Brazil inflation hits 2-1/2 year low; cenbank pressured to lower rates
SAO PAULO (Reuters) – Inflation in Brazil continued to slow down in early May, data from statistics agency IBGE showed…
Economy
Armani sales up 18% in Q1 as Asia rebounds, U.S. faces slowdown
MILAN (Reuters) -Italy’s Armani Group said on Thursday its sales jumped 18% in the first quarter thanks to a rebound…
Key US Republican Hern says debt-ceiling deal ‘likely’ by tomorrow afternoon
WASHINGTON (Reuters) – U.S. Representative Kevin Hern, who leads the largest Republican caucus, said on Thursday that he believed a…
Blockchain.com CEO says US default would hit crypto initially
By Andrew Mills DOHA (Reuters) – A U.S. government default would trigger an initial pull-back from crypto currencies followed by…
South Africa lifts interest rates to 14-year high to fight inflation
By Anait Miridzhanian, Bhargav Acharya and Kopano Gumbi PRETORIA (Reuters) -South Africa’s central bank raised its main interest rate on…
Jana Partners pushes Freshpet on recent board changes -letter
By Svea Herbst-Bayliss NEW YORK (Reuters) – The activist investor pushing for board seats at Freshpet Inc wants the pet…
U.S. pending home sales unchanged in April
WASHINGTON (Reuters) – Contracts to buy U.S. previously owned homes were unchanged in April amid tight inventory, which could delay…
Cineworld eyes bankruptcy exit in July as most lenders back restructuring plan
(Reuters) -Cineworld expects to emerge from Chapter 11 bankruptcy protection in July, the British cinema chain operator said on Thursday,…
German economy entered recession as inflation hurt consumers
BERLIN (Reuters) – The German economy was in recession in early 2023 after household spending in Europe’s economic engine finally…
Pakistan cuts growth forecast, foreign exchange reserves drop
By Asif Shahzad ISLAMABAD (Reuters) – Pakistan has cut its GDP growth estimate for fiscal year 2022-23 to 0.29%, from…