BRASILIA (Reuters) – Brazil’s economic ministers on Wednesday highlighted the potential for monetary easing to kick off, while the central bank continued to signal caution due to concerns over expectations of rising inflation. “My understanding that there is room for a cut cycle is no offense,” Finance Minister Fernando Haddad said during a hearing at…
By Miranda Murray CANNES (Reuters) – Independent film companies facing a market upended by the entry of streaming services are showing some optimism heading into this year’s Cannes Film Festival as the Netflix era has begun flattening out and audiences start trickling back into cinemas post-pandemic. While buyers are being cautious about purchasing volumes amid…
By Tom Käckenhoff and Christoph Steitz DUESSELDORF/FRANKFURT (Reuters) -Thyssenkrupp’s labour bosses cranked up the pressure on Berlin to help fund a 2 billion euro ($2.2 billion) green steel production site, warning in a letter to Economy Minister Robert Habeck that a further subsidy cut could choke off the project. Reducing support further would trigger a…
By Josh Ye HONG KONG (Reuters) -China’s Tencent Holdings Ltd marked a return to revenue growth in the first quarter as it recovered from COVID-19-related disruptions and China’s crackdown on video games a year earlier. The world’s largest video game company and operator of the WeChat messaging platform on Wednesday posted an 11% rise in…
By Rodrigo Campos NEW YORK (Reuters) – A measure of debt across the globe rose in the first quarter to almost $305 trillion, and the rising cost to service that debt is triggering concern about the financial system’s leverage, a widely tracked study showed. The Institute of International Finance, a financial services trade group, said…
KYIV (Reuters) – Ukraine denied on Wednesday that a Russian hypersonic missile had destroyed a U.S.-made Patriot missile defence system during an air strike on Kyiv. Russia’s defence ministry made the assertion on Tuesday after an overnight air attack on the Ukrainian capital. Two U.S. officials later said a Patriot system had probably suffered damage…
By Asif Shahzad ISLAMABAD (Reuters) -Former Pakistani Prime Minister Imran Khan said on Wednesday that police had surrounded his house and that he expected to be rearrested soon, after the government warned him to hand over supporters who it blamed for attacks on the army. Khan was arrested by the army on May 9 on…
By Josh Ye HONG KONG (Reuters) -Chinese internet giant Tencent Holdings is cutting prices for cloud services by up to 40% from June amid similar moves from rivals that have plunged the sector into a price war. The fierce competition comes amid soft corporate demand, with the Chinese economy in the midst of a wobbly…
(Reuters) -Italy posted a trade surplus with the rest of the world of 7.5 billion euros ($8.3 billion) in March, the largest in almost two years, as gas imports from Russia continued to decrease while exports of non-energy products rose, data showed. Trade data has a significant seasonal component and there has not been a…
SAO PAULO (Reuters) – Brazil’s retail sales smashed market estimates in March, growing more than the highest forecast in a Reuters poll of economists, in a positive reading for the country’s broader first-quarter economic performance despite high interest rates. Retail sales rose 0.8% in the month compared with February, data from statistics agency IBGE showed…
