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(Reuters) – Minneapolis Federal Reserve Bank President Neel Kashkari said in an interview with CNBC broadcast on Tuesday that the U.S. central bank should wait for significant progress on inflation before cutting interest rates. “Many more months of positive inflation data, I think, to give me confidence that it’s appropriate to dial back,” Kashkari told …

Fed’s Kashkari wants significant progress on inflation before rate cuts Read More »

MEXICO CITY (Reuters) – Mexican carrier Aeromexico is temporarily suspending its route from Mexico City to the Ecuadorean capital of Quito, the airline said on Monday. The route will be suspended from July 1 to Dec. 18, Aeromexico confirmed. Travel between Mexico and Ecuador has become more difficult in the fallout after the dramatic April …

Aeromexico temporarily suspends Mexico City-Quito route Read More »

(Reuters) – Brazil’s central bank chief Roberto Campos Neto said on Monday that policymakers believe inflation expectations should stabilize and improve over time, after recently citing concerns about them deviating from the official target. “It is generally possible to be optimistic when we look at the reasons (for the unanchoring of inflation expectations),” he said …

Brazil inflation expectations to improve over time, says central bank chief Read More »

MEXICO CITY (Reuters) – U.S. construction company Vulcan Materials on Monday rejected what it considers the “illegal expropriation” of its investments in Mexico and said it remains open to a negotiated solution with the Mexican government. The company has been engaged in a years-long conflict with Mexico’s government after officials ordered a halt to limestone …

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SAO PAULO (Reuters) -Brazilian airline Gol expects its exit of Chapter 11 bankruptcy proceedings to involve a $1.5 billion capital injection through the issuance of new shares and refinancing of $2 billion in debt, it said in a securities filing on Monday. Gol, one of Brazil’s largest carriers, filed for bankruptcy protection in the United …

Brazil’s Gol airline says bankruptcy exit to involve $1.5 billion capital injection Read More »

(Reuters) -Elon Musk’s AI startup xAI raised $6 billion in series B funding, reaching a post-money valuation of $24 billion as investors bet big on challengers to companies like OpenAI in the intensifying AI race. The funding round was backed by investors including Andreessen Horowitz and Sequoia Capital, the company said in a blog post …

Elon Musk’s xAI valued at $24 billion after fresh funding Read More »

By Hadeel Al Sayegh and Federico Maccioni DUBAI (Reuters) -Saudi Arabia is planning a multi-billion-dollar share sale in energy giant Aramco as soon as June in what would be one of the region’s biggest stock deals, two people familiar with the matter said. The offering could raise around $10 billion, one of the people said. …

Exclusive-Saudi Arabia plans Aramco share sale as soon as June, sources say Read More »

(Reuters) – U.S. businessman Elon Musk recently told investors that his artificial intelligence startup xAI is planning to build a supercomputer to power the next version of its AI chatbot Grok, The Information reported on Saturday citing a presentation to investors. Musk said he wants to get the proposed supercomputer running by the fall of …

Elon Musk plans xAI supercomputer, The Information reports Read More »

By Ismail Shakil OTTAWA (Reuters) – Canada ordered on Friday the dissolution of two technology companies’ businesses in the country, citing national security concerns. The companies, Bluvec Technologies Inc and Pegauni Technology Inc, were given the dissolution order and asked to cease all operations in the country under a law that governs foreign investments in …

Canada orders dissolution of two firms, citing national security concerns Read More »