HONG KONG (Reuters) – Major Chinese developer Country Garden has signed a contract with the Postal Savings Bank of China…
Brazil’s Banco Safra buys Alfa financial conglomerate for $192 million
By Tatiana Bautzer SAO PAULO (Reuters) – Brazilian bank Banco Safra acquired control of financial conglomerate Alfa for 1.03 billion…
Amazon UK adds e-cargo bikes, walkers in decarbonisation drive
LONDON (Reuters) – Amazon UK said it would expand its electric-cargo bike fleet and make more deliveries on foot to…
Venezuela’s anti-inflation efforts dealt blow as currency tumbles
CARACAS (Reuters) – Venezuela’s effort to curb high inflation by stabilizing exchange rates is becoming less effective as the local…
List of bidders for Citigroup’s Mexican retail arm shrinks as Inbursa drops out
By Valentine Hilaire MEXICO CITY (Reuters) -Mexican bank Grupo Financiero Inbursa said on Wednesday it had pulled out of the…
Wall Street rises as Fed signals slowdown in rate hikes
By Carolina Mandl and Sinéad Carew (Reuters) – Wall Street’s main indexes ended Wednesday with solid gains after the Federal…
China will use timely RRR cuts to keep liquidity ample -state media cites cabinet
BEIJING (Reuters) -China will use timely cuts in banks’ reserve requirement ratio (RRR), alongside other monetary policy tools, to keep…
Bank of Canada says higher interest rates still needed to tame inflation
By Steve Scherer and Ismail Shakil OTTAWA (Reuters) -Inflation in Canada remains too strong, and higher interest rates will be…
U.S. prepared to authorize Chevron to boost Venezuela’s oil output
By Marianna Parraga HOUSTON (Reuters) – Chevron Corp could soon win U.S. approval to expand operations in Venezuela and resume…
Shares rise, U.S. Treasury yields drop as Fed minutes suggest slower rate hikes
By Chibuike Oguh NEW YORK (Reuters) -World equities rose while U.S. Treasury yields retreated on Wednesday after minutes of the…