By Michael S. Derby NEW YORK (Reuters) – Last year, the inflation data that forced the Federal Reserve to embark on a historically aggressive path of rate rises was a bigger mover of markets than any central bank action or comment from a core policymaker, a new report from Evercore ISI said. “Fed speak in …
In 2022 inflation data trumped Fed comments for moving markets, report says Read More »
By Emma-Victoria Farr and Amy-Jo Crowley FRANKFURT (Reuters) – Hellman & Friedman (H&F) is weighing options for its Italian cloud software maker TeamSystem, a business which could be valued at several billion euros, two people familiar with the matter told Reuters. Evercore is advising California-based financial investor H&F on a possible transaction and in recent …
Exclusive-Hellman & Friedman weighs options for Italy’s TeamSystem -sources Read More »
DAVOS, Switzerland (Reuters) – Evidence from Portugal suggests some companies in the euro zone have been able to increase profit margins at a rate that risks hampering efforts to bring inflation down, Portuguese central bank governor Mario Centeno said on Wednesday. “The numbers for Portugal are very clear: profit margins increased quite a bit …
Profit margin growth ‘unsustainable’ -ECB’s Centeno Read More »
(Reuters) -Chinese fashion retailer Shein is in talks to raise up to $3 billion at a reduced valuation of $64 billion, the Financial Times reported on Wednesday, citing people with knowledge of the negotiations. The latest valuation would be nearly 36% less than the $100 billion the company was reportedly valued at in a funding …
Fashion retailer Shein in talks to raise funds at lower valuation of $64 billion – FT Read More »
WASHINGTON (Reuters) – President Joe Biden expressed condolences to the families of those killed in a helicopter crash in Ukraine on Wednesday and said the United States would honor the interior minister who was on board with continued commitment to preserving Ukraine’s democracy. He praised Interior Minister Denys Monastyrskyi’s efforts to fight Russian aggression and …
Biden vows to honor Ukraine minister killed in helicopter crash Read More »
(Reuters) – Asian American/Pacific Islander (AAPI) households and those with lower incomes have experienced higher inflation over the past few months as a rise in the costs of food and shelter and a fall in gas prices have altered inflation inequality patterns, a New York Federal Reserve analysis showed on Wednesday. The findings are a …
Changing nature of inflation prompts new inequalities, New York Fed says Read More »
BRASILIA, 18 ene (Reuters) – El presidente brasileño, Luiz Inácio Lula da Silva, destituyó el miércoles a otros 13 militares ligados a la oficina del asesor de Seguridad Nacional, responsable de proteger al mandatario. La decisión sigue a la destitución el martes de 40 militares que custodiaban la residencia presidencial de Alvorada, mientras Lula expresaba …
Lula cesa a más militares del dispositivo de seguridad tras los disturbios en Brasil Read More »
BRASILIA (Reuters) – Brazilian President Luiz Inacio Lula da Silva said on Wednesday that the country’s minimum wage must rise in line with its economic growth, after the government approved a 7.43% year-on-year increase in monthly wages to 1,302 reais ($253.59). “We have already proven that it is possible to raise the minimum wage above …
Brazil’s Lula says minimum wage has to rise in line with economic growth Read More »
WASHINGTON (Reuters) – The White House on Wednesday called Russian Foreign Minister Sergei Lavrov’s statement comparing the United States’ assembly of a coalition to take on Russia to Adolf Hitler’s actions to eradicate Jews in Europe “truly offensive.” “It’s almost so absurd that it’s not worth responding to, other than the truly offensive manner in …
White House calls Lavrov’s Holocaust comparison ‘truly offensive’ Read More »
By Kate Chappell KINGSTON (Reuters) – Olympic champion Usain Bolt is seeking to recover more than $12.7 million that disappeared from his account with a Jamaican investment firm and is willing to take the case to court if necessary, Bolt’s attorney said. Bolt last week was informed that his account balance at Kingston-based Stocks and …
Usain Bolt seeks missing $12.7 million from Jamaica investment firm Read More »
