Hopes of political change, surging inflation lure hedge funds to Argentinian stocks
By Amruta Khandekar and Siddarth S (Reuters) – Foreign hedge funds have been lapping up Argentinian equities at cheap valuations…
Business
Brazil real to take near-term support from improving economic outlook: Reuters Poll
By Gabriel Burin BUENOS AIRES (Reuters) – Brazil’s currency will likely enjoy some support in the near term from faster…
Longtime Showtime executive David Nevins named CEO of North Road Company
LOS ANGELES (Reuters) – Longtime Showtime Networks executive David Nevins has been named chief executive of the North Road Company,…
Startup e-commerce platform Temu expands to Japan
SHANGHAI (Reuters) – Ultra low-cost e-commerce platform Temu, owned by PDD Holdings, has started selling to Japan, marking its first…
Mercedes to extend CEO Kallenius’ contract – Handelsblatt
BERLIN (Reuters) – Mercedes-Benz wants to extend Chief Executive Ola Kallenius’ contract, keeping the 54-year-old at the helm of the…
Sri Lanka slashes rates as expected after IMF rescue, more easing seen soon
By Uditha Jayasinghe and Swati Bhat COLOMBO (Reuters) -Sri Lanka cut its key interest rates for the second straight month…
Argentina to push July IMF debt payments to month-end -source
BUENOS AIRES (Reuters) – Argentina will push loan repayments due to the International Monetary Fund (IMF) in July to the…
Marketmind: Markets labor on China, three jobs gauges
A look at the day ahead in U.S. and global markets from Mike Dolan World markets have taken a hit…
ECB backs draft EU rules for winding down smaller banks
FRANKFURT (Reuters) – The European Central Bank on Thursday backed proposed new EU rules for closing down smaller banks when…
Indian rupee rangebound in near term, to rise a bit in a year: Reuters poll
By Shaloo Shrivastava and Anant Chandak BENGALURU (Reuters) – The rupee will hold on to its recent gains against the…