BRASILIA (Reuters) – Brazilian central bank chief Roberto Campos Neto said markets are showing less concern about the possible victory of ex-president Luiz Inácio Lula da Silva in this year’s presidential race, according to remarks in an interview publish on Monday. When asked if a victory of the left-wing leader was already priced into financial…
By Lewis Krauskopf NEW YORK (Reuters) – Worries over a potential Russian invasion into Ukraine could fuel stock weakness over the short-term, but most U.S. market fallout related to geopolitics is likely to be short-lived, if history is any guide. With the S&P 500 down over 7% to start the year and bond yields spiking,…
(Reuters) – Citigroup Inc Chief Executive Officer Jane Fraser will be paid $22.5 million for 2021, a 31.6% increase from the previous year when she was the president of the bank and the head of its consumer businesses, the bank disclosed on Monday. (Reporting by David Henry in New York and Sohini Podder in Bengaluru;…
MEXICO CITY (AP) — Mexico’s president said Monday the U.S. suspension on avocado imports and recent environmental complaints are part of a conspiracy against his country by political or economic interests. President Andrés Manuel López Obrador put forward the conspiracy theory after the U.S. suspended imports of Mexican avocados on the eve of the Super…
BOSTON (AP) — President Joe Biden couldn’t have been more blunt about the risks of cyberattacks spinning out of control. “If we end up in a war, a real shooting war with a major power, it’s going to be as a consequence of a cyber breach of great consequence,” he told his intelligence brain trust…
By Stephen Culp NEW YORK (Reuters) – The S&P 500 index ended weaker on Monday, partly recovering from a steep late-afternoon sell-off, as U.S. plans to close its Kyiv embassy in Ukraine sent simmering geopolitical tensions to a boil. All three major U.S. stock indexes dropped sharply after U.S. Secretary of State Antony Blinken announced…
By Herbert Lash and Marc Jones NEW YORK/LONDON (Reuters) – World shares slid on Monday as U.S. warnings that Russia could invade Ukraine at any time pushed oil prices to fresh seven-year peaks and sent investors scurrying to buy safe-haven government bonds they have mostly shunned this year. Europe’s STOXX 600 share index tumbled as…
By Stephanie Kelly NEW YORK (Reuters) – Oil prices surged on Monday over 2% to their highest in more than seven years as Ukraine’s President said he had heard that Russia could invade the country on Wednesday. Russia is one of the world’s largest oil-and-gas producers, and fears that it could invade Ukraine have driven…
WASHINGTON (AP) — A worsening inflation picture has touched off a range of opinions from the Federal Reserve’s policymakers about just how fast they should raise interest rates beginning at their next meeting in March. James Bullard, president of the Federal Reserve Bank of St. Louis, on Monday reiterated his call for the Fed to…
WASHINGTON (Reuters) – U.S. passenger airlines carried 670.4 million passengers in 2021, up 83% over 2020 levels but still down significantly from pre-pandemic levels, the Transportation Department said on Monday. The department in preliminary data said airlines carried 303.6 million more passengers in 2021 but 245.9 million fewer, or 27%, than in 2019. In 2019,…
