By Khanh Vu and Phuong Nguyen HANOI (Reuters) – Vietnam on Thursday reported faster economic growth in the second quarter, driven by the services sector, despite a slump in exports. Gross domestic product (GDP) in the second quarter grew 4.14% from a year earlier, faster than the 3.28% expansion seen in the first quarter, the…
By Kylie Madry MEXICO CITY (Reuters) – Mexico may repurchase about $4.2 billion in outstanding bonds issued to finance a partly built Mexico City airport that was later canceled, a senior official said on Wednesday. “It’s a possibility,” Deputy Transportation Minister Rogelio Jimenez Pons told reporters, noting that the finance ministry would lead any talks…
By Yuka Obayashi TOKYO (Reuters) – Oil prices eased on Thursday, paring some of the previous day’s gains, as investors took profits on concerns that further interest rate hikes by central banks could dampen economic growth and global fuel demand. Brent crude futures fell 27 cents, or 0.4%, to $73.76 a barrel by 0052 GMT….
(Reuters) – Twitter’s new chief executive, Linda Yaccarino, is working on a slew of measures to bring back advertisers who left the platform under Elon Musk’s ownership, including introducing a video ads service, pursuing more celebrities and raising headcount, the Financial Times (FT) reported on Wednesday. Yaccarino, who started as CEO on June 5, is…
By Marc Jones LONDON (Reuters) – A total of 130 countries representing 98% of the global economy are now exploring digital versions of their currencies, with almost half in advanced development, pilot or launch stages, a closely-followed study shows. The research by the U.S.-based Atlantic Council think tank published on Wednesday said significant progress over…
By Stephen Nellis MENLO PARK, California (Reuters) – Oracle Corp is spending “billions” of dollars on chips from Nvidia Corp as it expands a cloud computing service targeting a new wave of artificial intelligence (AI) companies, Oracle founder and Chairman Larry Ellison said on Wednesday. Oracle’s cloud division is working to gain ground against larger…
By Pete Schroeder WASHINGTON (Reuters) – Big U.S. banks sailed through the Federal Reserve’s annual health check on Wednesday, in a vote of confidence for a sector still recovering from turmoil earlier this year and facing an uncertain economic outlook. The Fed’s “stress test” exercise showed lenders, including JPMorgan Chase, Bank of America, Citigroup, Wells…
By Sinéad Carew, Sruthi Shankar and Johann M Cherian (Reuters) – The Nasdaq managed a small gain on Wednesday with support from megacap stocks while the S&P 500 and the Dow closed lower after U.S. Federal Reserve Chair Jerome Powell signaled more rate hikes and said he did not see inflation falling to the central…
By Scott DiSavino NEW YORK (Reuters) -Oil prices climbed about 3% on Wednesday as the second straight weekly draw from U.S. crude stockpiles was bigger than expected, offsetting worries that further interest rate hikes could slow economic growth and reduce global oil demand. Brent futures rose $1.77, or 2.5%, to settle at $74.03 a barrel….
(Reuters) – Federal prosecutors are investigating whether a broker at Spartan Capital Securities traded on confidential information about planned mergers and acquisitions illegally obtained from Morgan Stanley, the Wall Street Journal reported on Wednesday. Jordan Meadow’s communications with five people, including a former Morgan Stanley employee, are under the scanner, the report said, citing people familiar…
