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MEXICO CITY (Reuters) – Mexico’s annual headline inflation is forecast to have eased in the first half of November but to have stayed well above official targets, a Reuters poll showed Tuesday, leaving the door open to further interest rate hikes by the country’s central bank. The median forecast of 16 analysts sees annual headline …

Mexico headline inflation seen easing in early November, core inflation up: Reuters Poll Read More »

(Reuters) -Global vaccine alliance Gavi on Tuesday rejected Novavax’s claim that the group had breached an advance purchase agreement to procure 350 million doses of the company’s COVID-19 vaccine. Novavax said on Monday that it had issued a notice to Gavi for terminating the agreement with immediate effect, citing the alliance’s failure to procure the …

Gavi rejects Novavax’s claim on COVID vaccine deal breach Read More »

PARIS (Reuters) -Societe Generale, France’s third-biggest listed bank, and U.S. investment management company Alliance Bernstein plan to form a joint venture focusing on global cash equities and equity research, they said on Tuesday. The venture with Alliance Bernstein comes as SocGen aims to keep up with bigger and more profitable competitors such as BNP Paribas …

SocGen and Alliance Bernstein to launch global equities venture Read More »

MOSCOW (Reuters) – The Russian rouble hovered around 61 to the dollar after touching its lowest in nearly two weeks early on Tuesday, with pressure from oil market jitters countered by rouble buying to cover month-end tax payments. At 0714 GMT the rouble was down 0.1% against the dollar at 60.90, having slid to 61.1950 …

Rouble pares early losses to hover around 61 to the dollar Read More »

By Blake Brittain WASHINGTON (Reuters) – The U.S. Supreme Court on Monday decided to referee a dog fight, agreeing to hear a bid by liquor brand Jack Daniel’s to stop a company that sells dog toys from using designs that parody its trademarked Old No. 7 Black Label Tennessee Whiskey bottle. The justices took up …

U.S. Supreme Court takes up Jack Daniel’s dog toy trademark rumpus Read More »

BOGOTA (Reuters) – Shares in Nutresa, Colombia’s largest food producer, closed 28.6% lower on Monday following a failed public offer for a large portion of shares in the company. Nutresa shares closed at 38,990 pesos in comparison to a close of 54,600 per share on Friday. An offer for Nutresa shares by Abu Dhabi’s International …

Colombia’s Nutresa shares down more than 28% after failed public offer Read More »

By David Shepardson (Reuters) – The U.S. Federal Aviation Administration (FAA) on Monday proposed new rules that would help pave the way for commercial air taxi operations by around the middle of the decade. Electric vertical takeoff and landing aircraft (eVTOL) have been touted as flying taxis that could be the future of urban air …

U.S. proposes rules to advance flying taxi operations Read More »

(Reuters) – The U.S. Senate Agriculture Committee on Thursday said it will hold a hearing on Dec. 1 to examine the sudden collapse of FTX, one of the world’s biggest crypto exchanges. FTX filed for bankruptcy on Nov. 11, leaving an estimated 1 million customers and other investors facing billions of dollars in total losses. …

U.S. Senate to hold FTX hearing on Dec. 1, CFTC chairman to testify Read More »

(Reuters) -Zoom Video Communications Inc on Monday raised its annual profit forecast, betting on resilient demand for its video-conferencing service as more businesses transform to a hybrid work model. Shares of the San Jose, California-based company rose nearly 3% in trading after the bell. After recording blistering growth during the pandemic, Zoom has continued to …

Zoom raises annual profit forecast on demand for video-conferencing services Read More »

(Reuters) – Dell Technologies Inc posted a 68% rise in quarterly operating profit on Monday, as strong demand for servers and network equipment cushioned weak PC sales and easing supply-chain pressures helped rein in costs. Revenue in the company’s infrastructure solutions group, which includes servers, storage devices and networking hardware, rose 12% in the third …

Dell quarterly profit jumps on higher server demand, lower costs Read More »