By Marine Strauss BRUSSELS (Reuters) – Providing equitable access to appropriate housing in slums and other informal settlements could massively increase economic growth and boost life expectancy, a report to be published on Tuesday by home-building charity Habitat for Humanity shows. Proper housing could increase economic growth by up to 10.5%, while life expectancy could…
LONDON (Reuters) – Rising demand from automakers, industry and investors will push the global platinum market into its biggest deficit in years, three industry reports predicted on Monday. The reports underline an emerging change in fortunes for platinum and its sister metal palladium, both used chiefly in vehicle exhausts to neutralise harmful engine emissions. For…
By Walter Bianchi BUENOS AIRES (Reuters) – Argentina’s government is bolstering its economic defenses as it battles runaway inflation that hit 109% in April, fast draining central bank foreign currency reserves, a weakening peso and simmering market fears of a sharp-shock devaluation. The economy ministry announced a package of measures on Sunday including new interest…
By Davide Barbuscia and Pete Schroeder NEW YORK/WASHINGTON (Reuters) – As talks over raising the U.S. government’s $31.4 trillion debt ceiling intensify, Wall Street banks and asset managers have begun preparing for fallout from a potential default. The financial industry has prepared for such a crisis before, most recently in September 2021. But this time,…
By Samrhitha A and Rahat Sandhu (Reuters) -Vice Media Group, popular for websites such as Vice and Motherboard, filed for bankruptcy protection on Monday to engineer its sale to a group of lenders, capping years of financial difficulties and top-executive departures. The bankruptcy filing is a fallout of a challenging period for many technology and…
By Uditha Jayasinghe COLOMBO (Reuters) -The International Monetary Fund (IMF) mission in Sri Lanka will evaluate progress made on reforms so far and complete an exercise to improve governance in key areas of the economy, an IMF official said on Monday. An IMF team is in Colombo until May 23 as part of regular consultations…
(Reuters) – Chicago Federal Reserve Bank President Austan Goolsbee said on Monday that his decision to support an interest rate hike at the U.S. central bank’s most recent meeting in May was a “close call” as he weighed the impact of credit tightening from recent bank stresses. “The thing that made it a close call…
SAO PAULO (Reuters) – Brazilian retailer Americanas SA, which filed for bankruptcy earlier this year after an accounting scandal, said on Monday it has started the market sounding process to prospect parties interested in buying its stake in Grupo Uni.co. Americanas, which has the billionaire trio that founded 3G Capital as reference shareholders, said in…
By Shivangi Acharya and Manoj Kumar NEW DELHI (Reuters) – India’s merchandise and services trade deficit narrowed to a 21-month low in April as imports dropped partly due to some slackening in demand for discretionary items and oil in the Asian economy. The merchandise and services deficit fell to $1.38 billion compared with $8.37 billion…
PARIS (Reuters) -Billionaire entrepreneur Elon Musk will meet French President Emmanuel Macron and other political leaders on Monday at a business conference close to Paris, the Elysee Palace said, confirming earlier media reports. Musk, the CEO of Tesla who bought social network Twitter in a $44 billion deal last year, will meet Macron at the…
