By Laura Sanicola and Shariq Khan (Reuters) – U.S. motorists hoping to squeeze out one last trip before the Labor Day holiday and school begins are finding pump prices that have surged to their highest level this year on tighter gasoline supplies. Consumers tend to get a break from steeper fuel costs as peak vacation…
BRASILIA (Reuters) – Brazil’s central bank director of international affairs Fernanda Guardado said on Tuesday policymakers are firmly dedicated to the current pace of rate cuts, after the bank flagged it expects reductions of 50 basis points in its next policy decisions. Speaking at an event hosted by XP, she said the central bank has…
(Reuters) -Southwest Airlines Co said on Tuesday it had reached a tentative agreement with the union that represents about 17,120 transport workers who handle ramp, operations, provisioning and cargo. The workers will now earn $36.72 per hour, higher than the hourly wages at United Airlines Holdings and Delta Air Lines Inc, based on the tentative…
By Sarah Morland and Isabel Woodford (Reuters) – Peru’s economy is showing signs it could start growing again after shrinking in the first half of this year, the country’s finance chief said on Tuesday, after data earlier in the day confirmed that the country had entered a technical recession. Peru’s gross domestic product (GDP) shrank…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. The word ‘crisis’ should always be used responsibly and judiciously when covering financial markets, business and economics, but are we at that point now with China? Developments in the last 24 hours from the world’s…
(Reuters) -Private equity group TPG Capital has approached accounting giant Ernst & Young (EY) about buying a stake in its consulting arm, Financial Times reported on Tuesday, citing a letter it had reviewed. TPG outlined its plan for a debt-and-equity deal to separate the consulting arm from EY’s audit business in a letter sent to…
(Reuters) – Brazil’s Nubank on Tuesday reported record revenue for the second quarter as the Warren Buffett-backed digital banking firm logged a surge in new customers. The Brazilian lender has been so far insulated from the downturn in the global banking industry as consumers in the key domestic Latin American market continued to gravitate towards…
By Pratik Jain and Dietrich Knauth (Reuters) -Mallinckrodt on Tuesday said it was preparing to seek bankruptcy protection for the second time in three years after struggling to make a required $200 million settlement payment to opioid victims. The drugmaker, one of the largest makers of opioids, said it is negotiating a restructuring support agreement…
By Stephanie Kelly NEW YORK (Reuters) – Oil prices fell over 1% on Tuesday on sluggish Chinese economic data coupled with fears that Beijing’s unexpected cut in key policy rates was not sufficiently substantial to rejuvenate the country’s sputtering post-pandemic recovery. Brent crude futures fell $1.32, or 1.5%, to settle at $84.89 a barrel, while…
By Andrea Shalal LAS VEGAS (Reuters) -Daemein Hargrove, 21, recently dropped plans for a four-year college degree to sign up for an apprenticeship program in Las Vegas that he says has given him higher pay, good medical benefits and a pension. It was made possible by a surge in solar investment fueled by U.S. President…
