(Reuters) – Mexico’s economy grew for the sixth quarter in a row in the first quarter, data from Latin America’s second-largest economy showed on Friday, with growth in line with market expectations. Gross domestic product (GDP) increased 1.0% in the period from the previous three months, statistics agency INEGI said, matching forecasts from economists in…
WASHINGTON (Reuters) – New orders for key U.S.-manufactured capital goods unexpectedly rebounded in April, raising cautious optimism that business spending on equipment could recover in the second quarter after recent back-to-back declines. Orders for non-defense capital goods excluding aircraft, a closely watched proxy for business spending plans, surged 1.4% last month, the Commerce Department said…
(Reuters) -The record $279 million whistleblower award issued by the U.S. Securities and Exchange Commission earlier this month stemmed from a bribery case against Swedish telecommunications company Ericsson, the Wall Street Journal reported on Friday. The award from the regulator’s cash-for-tip program was related to the $1.1 billion settlement the company reached with U.S. authorities…
(Reuters) – New York-based investment management company Brahman Capital Corp is closing one of its equity hedge fund and returning cash to its clients, Bloomberg News reported on Thursday, citing people familiar with the matter. The fund has lost money in the last two years, including an 18% decline in 2022, and has been flat…
By Tetsushi Kajimoto and Yoshifumi Takemoto TOKYO (Reuters) -Japan on Friday announced its mid-term economic policy framework, featuring Prime Minister Fumio Kishida’s “new capitalism” priorities, such as efforts to stem a declining birthrate with increases in childcare spending. The outline, which will serve as a backbone for the government’s economic policy set to be finalised…
(Fixes related content links) BEIJING (Reuters) -Steel rebar prices in China hit their lowest in three years this week, underscoring flagging growth in the world’s second-largest economy, particularly in its weak property sector. The spot price of HRB400 20mm steel rebar – used to reinforce concrete for buildings and infrastructure – fell to 3,510 yuan…
MILAN (Reuters) – Renault’s chief executive said on Friday the European Union’s proposed Euro 7 emissions rules for vehicles would distract the auto industry from its path to electrification and thanked the Italian government for opposing them. EU countries and lawmakers are due this year to negotiate proposed new “Euro 7” legislation that tightens vehicle…
By Riham Alkousaa and Toby Sterling BERLIN/AMSTERDAM (Reuters) – The data protection watchdog for the Netherlands said on Friday it was aware of possible Tesla data protection breaches, but it was too early for further comment. Germany’s Handelsblatt reported on Thursday that Elon Musk’s Tesla had allegedly failed to adequately protect data from customers, employees…
(Reuters) – U.S. money market funds saw big inflows in the week to May 24 as investors favored safer bets ahead of a deadline for politicians to agree an increase in the country’s debt ceiling. According to Refinitiv Lipper data, U.S. money market funds received a net $39.9 billion of inflows, the biggest week of…
By Victoria Klesty, Benjamin Mallet and America Hernandez (Reuters) -Pressure mounted on oil majors on Friday as Norway’s giant sovereign wealth fund said it would vote against CEOs at Chevron and Exxon and support for a climate activist resolution at TotalEnergies’ AGM surged to over 30%. Together with peers BP and Shell, the companies face…
