By Maytaal Angel and Gustavo Palencia LONDON/TEGUCIGALPA, Honduras (Reuters) -Arabica coffee from Brazil usually rated lower grade has arrived in big volumes on the world’s main price-setting market, traders said, in a fresh challenge for hand-picked premium beans from less efficient, smaller farms elsewhere in Latin America and Africa. Agricultural powerhouse Brazil grows almost half…
By Stefanno Sulaiman and Fransiska Nangoy JAKARTA (Reuters) -Indonesia’s economic growth in the second quarter accelerated unexpectedly to its highest rate in three quarters, shored up by strong household and government spending, even as exports weakened with falling commodity prices. Some economists still expect activity to slow in the second half of the year, with…
NEW YORK/BENGALURU (Reuters) -Elon Musk said on Sunday his proposed fight with Meta Chief Executive Mark Zuckerberg would be live-streamed on social media platform X, formerly known as Twitter, but a date for the match is “still in flux”. “I’m getting an MRI of my neck & upper back tomorrow. May require surgery before the…
ISTANBUL (Reuters) – Turkey’s current account is expected to record a rare surplus of $426 million in June due partly to tourism and lower energy bills, a Reuters poll showed on Monday, while the deficit was seen at $41 billion in 2023. The June estimate is based on the median response of 14 economists, whose…
By Julie Steenhuysen and Deena Beasley CHICAGO (Reuters) – Five major U.S. health systems said they would offer Eisai and Biogen’s promising new Alzheimer’s drug Leqembi after working out payment and administrative policies, and how to assess and monitor patients, most likely in the next month or two. Leqembi, which won full U.S. regulatory approval…
By Ted Hesson, Mica Rosenberg and Kristina Cooke PHILIPSBURG, Pennsylvania (Reuters) – As a presidential candidate in 2020, Joe Biden pledged to end for-profit immigration detention, saying: “No business should profit from the suffering of desperate people fleeing violence.” The opportunity for action came early in the Democratic president’s term, in May 2021, when a…
By Edward McAllister DAKAR (Reuters) – Niger’s junta has defied a Sunday deadline from West Africa’s regional bloc to reinstate ousted president Mohamed Bazoum or face a possible military intervention. Defence chiefs of the Economic Community of West African States (ECOWAS) last week drew up a plan for the possible use of force to reverse…
By Tom Polansek CHICAGO (Reuters) – Hundreds of cattle died in Iowa from extreme heat and humidity in late July, the state and livestock producers said, as the world recorded its hottest month ever. The deaths show the toll of severe weather on farm animals and food production. The losses further trim the U.S. cattle…
By Noel Randewich (Reuters) – S&P 500 companies have been reporting upbeat bottom lines for the June quarter, but not such impressive increases in their revenue. With second-quarter reporting season nearly complete, 79% of companies have posted earnings that beat analysts’ expectations, according to fresh data from Refinitiv I/B/E/S. In a typical U.S. earnings season,…
A look at the day ahead in U.S. and global markets by Samuel Indyk The second week of August looks set to begin on a slightly brighter note than the first, with U.S. futures signaling a higher open after Wall Street posted its biggest weekly drop since March’s banking turmoil as back-end yields jumped. Reverberations…
