World’s apparel, sneakers hub Vietnam struggles as US ban on Xinjiang cotton bites
(This April 27 story has been corrected to clarify that the statement is attributed to FMC commissioner, not the Commission,…
Economy
Brazil working on solution for exports to Argentina, says minister
By Lisandra Paraguassu BRASILIA (Reuters) -Brazil offered on Tuesday to help cash-strapped Argentina and provide support to Brazilian exporters so…
Bank of Korea’s Rhee says ‘little bit premature’ for policy pivot – CNBC
INCHEON, South Korea (Reuters) -South Korea’s central bank chief welcomed an easing in inflation but said it was “a little…
Indonesia economy likely grew 4.95% on year in Q1, contracted vs quarter: Reuters poll
By Sujith Pai BENGALURU (Reuters) – Indonesian annual economic growth likely slowed to its weakest in more than a year…
Failed bank executives, regulators to testify before Senate panel
By Pete Schroeder (Reuters) – The U.S. Senate Banking Committee said on Tuesday it would hear from former top officials…
Thousands of union contracts to dissolve in Mexico’s fight against pro-company deals
By Daina Beth Solomon MEXICO CITY (Reuters) – Thousands of pro-business union contracts in Mexico are set to expire as…
Fed in stride to pole-vault 5% policy rate, then perhaps catch its breath
By Howard Schneider WASHINGTON (Reuters) – The Federal Reserve kicks off a two-day policy meeting on Tuesday that is likely…
PNC promises up to $15 billion in short-term debt to provide additional liquidity
(Reuters) -PNC Financial Services Group Inc said on Tuesday the parent company and its banking unit can offer up to…
Exclusive-White House: Fed interest rates having negative effect on banking
By Andrea Shalal WASHINGTON (Reuters) -A top White House economist on Tuesday said Federal Reserve interest rate hikes aimed at…
Carrefour Brasil swings to quarterly loss as BIG purchase weighs
SAO PAULO(Reuters) -Carrefour Brasil reported a first quarter net loss of 113 million reais ($22.39 million), hit by high investment…