By Trevor Hunnicutt and Jarrett Renshaw AUBURN, Maine (Reuters) -President Joe Biden joked Friday about Republican lawmakers threatening to impeach him, saying the latest reports on U.S. economic gains mean his political opponents “may have to find something else to criticize” him over. House of Representatives Speaker Kevin McCarthy, the top Republican in Washington, this…
SAO PAULO (Reuters) – Brazil’s jobless rate fell in the quarter through June to its lowest level for the period in nine years, statistics agency IBGE said on Friday, underscoring the labor market’s resilience despite its high interest rates. Unemployment in Latin America’s largest economy hit 8.0% in the three months through June, down from…
By Laura Matthews NEW YORK (Reuters) – The yen had its most volatile trading session in months on Friday after the Bank of Japan tweaked its yield curve control policy, leaving investors wondering if an eventual shift in its massive stimulus program is approaching. Whipsawing as traders digested the decision, the Japanese yen weakened 1.13%…
By Ted Hesson WASHINGTON (Reuters) – The Biden administration will allow some migrants from Cuba, Haiti, Nicaragua and Venezuela who are already in Mexico to apply to enter the United States as refugees, White House national security adviser Jake Sullivan said on Friday. The move will add to a range of new legal pathways opened…
LA PAZ (Reuters) – Bolivia’s government is determined to curb dependence on the U.S. dollar for foreign trade, instead turning to the Chinese yuan, officials said, as Latin American support for alternative currencies grows. Economy Minister Marcelo Montenegro said the Andean country was following “a pattern at the level of international trade, that is generating…
By Stephanie Kelly NEW YORK (Reuters) -Oil prices rose on Friday and notched a fifth straight week of gains as investors were optimistic that healthy demand and supply cuts will keep prices buoyant. Risk appetite in wider financial markets has been fueled by growing expectations that central banks such as the U.S. Federal Reserve and…
By Carolina Mandl NEW YORK (Reuters) – Two hedge funds have placed bets that bonds issued by life insurance company Lincoln National Corp will fall or that its default risk will increase, due to their concerns about the company’s commercial real estate (CRE) exposure. Investors have been on high alert for losses in CRE. That…
TOKYO (Reuters) – Toshiba Corp said on Friday a group led by Japan Industrial Partners (JIP) is expected to launch a tender offer for the industrial conglomerate “sometime in August 2023”, a delay from late July. Toshiba said in a statement that procedures under foreign competition laws and regulations in some jurisdictions are not expected…
By Lucia Mutikani WASHINGTON (Reuters) – Annual U.S. inflation rose at its slowest pace in more than two years in June, with underlying price pressures receding, a trend that, if sustained, could push the Federal Reserve closer to ending its fastest interest rate hiking cycle since the 1980s. The improving inflation environment was reinforced by…
By Alvise Armellini ROME (Reuters) -Italy’s state-controlled defence and aerospace group Leonardo needs to focus on the fast-growing cybersecurity and space sectors to keep up with industry trends, its new CEO said on Friday. Roberto Cingolani, a scientist and former energy and environment minister who was installed in May, spoke as the company reported for…
