SEOUL (Reuters) – South Korea’s central bank governor on Friday said recent dollar/won movement was in line with his expectations,…
Mexico president confirms nomination of cenbanker Esquivel for IDB chief
MEXICO CITY (Reuters) – Mexican President Andres Manuel Lopez Obrador confirmed on Thursday the nomination of Bank of Mexico Deputy…
Buffett’s Berkshire sheds large portion of US Bancorp stake
(Reuters) – Berkshire Hathaway Inc, the conglomerate run by billionaire Warren Buffett, said on Thursday it has shed more than…
Bigger loans help Brazil bank Itau’s earnings outclass peers
SAO PAULO (Reuters) -Latin America’s biggest bank Itau Unibanco SA on Thursday posted a recurring net profit rise of 19%,…
Peru’s central bank raises benchmark interest rate to 7.25%
LIMA (Reuters) – Peru’s central bank increased its benchmark interest rate by 25 basis points to 7.25% on Thursday, as…
California’s new solar energy proposal removes hefty grid connection fee
By Ruhi Soni and Peter Henderson (Reuters) – California regulators on Thursday revised their proposal for rooftop solar systems credits,…
Exclusive-Glencore, Chad creditors agree in principle on terms of debt treatment – source
By Andrea Shalal WASHINGTON (Reuters) -Switzerland-based Glencore, China and Chad’s other creditors have reached an agreement in principle on restructuring…
Australian banks ease mortgage norms as property market cools
By Lewis Jackson and Byron Kaye SYDNEY (Reuters) -Two of Australia’s top banks have quietly relaxed some home lending standards,…
Vanguard launches Australian pension fund in bid for $2 trillion savings pool
SYDNEY (Reuters) – The world’s second-largest fund manager Vanguard launched a pension fund in Australia on Friday, the first new…
Wall Street ends sharply higher on sign of cooling inflation
By Noel Randewich (Reuters) – The S&P 500 and Nasdaq jumped on Thursday, racking up their biggest daily percentage gains…