LAHORE, Pakistan (Reuters) – Pakistanis are queuing for hours to grab coffee and pastries from Canadian chain Tim Hortons, which…
Rents push up U.S. consumer prices; inflation gradually cooling
By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer prices accelerated in January as Americans continued to be burdened by higher…
Analysis-Sticky inflation, weak earnings could hobble U.S. stock surge
By Lewis Krauskopf NEW YORK (Reuters) – A rally that has lifted stocks in the early weeks of 2023 may…
Argentine savers ‘drown’ under spiraling prices as inflation hits 99%
By Miguel Lo Bianco and Horacio Soria BUENOS AIRES (Reuters) – Argentina’s inflation rate has hit just shy of 100%,…
JPMorgan CFO sees nearly 20% drop in banking revenue in first quarter
(Reuters) – JPMorgan Chase & Co, the largest U.S. bank by assets, is expecting a nearly 20% drop in banking…
Mexico’s top diplomat says met with Tesla brass, ‘good news’ imminent
MEXICO CITY (Reuters) – Mexican Foreign Minister Marcelo Ebrard said on Tuesday he met with senior executives from electric automaker…
Fed not yet done on hikes but likely close, Harker says
(Reuters) – The Federal Reserve has not yet finished its round of interest rate hikes to reduce inflation and will…
Pilot Company trims energy trading unit following Buffett takeover
By Laura Sanicola and Arathy Somasekhar (Reuters) – U.S. fuel retailer Pilot Company is trimming its energy trading operation, following…
Hyundai, Kia offer software upgrade to 8.3 million U.S. vehicles to prevent thefts
By David Shepardson WASHINGTON (Reuters) – Hyundai Motor and Kia Corp will offer software upgrades to 8.3 million U.S. vehicles…
Sandwich chain Subway to explore sale
(Reuters) -Subway said on Tuesday it was exploring a possible sale of its business as the sandwich chain faces surging…