FRANKFURT (Reuters) -The European Central Bank must still raise interest rates significantly as broad disinflation has not yet started, even…
Brazil’s services activity hits record high in December
By Camila Moreira and Rodrigo Viga Gaier SAO PAULO/RIO DE JANEIRO (Reuters) – Services activity in Brazil grew more than…
Hawkish Russian central bank warns of deficit threat as it holds rates
By Alexander Marrow MOSCOW (Reuters) -Russia’s central bank on Friday warned that further widening of the country’s budget deficit may…
VW to speed up electric shift in five-year plan
BERLIN (Reuters) -Volkswagen will speed up its shift to electric cars and revamp its software strategy in a five-year investment…
Adidas slumps as Kanye split triggers new profit warning
By Alexander Hübner and Rachel More BERLIN (Reuters) – Adidas shares slumped as much as 12.6% on Friday after the…
Ackman’s Pershing Square reaps $2.7 billion from rate trade but down 9% in 2022 -letter
By Nell Mackenzie LONDON (Reuters) – Billionaire investor William Ackman’s Pershing Square fund reaped $2.7 billion on interest rate trades…
Bradesco shares hit 2-year low after disappointing quarterly earnings
By Aluisio Alves and Andre Romani SAO PAULO (Reuters) – Shares in Brazil’s Banco Bradesco SA fell to their lowest…
Ralph Lauren beats quarterly revenue estimates
(Reuters) – Ralph Lauren Corp beat Wall Street expectations for quarterly revenue on Thursday, as demand for its high-end clothing…
India’s industrial output rose 4.3% y/y in December
NEW DELHI (Reuters) -India’s industrial output in December rose 4.3% year on year, data from the Ministry of Statistics showed…
Newell Brands CEO Saligram to retire; forecasts 2023 results below estimates
(Reuters) – Newell Brands Inc said its top boss Ravi Saligram will retire effective May 16 and forecast annual results…