BRASILIA (Reuters) – Brazil’s central bank chief Roberto Campos Neto said on Monday that long-term inflation expectations, which have long concerned policymakers, would start to decline and pointed to a clearer economic environment. “We still have a problem with long-term inflation expectations, which are high. We understand that they should start to fall too,” Campos…
(Reuters) -Bed Bath & Beyond is in talks to sell its Buybuy Baby chain to retail investment firm Go Global Retail, the Wall Street Journal reported on Monday citing people familiar with the matter. The once high-flying home goods chain, which filed for bankruptcy in April, is also fielding interest from online retailer Overstock.com for…
By Valerie Volcovici (Reuters) – After a rocky start to a week of negotiations, around 170 countries agreed to develop a first draft by November of what could become the first global treaty to curb plastic pollution by the end of next year. Country delegations, NGOs and industry representatives gathered in Paris this week for…
By David Shepardson and Lisa Baertlein WASHINGTON/LOS ANGELES (Reuters) -Groups representing major retailers and manufacturers urged the White House on Monday to intervene in contentious West Coast port labor negotiations, citing worries about shipping disruptions during critical holiday shopping seasons. The call came after the largest terminal at Southern California’s Port of Long Beach closed…
By Lawrence White and Koh Gui Qing NEW YORK/LONDON (Reuters) – World stocks and the dollar dipped on Monday as investors mulled whether the Federal Reserve will refrain from raising rates in June after data last week showed slowing U.S. wage growth, while oil prices steadied after Saudi Arabia vowed big output cuts. The benchmark…
By Lawrence White and Koh Gui Qing NEW YORK/LONDON (Reuters) – World stocks and the dollar dipped on Monday as investors mulled whether the Federal Reserve will refrain from raising rates in June after data last week showed slowing U.S. wage growth, while oil prices steadied after Saudi Arabia vowed big output cuts. The benchmark…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. The Reserve Bank of Australia delivers its latest interest rate decision on Tuesday, undoubtedly the centerpiece event for Asian and Pacific markets but potentially of interest to U.S. Fed watchers too. The RBA is expected to keep its…
By Brendan Pierson (Reuters) – Texas and an anonymous anti-abortion activist made a joint court filing over the weekend, urging a federal judge to decide a $1.8 billion fraud lawsuit they brought against Planned Parenthood in their favor, saying a recent U.S. Supreme Court ruling strengthened the case. The lawsuit, before U.S. District Judge Matthew…
By Edward McAllister and Diadie Ba DAKAR (Reuters) -Elhaji Cisse was busy on Friday, the day he was killed, tweeting hundreds of times as riots erupted beyond the walls of his compound in a busy suburb of Senegal’s capital Dakar. In one post, the 26-year-old student warned his 1,700 followers about security forces firing live…
(Reuters) – Intel Corp is offering 35 million shares of Class A common stock, or about a $1.5 billion stake, in Mobileye Global Inc, according to a regulatory filing on Monday. After the offering, Intel’s voting share in the self-driving technology company will come down to about 98.7% from the 99.3% it currently holds. Shares…
