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MEXICO CITY (Reuters) -Mexico’s central bank on Thursday raised its benchmark interest rate as expected by 50 basis points to 6.00%, a sixth straight rate increase, as policymakers sought to keep price pressures in check with inflation running high. Four of the Bank of Mexico’s board, including new governor Victoria Rodriguez, voted for the half …

Mexico central bank hikes key rate, still hawkish under new leadership Read More »

WASHINGTON (Reuters) – Toyota Motor Corp said on Thursday it is suspending production through Saturday at its plants in Ontario and Kentucky due to supply issues stemming from trucking protests. The largest Japanese automaker said it is “experiencing multiple dropped logistics routes across the supply base, so it’s not isolated to only one or two …

Toyota halts production at Kentucky, Ontario plants after COVID protests Read More »

By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer prices rose solidly in January, leading to the biggest annual increase in inflation in 40 years, fueling financial markets speculation for a 50 basis points interest rate hike from the Federal Reserve next month. The broad increase in prices reported by the Labor Department on Thursday was …

U.S. consumer prices post largest annual gain in 40 years; weekly jobless claims fall Read More »

By Jonnelle Marte (Reuters) -U.S. mortgage rates increased to a two-year high last week and could keep rising, a trend which may further squeeze first-time buyers struggling to overcome higher home prices and limited housing supply. Rates for a 30-year fixed-rate mortgage averaged 3.69% for the week ending Feb. 10, up from 3.55% the previous …

U.S. mortgage rates jump to two-year high, further squeezing buyers Read More »

By Katanga Johnson WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission on Thursday proposed changing the rules of its whistleblower program to make it easier for tipsters to claim bounties. The changes, which are subject to public consultation, would scrap a Trump-era rule that had afforded the agency greater discretion to determine the size …

U.S. SEC proposes changes to whistleblower program to capture more tipsters Read More »

By Tina Bellon and Nivedita Balu (Reuters) -Uber Technologies Inc laid out a $5 billion operating profit for 2024 that fell short of analyst estimates, sending its shares down 4% on Thursday, even as the ride-hailing company revealed several strategies to boost ridership and bring down costs. The forecast is below the $5.7 billion analysts …

Uber 2024 profit forecast falls short of expectations, shares drop Read More »

By Ann Saphir (Reuters) -St. Louis Federal Reserve President James Bullard said on Thursday that he has become “dramatically” more hawkish in light of the hottest inflation reading in nearly 40 years, and he now wants a full percentage point of interest rate hikes over the next three U.S. central bank policy meetings. Within minutes, …

Fed’s Bullard calls for big hike in interest rates to fight inflation Read More »

By David Shepardson WASHINGTON (Reuters) -Electric car maker Tesla Inc is recalling 578,607 vehicles in the United States because pedestrians may not be able to hear a required warning sound of an approaching car due to loud music or other sounds played by its “Boombox” feature, a U.S. regulator said on Thursday. Tesla has issued …

Tesla recalls over 500,000 U.S. vehicles to fix pedestrian warning sounds Read More »

By Huw Jones LONDON (Reuters) – Euronext’s integration of Borsa Italiana is reaping savings faster than expected for potential acquisitions, though no “actionable” target has been identified, the pan-European exchange’s CEO Stephane Boujnah said on Thursday. Euronext acquired the Milan exchange last year, the latest in a string of bourse acquisitions which has made it …

Faster than expected savings increase takeover opportunities, says Euronext Read More »