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Economy

Fed sees a glimmer that recent US productivity gains may last

By Howard Schneider WASHINGTON (Reuters) – Dreanda Cordero reentered the job market this year after a five-year break to raise three children,…
Economy

Lula slams interest rate levels as ‘the only thing wrong’ with Brazil

SAO PAULO (Reuters) – Brazilian President Luiz Inacio Lula da Silva slammed what he sees as the country’s excessively high interest rates,…
Economy

Moody’s lowers France’s credit rating to Aa3

Moody’s (NYSE:MCO) Investors Service has reduced France’s credit rating to Aa3 with a stable outlook from the previous Aa2 with a negative…
Stock

Trump transition team proposes EV policy rollback

The transition team of incoming U.S. President Donald Trump is advocating for significant policy changes that would end support for electric vehicles…
Stock

P&G agrees to disclose more on wood-pulp supplier audits

Procter & Gamble (NYSE:PG) has committed to providing greater transparency regarding its wood-pulp supplier audits. This move comes as a response to…
Stock

Alibaba set to sell Intime for $1 billion to Youngor Fashion

Alibaba (NYSE:BABA) Group Holding Ltd. is on the verge of finalizing a deal to divest its department store chain, Intime, to Youngor…
Stock

Allianz withdraws $1.63 billion bid for Income Insurance stake

The German financial services giant Allianz (ETR:ALVG) has withdrawn its proposal to acquire a 51% stake in Income Insurance, a Singapore-based insurer….
Investing

USD/MXN forecast ahead of Fed and Banxico rate decisions

The USD/MXN exchange rate has moved sideways in the past few weeks as traders eye the upcoming Federal Reserve and Banxico interest…
Investing

USD/TRY surged to a record high: will it make it a comeback?

The USD/TRY exchange rate has had another difficult year as actions of Turkey’s central bank failed to reboot the currency. The pair…
Investing

USD/RUB: Is it a good carry trade pair as BoR and Fed diverge?

The Russian ruble has remained under pressure this year as the impact of sanctions and a stronger US dollar continued. The USD/RUB…
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