BRASILIA (Reuters) – Brazil’s public sector debt remained stable at 73.6% of its gross domestic product (GDP) in June despite a significant negative primary result for the month, showed central bank data on Friday. Economists surveyed by Reuters had anticipated the Brazilian gross debt to rise to 74.0% of GDP. In June, the public sector…
ZURICH (Reuters) -Relations of a U.S. aid worker and American soldiers – all killed or injured by Islamic State and Al-Nusra Front – have lodged a legal claim against cement maker Lafarge over payments the French company made to extremist groups. Last year Lafarge became the first company in American history convicted of bribing a…
By Jorgelina do Rosario LONDON (Reuters) – Argentina’s preliminary deal with the International Monetary Fund is set to combine reviews of its $44 billion loan programme, according to four sources, potentially paving the way for streamlining payments to the cash-strapped country. Latin America’s third biggest economy has been seeking to bring forward some of the…
BERLIN (Reuters) – A deadly earthquake in Turkey and Syria as well as tornadoes and hailstorms in the United States contributed to losses covered by insurance of $43 billion in the first half of 2023, Munich Re said in a report released on Thursday. The figure is slightly lower than the $47 billion in insured…
(Reuters) – Property and casualty insurer Liberty Mutual will stop offering its business owner’s policy (BOP) product in wildfire-prone state California from Oct. 1, in a sign that cost inflation and higher catastrophe losses are pounding insurers’ profits. A spokesperson for Liberty Mutual also told Reuters in an emailed statement that the company “will not…
BERLIN (Reuters) – German airline Lufthansa is on course for a record year, even as it has fewer flights than originally planned this year, CEO Carsten Spohr told Focus news magazine on Friday. “The average profit per passenger this year is 15 euros ($16.51),” he said, adding that the airline is now growing significantly again…
By Trevor Hunnicutt and Kanishka Singh WASHINGTON (Reuters) -The United States condemns efforts to detain or subvert the functioning of Niger’s democratically elected government, White House national security adviser Jake Sullivan said on Wednesday, and urged the release of President Mohamed Bazoum after he was detained inside his palace. “We specifically urge elements of the…
By Lina Golovnya and Stephanie Hamel (Reuters) -French IT consulting group Capgemini posted weaker quarterly growth due to a slowdown across its regions, marked by a softer-than-expected U.S. market as clients cut costs. Its shares were down 5% at 1050 GMT, the biggest decliner among French blue-chip stocks. “The U.S. market is a little bit…
By Matthias Williams and Helen Reid LONDON (Reuters) -Adidas will sell more of its stock of Yeezy products in August, it said on Friday, and reiterated a pledge to donate part of the proceeds to groups fighting discrimination, without saying how much it would give. Adidas stopped selling Yeezy shoes and abandoned its collaboration with…
By Shankar Ramakrishnan (Reuters) -Investor appetite for a type of debt issued mostly by banks to boost their capital is showing early signs of revival, just as interest rates on an estimated $120 billion of such securities are due to reset to much higher levels. So-called preferred securities, which are one of the riskiest forms…
