By Isabel Woodford MEXICO CITY (Reuters) -Mexican distiller Becle, the world’s largest tequila producer, narrowed down its forecasts for its 2023 sales growth, an executive said on Thursday, after profits slumped over the first three months of the year. Becle, which produces the popular Jose Cuervo tequilas, now forecasts annual growth in the high single…
By Noel Randewich (Reuters) -Shares of both Pinterest Inc and Snap Inc tumbled about 18% on Friday after the two social media companies’ quarterly reports spooked investors worried about weak digital ad spending. Their disappointing reports late on Thursday stood in contrast to strong results earlier this week from digital advertising heavyweights Alphabet Inc and…
By Nupur Anand, Andrea Shalal and Greg Roumeliotis NEW YORK (Reuters) – U.S. officials are coordinating urgent talks to rescue First Republic Bank as private-sector efforts led by the bank’s advisers have yet to reach a deal, according to three sources familiar with the situation. The Federal Deposit Insurance Corporation (FDIC), the Treasury Department and…
By Brendan Pierson (Reuters) – The Biden administration has asked a federal appeals court to put on hold a judge’s ruling striking down the Affordable Care Act’s mandate that insurers cover preventive care, including screenings for certain cancers and pre-exposure prophylaxis against HIV (PrEP), at no extra cost to patients. In a filing Thursday evening…
By Valentine Hilaire and Isabel Woodford MEXICO CITY (Reuters) -Mexico’s FEMSA , which controls one of the largest Coca-Cola bottlers and a string of convenience store chains, posted a 22% jump in its first-quarter revenue to 180 billion pesos on Friday, driven by strong sales in its key businesses. On the back of the company’s…
By Ayenat Mersie NAIROBI (Reuters) – Children account for most of the 109 bodies so far recovered in mass graves linked to a cult in Kenya, the interior minister said on Friday, the latest details in a case that has shocked the country and prompted calls for tighter regulation of religious fringe groups. Followers of…
By Luc Cohen NEW YORK (Reuters) – U.S. charges last week against two people for allegedly running a Chinese “secret police station” in New York marked the latest case in a broad ramp-up in the use of a century-old law meant to curb the activity of foreign agents. The law, Section 951, was passed as…
By Echo Wang and Mica Rosenberg FRONTON, Texas -Lihua Wu’s journey to the United States started when she scrolled past the words “The Route”, one of several common hashtags on Douyin, the Chinese counterpart of TikTok, advising migrants on the irregular overland trek across Latin America to the United States, also known online as “the…
By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer spending was unchanged in March as an increase in outlays on services was offset by a decline in goods, but persistent strength in underlying inflation pressures could see the Federal Reserve raising interest rates again next week. Stubbornly high inflation was underscored by other data on Friday…
By Khalid Abdelaziz, Nafisa Eltahir and Aidan Lewis KHARTOUM (Reuters) -Alarmed that movements of rival military factions in Sudan could bring bloodshed, a group of mediators pushed for last-ditch talks between army chief Abdel Fattah al-Burhan and paramilitary commander General Mohamed Hamdan Dagalo two weeks ago. But neither of Sudan’s two most powerful men showed…
