By Alexander Marrow and Elena Fabrichnaya (Reuters) – Gradually quickening inflation will force the Bank of Russia to hike interest rates again this year, a Reuters poll showed on Monday, and the rouble will struggle to claw back losses sparked by June’s abortive armed mutiny in the next 12 months. The central bank increased its…
(Reuters) – Police in southern North Carolina were on Monday searching for the driver of an SUV who they say appeared to have intentionally struck six migrant workers outside of a Walmart Supercenter before fleeing the scene. The incident unfolded on Sunday at 1:15 p.m. local time in Lincolnton, North Carolina, a town of about…
By Arriana McLymore NEW YORK, NY (Reuters) – Amazon on Monday said it hit record delivery speeds in the United States in the second-quarter while continuing to cut costs, as investors look for signs of growth in its e-commerce business when it reports its Q2 financials on Thursday. Investors tuning into the company’s earnings call…
BUENOS AIRES (Reuters) -Argentina’s Economy Minister Sergio Massa said on Monday the country will not use “a single dollar” of its own reserves to make a $2.7 billion repayment to the International Monetary Fund (IMF) due this week. Massa, who is also a presidential candidate in this October’s election, said in a speech that it…
By Andrea Shalal WASHINGTON (Reuters) – U.S. President Joe Biden will travel to the key battleground state of Arizona and two other Western states next week as part of a travel blitz by senior administration officials touting recent economic gains and the anniversaries of key legislation. Biden will visit Arizona, New Mexico and Utah from…
By Francesco Canepa FRANKFURT (Reuters) -Euro zone inflation fell further in July and most measures of underlying price growth also eased, in a largely comforting sign for the European Central Bank as it considers ending its severe run of interest rate hikes. Consumer prices grew by 5.3% this month versus 5.5% in June, extending a…
By Huw Jones LONDON (Reuters) -Britain’s banks and building societies have until the end of August to justify to regulators why some of their savings rates are low or face sanctions, the markets watchdog said on Monday, as Bank of England rates look set to rise to their highest since 2008. While the sector has…
By Patturaja Murugaboopathy and Gaurav Dogra (Reuters) – A handful of technology firms and last year’s laggards have so far driven the heady rise in U.S. and global stock markets this year, but bumper earnings surprises could now lift more sectors and stocks and broaden the rally, analysts say. Analysts point to receding recession concerns…
By Giulio Piovaccari MILAN (Reuters) – Lamborghini could sell 10,000 cars this year for the first time, its CEO said, as the luxury sports carmaker reported a rise in profit and revenues for the first half. The Italian brand, a subsidiary of Germany’s Volkswagen, sold 5,341 cars between January and June, up 4.9% on the…
By Lizbeth Diaz and Noe Torres TLAXCALA, Mexico (Reuters) – Mexican mother-of-two Adriana Sanchez frets the $300 or so a month her husband sends from the United States will no longer cover family expenses as a sharp appreciation in the peso currency and nagging inflation crimp her budget. Mexico now takes in nearly $60 billion…
