WASHINGTON (Reuters) – GDP in Latin America and the Caribbean is set to grow 2.1% this year, three-tenths of a percentage point more than projected in July, the International Monetary Fund said on Tuesday, after revising growth forecasts for the region’s two largest economies. While the IMF significantly raised its 2024 growth forecast for Brazil …
IMF raises Latin American growth forecast for 2024 Read More »
(Reuters) – Vietnamese EV maker VinFast said on Tuesday it delivered 21,912 electric vehicles in the third quarter, up 66% from the sequentially previous quarter. The company delivered more than 9,300 EVs in Vietnam during September, marking the highest monthly deliveries in the country. Last month, VinFast reported a bigger second-quarter loss due to rising …
VinFast’s third-quarter deliveries jump on robust domestic demand Read More »
(Reuters) – Ratings agency Moody’s raised its full-year adjusted profit forecast above Wall Street estimates and posted a nearly 31% rise in third-quarter earnings on Tuesday, on strong demand for its research and analytics products. WHY IT’S IMPORTANT Growing expectations of a soft landing for the U.S. economy as the Federal Reserve began its rate …
Moody’s raises full-year profit forecast above estimates on strong product demand Read More »
By Gabriel Burin BUENOS AIRES (Reuters) – Argentina’s beleaguered economy is set to rebound in 2025 after two years of recession as the government tries to spark a private sector-driven recovery with its “chainsaw” plan to shrink the size of the state, a Reuters poll showed. Household spending is expected to pick up thanks to …
Argentina’s beleaguered economy set to rebound in 2025: Reuters poll Read More »
A look at the day ahead in U.S. and global markets from Mike Dolan U.S. Treasuries are starting to balk at post-election fiscal prospects and the resulting spike in benchmark borrowing rates has knocked stock markets off their perch and lifted the dollar to its best level since early August. Ten-year Treasury yields zoomed higher …
Morning Bid: Bonds bowl over the pins, IMF forecasts due Read More »
(Reuters) – Westpac Banking Corp, Australia’s third-largest lender by market value, said on Tuesday its 2024 net profit would take a A$123 million ($82.26 million) hit due to impacts from certain notable items. The bank attributed the hit to the unrealised fair value gains and losses on economic hedges and net ineffectiveness on qualifying hedges …
Westpac flags $82 million hit to FY24 net profit from notable items Read More »
By Suzanne McGee (Reuters) – Investors are leaving exchange-traded funds tied to specific themes, such as artificial intelligence and video gaming, as they flock to funds linked to broad stock-market benchmarks that are hitting record highs. The run for the exits, however, may slow if the broader market stumbles. While flows in equity ETFs overall …
Analysis-Investors flee thematic ETFs as stock benchmarks soar Read More »
SYDNEY (Reuters) – A legal battle between the Australian CEO of logistics software maker WiseTech and a woman reported by local media to be his former lover has been settled, a court filing showed, ending a saga which has punished the company’s share price. Richard White, who is also the founder and biggest shareholder of …
Australian lawsuit involving billionaire WiseTech CEO is settled Read More »
(Reuters) – Shares of Spirit Airlines surged as much as 46% on Monday after the ultra low-cost carrier reached a deal with its credit card processor to extend a debt refinancing deadline by two months until Dec. 23. The agreement with U.S. Bank National Association provides some elbow room to Spirit to refinance its $1.1 …
Spirit Airlines shares jump 46% on extension to debt refinancing deadline Read More »
By Ann Saphir (Reuters) -Four Federal Reserve policymakers on Monday expressed support for further interest-rate cuts, but appeared to differ on how fast or far they believe any cuts should go. Three of them, citing the strength of the economy and an uncertain outlook, expressed a preference for going slow, using words like “modest” and …
Four Fed policymakers favor more rate cuts, but differ on pace Read More »
