WASHINGTON (Reuters) – Brazil’s central bank chief Roberto Campos Neto said on Friday that markets are increasingly factoring in the “highly” inflationary impacts of the U.S. election on long-term interest rate futures. Speaking at an event hosted by Itau on the sidelines of the IMF and World Bank annual meetings, Campos Neto said worries about …
By Siddharth Cavale CENTRAL ISLIP, New York (Reuters) -Mike Jeffries, former longtime chief executive of Abercrombie & Fitch, pleaded not guilty on Friday to charges that he ran an international sex trafficking scheme while leading the clothing retailer. Jeffries, 80, who led Abercrombie from 1992 to 2014, entered his plea to one count of sex …
Former Abercrombie CEO Jeffries pleads not guilty to sex trafficking Read More »
By Sruthi Shankar and Noel Randewich (Reuters) -Nvidia dethroned Apple as the world’s most valuable company on Friday following a record-setting rally in the stock, powered by insatiable demand for its specialized artificial intelligence chips. Nvidia’s stock market value briefly touched $3.53 trillion, slightly above Apple’s $3.52 trillion, LSEG data showed. Nvidia ended the day …
Nvidia overtakes Apple as world’s most valuable company Read More »
SAO PAULO (Reuters) – The board of Brazilian miner Vale has approved Marcelo Bacci as the company’s new chief financial officer, according to a securities filing released on Friday, which added that the executive will start his new role on December 2. Bacci, who served as finance chief for pulp maker Suzano, will replace Murilo …
By Elida Moreno and Marianna Parraga PANAMA CITY (Reuters) -The Panama Canal’s profit increased about 9.5% in the fiscal year ended in September to $3.45 billion despite a severe drought that reduced the number of vessels that passed through the waterway, its authority said on Friday. The third driest year in the canal’s history reduced …
Panama Canal net income rose to $3.45 billion despite drought Read More »
By David French (Reuters) – Private equity firm Blackstone is in advanced talks to acquire minority stakes in the interstate natural gas pipelines owned by EQT Corp for about $3.5 billion, people familiar with the matter said on Friday. If the talks are successful, the deal would help the natural gas producer slash the debt …
SYDNEY (Reuters) – Top Australian investment bank Macquarie Group showed a “reckless and poor attitude to compliance” by failing to act on warnings about suspicious futures trades carried out on its platform, the country’s corporate regulator said on Friday. Australian Securities and Investments Commission (ASIC) Chair Joe Longo said by enabling some 50 electricity futures …
Regulator calls Australia’s Macquarie ‘reckless’ over futures trading breach Read More »
By Fergal Smith (Reuters) -Canada’s main stock index ended lower for a fifth straight day on Friday, led by declines for the real estate and consumer discretionary sectors, as investors turned cautious ahead of a potentially volatile period for the market. The Toronto Stock Exchange’s S&P/TSX composite index ended down 87.88 points, or 0.36%, at …
TSX posts longest daily losing streak since April Read More »
By Niket Nishant and Manya Saini (Reuters) -New York Community Bancorp delayed its profitability goal by a year after posting its fourth straight quarterly loss, in a sign of stress from its exposure to commercial real estate despite efforts to cut costs and sell non-core assets. Its shares closed down 8.2% on Friday after NYCB …
NYCB delays profit goal to 2026 after fourth straight quarter of loss Read More »
By Jonathan Stempel (Reuters) -Lyft agreed to pay a $2.1 million civil fine to settle U.S. Federal Trade Commission charges it misled prospective drivers about how much money they might earn working for the ride-hailing company. A proposed settlement was filed on Friday in San Francisco federal court, and requires a judge’s approval. The case …
