NEW YORK (Reuters) – The U.S. economy should avoid a recession this year while inflation will fall closer to target, implying “a positive outlook for capital flows to emerging markets,” a global banking trade group said in a Wednesday report. Latin America as a whole is expected to be among foreign money’s favorite destinations among…
ZURICH (Reuters) – Switzerland’s parliament announced on Wednesday the 14 members of a special commission that will look into Credit Suisse’s collapse and its subsequent rescue engineered by Swiss authorities. The appointments, decided by the offices of the Swiss lower and upper houses of parliament, marked one of the final steps needed for the panel…
(Refiles with correct dateline spelling) By Vitalii Hnidyi STOROZHEVE, Ukraine (Reuters) -The road into the newly liberated Ukrainian village of Storozheve is lined with the corpses of Russian soldiers and burnt-out armoured vehicles. The grisly scenes bear witness to the ferocity of fighting as Ukrainian troops recaptured Storozheve and several other villages in the past…
BENGALURU (Reuters) – U.S. private equity firm Bain Capital is looking to sell a 0.7% stake in India’s Axis Bank worth as much as $267 million, CNBC-TV18 reported on Wednesday, citing sources. The stake sale would likely be at an offer price range of 964.00 rupees to 977.70 rupees per share, the report added. Bain…
BERLIN (Reuters) -Volkswagen’s passenger car brand will implement savings and cost-cutting measures amounting to 10 billion euros ($10.83 billion) by 2026 to hit a return on sales target of 6.5%, a spokesperson said on Wednesday. Chief Financial Officer Arno Antlitz posted on LinkedIn earlier on Wednesday that the company would improve production efficiency across the…
By Aidan Lewis and Khalid Abdelaziz CAIRO (Reuters) – Shooting their way through truces, Sudan’s warring factions have shown the limited leverage the United States, Saudi Arabia and other foreign powers have in ending a two-month conflict that is driving the nation deeper into disaster. Neither the army nor the paramilitary Rapid Response Forces (RSF)…
By Sam Tobin LONDON (Reuters) -The billionaire co-chairman and CEO of Chinese developer Guangzhou R&F Properties Co Ltd on Wednesday agreed to be extradited from London to the United States, where he is facing bribery charges. Zhang Li, who co-founded Hong Kong-listed R&F, is wanted on a provisional warrant issued in the Northern District of…
SAO PAULO (Reuters) – Retail sales in Brazil rose for the second consecutive month in April driven by Easter sales, data from government statistics agency IBGE showed on Wednesday, but that was still not enough for them to meet market expectations. Sales increased 0.1% in the month compared with March, IBGE said in a report,…
LONDON (Reuters) -British police were questioning a man on suspicion of murder on Wednesday as they sought the motive for a stabbing and van attack in the central English city of Nottingham which left three people dead and another in a critical condition. Two 19-year-olds, a man and a woman who were university students, were…
By David Carnevali (Reuters) – French aerospace engine maker Safran SA is nearing an approximately $1.8 billion deal to acquire a Raytheon Technologies Corp unit that makes flight controls for aircraft, helicopters and missiles, according to a person familiar with the matter. The deal rids Raytheon of a low-margin business it inherited from its $120…
