By Marcela Ayres BRASILIA (Reuters) – Brazil’s economy rebounded more than expected in the first quarter, powered by a booming farm sector and paving the way for a rosier annual outlook despite a drag from high interest rates. Gross domestic product (GDP) expanded by 1.9% in the three months through March after a revised 0.1%…
NEW YORK (Reuters) – Bank of America Corp expects investment banking fees and trading revenues to be broadly flat this quarter, its CEO, Brian Moynihan, told investors at a conference on Thursday. The second-largest U.S. bank posted investment banking fees of $1.1 billon in the second quarter last year. Loan growth will probably remain flat,…
BRASILIA (Reuters) – Brazil posted a $11.4 billion trade surplus in May, marking a record for any given month since the data series began in 1989, official data showed on Thursday. The figure also came above the $9 billion surplus expected in a Reuters poll with economists, backed by a surge in the volume of…
By Shariq Khan BENGALURU (Reuters) -Oil prices rose on Thursday by the most in two weeks ahead of an OPEC+ meeting on Sunday, while House of Representatives passage of a bill to suspend the U.S. debt ceiling helped to offset the impact of rising inventories in the country. U.S. West Texas Intermediate crude (WTI) rose…
(Reuters) – Apple Inc is denying claims made by Russia’s Federal Security Service (FSB) that it cooperated with American spies to surveil Russian iPhone users. In a statement, the company said it has “never worked with any government to insert a backdoor into any apple product and never will.” (Reporting by Raphael Satter; Editing by…
By Ann Saphir (Reuters) – U.S. central bankers should not raise interest rates at their next meeting, Philadelphia Federal Reserve President Patrick Harker said on Thursday, even though high inflation is coming down at a “disappointingly slow” pace. “It’s time to at least hit the stop button for one meeting and see how it goes,”…
By Carolina Mandl NEW YORK (Reuters) -A big buyer of Nvidia Corp’s shares in the first quarter, Australia-listed investment firm GQG Partners, said it has continued to increase its exposure to the company since then as the chipmaker is likely to benefit from a cycle of investment in artificial intelligence. Fort Lauderdale, Florida-based GQG, which…
By John Irish and Andrew Gray BULBOACA, Moldova (Reuters) -President Volodymyr Zelenskiy pressed his case on Thursday for Ukraine to be part of the NATO military alliance and urged the alliance to provide security guarantees if membership was not possible for now. Joining a meeting of European leaders in Moldova, the Ukrainian leader was seeking…
LIMA (Reuters) – Peru’s inflation rate based on the metropolitan region of the capital Lima fell to 0.32% in May, government data showed on Thursday, but the rate of creeping consumer prices still came in above the 0.25% estimated by a Reuters poll. The slight uptick for inflation in May slowed from 0.56% in April,…
KARACHI, Pakistan (Reuters) – Pakistan’s central bank foreign reserves decreased by $102 million to $4.09 billion due to external debt payments during the week ended May 26, the central bank said in a statement. The total liquid foreign reserves held by the country stood at $9.513 billion as of May 26. (Reporting by Ariba Shahid…
