By Elizabeth Pineau, Noemie Olive and Ingrid Melander PARIS (Reuters) -French President Emmanuel Macron’s flagship pension reform will enter into force swiftly, officials said on Friday after it received the Constitutional Council’s approval despite months of street protests and strikes. The legislation, which pushes up the age at which one can draw a pension to…
By Jorgelina do Rosario WASHINGTON (Reuters) -The Argentine government is in talks to issue two dollar-bonds for up to $600 million each with separate guarantees from the World Bank and the CAF as collateral, a source from Argentina’s Economy Ministry said on Friday. The World Bank and CAF-Development Bank of Latin America could not be…
By Fergal Smith (Reuters) -Canada’s main stock index edged up on Friday to its highest closing level in six weeks, helped by gains for energy and financial shares, while weaker gold prices drove down mining stocks. The Toronto Stock Exchange’s S&P/TSX composite index rose 15.42 points, or 0.1%, to 20,579.91, its highest closing level since…
By Herbert Lash NEW YORK (Reuters) – Treasury yields rose and the dollar index bounced off a one-year low on Friday after a decline in U.S. retail sales suggested the economy is slowing but not fast enough to stop the Federal Reserve from raising interest rates again in May. Stocks on Wall Street fell and…
By Hilary Russ and Katherine Masters NEW YORK (Reuters) -Tupperware’s financial woes follow a proliferation of free restaurant to-go boxes after a pandemic-era surge in delivery and carryout orders, and an onslaught of competition from cheaper food storage containers like Clorox’s GladWare. Popularized by suburban housewives hawking plastic tubs at private parties in the 1950s,…
SHANGHAI (Reuters) – China’s Zeekr has hired a former Lexus executive to helm its operations in Europe, according to a memo seen by Reuters, as the electric vehicle (EV) maker plans to sell into the region later this year. Spiros Fotinos, who spent 24 years with Toyota and led the brand management of Lexus globally,…
By Jorgelina do Rosario and Rodrigo Campos WASHINGTON (Reuters) – Colombia is looking to issue a green bond before the end of 2023, likely in dollars, and could tap traditional credit markets again this year if borrowing costs fall, Finance Minister Jose Antonio Ocampo said on Friday. He said the amounts were not set yet,…
By Leika Kihara WASHINGTON (Reuters) – China’s central bank governor on Friday took a swipe at efforts by Western economies to trade more with allies and rely less on the world’s largest goods-exporting country, saying such “friend-shoring” attempts could prevent global supply chain tension from easing. Reducing their deep dependence on supply chains with China…
(Reuters) – France’s Constitutional Council is due to deliver its verdict on Friday on a deeply unpopular bill which will delay retirement by two years to 64, and on plans for a referendum to challenge it. Here is why this matters and what could happen: VERDICT ON THE PENSION BILL * The Council can strike…
By Anna Tong and Dan Whitcomb SAN FRANCISCO (Reuters) -A tech executive was arrested on Thursday for the stabbing murder of Cash App founder Bob Lee in San Francisco, police said, stressing that the suspect knew the victim but declining to discuss a possible motive for the crime. Lee was found stumbling through the streets…
