly Maslov, 76, will open in St Petersburg’s city court on June 1, the court said on…
By Savyata Mishra (Reuters) -Kohl’s Corp on Wednesday reported a surprise profit as its new CEO’s efforts to turn around the company that saw its margins slump last year started showing results, sending the department store chain’s shares up as much as 19%. The company also maintained its full-year targets even as it posted a…
(Reuters) – CNN will host Republican U.S. presidential candidate Nikki Haley for a live town hall in Iowa on June 4, which will be hosted by the network’s anchor and chief Washington correspondent Jake Tapper, CNN said on Wednesday. CNN is getting more Republicans on the air as it seeks political diversity, the chief executive…
BERLIN (Reuters) -German Finance Minister Christian Lindner didn’t commit to a timetable for resolving a budget dispute between the three coalition partners on Wednesday, exposing cracks in the government and casting uncertainty over spending plans. “We want to present plans for the budget soon,” Lindner said before answering questions in the Bundestag’s budget committee. According…
MEXICO CITY (Reuters) – Mexican President Andres Manuel Lopez Obrador said on Wednesday he does not rule out the possibility of the government stepping in to buy a part of U.S. bank Citigroup’s local retail unit, adding the government would have up to $3 million at its disposal. Citigroup announced earlier on Wednesday it will…
(Reuters) -Consumer prices in Mexico fell more than expected in the first half of May, driving annual inflation to its lowest in 20 months, according to the first figures released after the central bank decided to pause interest rate hikes. Prices decreased 0.32% in early May, national statistics agency INEGI said on Wednesday, with 12-month…
