Lira plunges more than 7% as Turkey edges towards free market
By Nevzat Devranoglu and Huseyin Hayatsever ANKARA (Reuters) -Turkey’s lira plunged 7.6% to a record low on Wednesday in its…
Economy
Mexico foreign minister’s departure primed to spark more resignations
MEXICO CITY (Reuters) -More top officials could soon follow the foreign minister in quitting to compete for the presidency, President…
Some economists challenge Fed view very low rate world will return one day
By Michael S. Derby NEW YORK (Reuters) – Some economists are challenging the view central to some Federal Reserve officials…
Brazil’s inflation falls to more than 2-year low amid calls for rate cuts
By Gabriel Araujo SAO PAULO (Reuters) – Consumer prices in Brazil decelerated more than expected in May, government data showed…
Exclusive-Vodafone, Hutchison to announce UK merger as soon as Friday – sources
By Clare Jim and Paul Sandle HONG KONG/LONDON (Reuters) -Vodafone and CK Hutchison are in the final stage of agreeing…
Saudi crown prince, Blinken had ‘candid’ talks in Jeddah -US official
By Humeyra Pamuk and Aziz El Yaakoubi JEDDAH, Saudi Arabia (Reuters) -U.S. Secretary of State Antony Blinken had an “open,…
European stocks close lower, Inditex shines on strong earnings
By Shreyashi Sanyal and Sruthi Shankar (Reuters) -European stocks slipped on Wednesday, dented by healthcare stocks and concerns about the…
Analysis-Starbucks brews up cheaper India drinks as domestic rivals expand
By M. Sriram and Aditya Kalra MUMBAI/NEW DELHI (Reuters) – Starbucks is revamping its strategy to lure Indians, including children,…
Man Group CEO says central banks have made little difference to inflation
By Nell Mackenzie and Chiara Elisei LONDON (Reuters) – Hedge fund Man Group Chief Executive Luke Ellis believes central banks…
US trade deficit widens to 6-month high, expected to dent economic growth
By Lucia Mutikani WASHINGTON (Reuters) – The U.S. trade deficit widened by the most in eight years in April as…