IMF says dollar’s rise hit emerging markets harder than advanced economies
By David Lawder WASHINGTON (Reuters) – Emerging market economies bore the brunt of the strongest U.S. dollar in two decades…
2023
US Bancorp sees annual net interest income below Wall Street estimates, shares fall
(Reuters) – US Bancorp forecast full-year net interest income (NII) below Wall Street estimates, sending the lender’s shares down more…
Japan’s Nissan to adopt Tesla EV-charging design from 2025 in U.S., Canada
(Reuters) – Nissan on Wednesday became the first Japanese automaker to agree to adopt Tesla’s electric-vehicle charging technology in the…
Bank of England rate hike bets recede after inflation drops
By Andy Bruce LONDON (Reuters) – Investors scaled back their bets that the Bank of England will hike interest rates…
Nissan, Renault ready to announce new alliance deal in days -sources
By Maki Shiraki and Daniel Leussink TOKYO (Reuters) -Nissan and Renault will make an announcement in the coming days on…
Atlas Copco posts Q2 profit beat, but sees slowing demand
(Reuters) -Swedish industrials group Atlas Copco on Wednesday reported second-quarter operating profit that beat market forecasts, but said demand was…
South African retail sales fall 1.4% year on year in May
JOHANNESBURG (Reuters) – South African retail sales fell 1.4% year on year in May after declining by a revised 1.8%…
Brazil motor maker WEG posts Q2 net profit up 50%
SAO PAULO (Reuters) – Brazilian motor maker WEG SA reported a 50% jump in net profit, saying that “good demand”…
Ukraine accuses Russia of deliberately striking Odesa port, grain terminals
KYIV (Reuters) -Ukraine accused Russia on Wednesday of intentionally striking grain terminals and infrastructure in the Black Sea port of…
M&T Bank beats profit estimates as higher rates boost interest income
(Reuters) – M&T Bank Corporation beat Wall Street estimates for second-quarter profit on Wednesday, as the U.S. Federal Reserve’s rapid…