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By Libby George LONDON (Reuters) – Brazil’s business and political leaders are on the road, pressing the case for investment in the Latin American oil producer as they seek to quell concerns over leftist President Luiz Inacio Lula da Silva’s high-priced spending wishlist. Rebounding commodity prices and a hawkish, independent central bank made Brazil an …

Brazil woos sceptical foreign investors with new fiscal plan Read More »

ZURICH (Reuters) -Switzerland’s UBS said on Monday it will retain Christian Bluhm as chief risk officer for the “foreseeable future” as it bolsters controls during the takeover of Credit Suisse. Chief Executive Sergio Ermotti is reshaping the ranks of UBS as it works on integrating Credit Suisse, the 167-year-old Swiss banking rival which it rescued …

UBS retains risk chief to bolster controls for Credit Suisse deal Read More »

(Reuters) -NBCUniversal Chief Executive Jeff Shell is leaving after acknowledging an inappropriate relationship with a woman in the company, following a complaint that prompted an investigation, parent company Comcast Corp said on Sunday. “I had an inappropriate relationship with a woman in the company, which I deeply regret,” Shell said in a statement. “I’m truly …

Jeff Shell out as NBCUniversal CEO after probe into inappropriate relationship Read More »

By Kanishka Singh WASHINGTON (Reuters) -Republican U.S. House of Representatives Speaker Kevin McCarthy said on Sunday the House would vote on his spending and debt bill this week, and invited President Joe Biden to discuss the debt ceiling with him. McCarthy floated a plan last week that would pair $4.5 trillion in spending cuts with …

US House to vote on Republican debt limit bill this week Read More »

By Catarina Demony LISBON (Reuters) – Brazil hopes the Mercosur trade deal with the European Union (EU) will be concluded this year, a government official said on Sunday, ending years of delay and opening the way to increased trade between the two regions. The EU and the Mercosur bloc of Argentina, Brazil, Paraguay and Uruguay …

Brazil hopes for conclusion to EU-Mercosur trade deal this year Read More »

By John Shiffman and Leah Douglas ATLANTA (Reuters) – As economists and investors scour data on inflation, jobs, housing, banking and other bellwether indicators to determine whether the United States is headed for a recession, a visit to the nation’s largest food-bank warehouse offers some ominous clues. More than half of the shelves at the …

Return to pandemic hunger levels could signal economic fragility Read More »

By Ismail Shakil OTTAWA (Reuters) – A union representing some 155,000 striking Canadian public workers called on Saturday for Prime Minister Justin Trudeau to speed up negotiations over a deal for higher wages and work-from-home guarantees. A wide range of public services from tax returns to passport renewals have been affected since Wednesday, when about …

Canada’s striking federal workers call on Trudeau to speed up contract talks Read More »

By Tim McLaughlin (Reuters) – Hatfield’s Ferry Power Station, a Pennsylvania coal-fired power plant, stopped producing electricity in 2013. Its closure came in a wave of coal-plant shutdowns triggered by competition from cheaper, cleaner natural gas and incentives in the U.S. Clean Air Act. But the facility’s legacy of smog pollution continued long after it …

How the U.S. Clean Air Act lets closed coal plants keep polluting for years Read More »

(Reuters) -Swiss lender Zuercher Kantonalbank, known locally as ZKB, has held takeover talks with GAM Holding AG, the Financial Times reported on Saturday, citing people familiar with the matter. ZKB is one of several companies considering a purchase of Zurich-headquartered asset manager GAM, the newspaper said. London-listed Liontrust Asset Management said earlier this week it …

Swiss lender ZKB held takeover talks with GAM Holding – FT Read More »