By Hannah Lang (Reuters) – The dollar was on track for its worst daily loss in nearly a month on Thursday as U.S. manufacturing data and comments by Federal Reserve officials reinforced expectations the Federal Reserve will likely skip an interest rate hike at its upcoming meeting. The euro recovered from a two-month low on…
KHARTOUM/WASHINGTON (Reuters) -The United States on Thursday imposed sanctions on companies it accused of fuelling the conflict in Sudan, stepping up pressure on the army and a rival paramilitary force to stop fighting raging in Khartoum and other regions. The U.S. Treasury Department said it targeted two companies linked to the army, including the country’s…
(Reuters) – Better cost controls at Dell Technologies Inc helped the laptop maker beat estimates for first-quarter profit and revenue on Thursday, a positive sign for personal computer makers that have grappled with cratering demand for over a year. Shares of the company shot up 5%. The stock was halted after the company announced results…
By Marcelo Teixeira NEW YORK (Reuters) – A group of U.S. congressmen have formally complained about what they call unfair ethanol trade practices by Brazil that includes a blockade of U.S. companies seeking to take part in the Brazilian low-carbon biofuel program RenovaBio. The bipartisan group of 21 members of the U.S. Congress are asking…
WASHINGTON (Reuters) – Sri Lanka is showing a “strong commitment” to implementing economic reforms but must continue this momentum amid a challenging economic environment, International Monetary Fund Deputy Managing Director Kenji Okamura said on Thursday. In a statement at the conclusion of his visit to Columbo, Okamura said continued open dialogue with Sri Lanka’s creditors…
(Reuters) – Microsoft Corp may spend billions of dollars over multiple years on computing infrastructure from start-up CoreWeave, CNBC reported on Thursday, citing people familiar with the matter. The Windows maker had signed the CoreWeave deal earlier this year in order to ensure that OpenAI, which operates the viral ChatGPT chatbot, will have adequate computing…
By Marcela Ayres BRASILIA (Reuters) – Brazil’s economy rebounded more than expected in the first quarter, powered by a booming farm sector and paving the way for a rosier annual outlook despite a drag from high interest rates. Gross domestic product (GDP) expanded by 1.9% in the three months through March after a revised 0.1%…
By Aadi Nair (Reuters) – With Aryna Sabalenka and Novak Djokovic in action on Friday, day six of the French Open could once again see off-court issues grabbing the headlines despite both players having made clear their desire to put controversy in the rear-view mirror. Sabalenka’s two matches so far have been overshadowed by the…
NEW YORK (Reuters) – Bank of America Corp expects investment banking fees and trading revenues to be broadly flat this quarter, its CEO, Brian Moynihan, told investors at a conference on Thursday. The second-largest U.S. bank posted investment banking fees of $1.1 billon in the second quarter last year. Loan growth will probably remain flat,…
By Wendell Roelf CAPE TOWN (Reuters) -BRICS foreign ministers on Thursday asserted their bloc’s ambition to rival Western powers but their talks in South Africa were overshadowed by questions over whether Russia’s president would be arrested if he attended a summit in August. South Africa’s foreign minister Naledi Pandor said her country was mulling options…
