BUENOS AIRES (Reuters) -Argentina’s Economy Minister Sergio Massa said on Monday the country will not use “a single dollar” of its own reserves to make a $2.7 billion repayment to the International Monetary Fund (IMF) due this week. Massa, who is also a presidential candidate in this October’s election, said in a speech that it…
By Andrea Shalal WASHINGTON (Reuters) – U.S. President Joe Biden will travel to the key battleground state of Arizona and two other Western states next week as part of a travel blitz by senior administration officials touting recent economic gains and the anniversaries of key legislation. Biden will visit Arizona, New Mexico and Utah from…
By Francesco Canepa FRANKFURT (Reuters) -Euro zone inflation fell further in July and most measures of underlying price growth also eased, in a largely comforting sign for the European Central Bank as it considers ending its severe run of interest rate hikes. Consumer prices grew by 5.3% this month versus 5.5% in June, extending a…
By Huw Jones LONDON (Reuters) -Britain’s banks and building societies have until the end of August to justify to regulators why some of their savings rates are low or face sanctions, the markets watchdog said on Monday, as Bank of England rates look set to rise to their highest since 2008. While the sector has…
By Patturaja Murugaboopathy and Gaurav Dogra (Reuters) – A handful of technology firms and last year’s laggards have so far driven the heady rise in U.S. and global stock markets this year, but bumper earnings surprises could now lift more sectors and stocks and broaden the rally, analysts say. Analysts point to receding recession concerns…
By Giulio Piovaccari MILAN (Reuters) – Lamborghini could sell 10,000 cars this year for the first time, its CEO said, as the luxury sports carmaker reported a rise in profit and revenues for the first half. The Italian brand, a subsidiary of Germany’s Volkswagen, sold 5,341 cars between January and June, up 4.9% on the…
By Lizbeth Diaz and Noe Torres TLAXCALA, Mexico (Reuters) – Mexican mother-of-two Adriana Sanchez frets the $300 or so a month her husband sends from the United States will no longer cover family expenses as a sharp appreciation in the peso currency and nagging inflation crimp her budget. Mexico now takes in nearly $60 billion…
(Reuters) – The U.S. Securities and Exchange Commission (SEC) had asked Coinbase to stop trading in all cryptocurrencies except bitcoin before suing the cryptocurrency platform in June, the Financial Times reported on Monday, citing CEO Brian Armstrong. “We really didn’t have a choice at that point. Delisting every asset other than bitcoin, which by the…
By Stephen Nellis SAN FRANCISCO (Reuters) – Two U.S. lawmakers who head a committee focused on China on Friday urged the Biden administration to tighten export restrictions on artificial intelligence chips in the wake of industry lobbying to leave the rules unchanged. Representative Mike Gallagher, a Republican and chair of the House of Representatives select…
By David Shepardson WASHINGTON (Reuters) – The Biden administration on Friday proposed to hike fuel economy standards by 2032 to a fleet-wide average of 58 miles per gallon as it seeks to cut greenhouse gas emissions and reduce fuel use. The National Highway Traffic Safety Administration (NHTSA) proposal, which covers the 2027 through 2032 model…
