SAO PAULO (Reuters) -Brazilian state-run oil firm Petrobras said on Wednesday that chairman Pietro Mendes has resigned from the role, as well as from his seat on the board of directors. Mendes is set to become a director at Brazil’s oil and gas regulator ANP, after the Senate approved his nomination earlier this week. In …
Petrobras chairman resigns to take position at Brazil’s oil regulator Read More »
(Reuters) -Dollar General on Wednesday named former employee Donny Lau as its new chief financial officer, effective October 20, replacing Kelly Dilts. Lau was with the dollar chain for about six years and was the senior vice president of finance and strategy when he left in July 2023. Previously, he also held roles in financial …
Dollar General recalls Donny Lau to join as finance chief Read More »
(Reuters) -Sports betting firm FanDuel has tied up with derivatives exchange CME Group to set its foot into the rapidly growing event contracts market, the companies announced on Wednesday. Event contracts allow investors to bet on the likelihood of specific events, ranging from sports and entertainment to politics and the economy. The nascent asset class …
FanDuel teams up with exchange operator CME for event contracts push Read More »
WASHINGTON (Reuters) -U.S. President Donald Trump has bought more than $100 million in company, state and municipal bonds since taking office in January, according to new disclosures which shed further light on the vast holdings of America’s billionaire president. The forms, posted online on Tuesday, show the Republican former real estate mogul made more than …
Trump buys more than $100 million in bonds since inauguration, disclosure shows Read More »
By Jason Lange and Alexandra Alper WASHINGTON (Reuters) -Americans are deeply concerned over the prospect that advances in artificial intelligence could put swaths of the country out of work permanently, according to a new Reuters/Ipsos poll. The six-day poll, which concluded on Monday, showed 71% of respondents said they were concerned that AI will be …
Americans fear AI permanently displacing workers, Reuters/Ipsos poll finds Read More »
By Dan Burns and David Lawder WASHINGTON (Reuters) -The two Federal Reserve policymakers who dissented against the U.S. central bank decision’s to leave interest rates unchanged last month appear not to have been joined by other policymakers in voicing support for lowering rates at that meeting, a readout of the gathering released on Wednesday showed. …
Fed dissenters appeared alone in favoring rate cut at July meeting, minutes show Read More »
By Daina Beth Solomon SANTIAGO (Reuters) -Chilean lithium producer SQM expects prices and sales volumes to rise in the third quarter, executives said on Wednesday, after the miner missed estimates for second-quarter net profit. The world’s second-largest lithium producer reported a 59% decline in quarterly profit, with lithium prices down around a third year-on-year. Net …
Chile’s SQM expects lithium price boost in third quarter Read More »
NEW YORK (Reuters) -Tech stocks led declines on Wall Street, with worries about AI spurring debates about its future. The Nasdaq Composite dropped 2.2% over the last two days, the worst two-day fall since August 1st. The semiconductor index was down 1.4% , while the information technology sector was the second biggest decliner in the …
Nasdaq drops for 2nd day as AI jitters rattle tech investors Read More »
By Neil J Kanatt (Reuters) -TJX Cos raised its annual profit forecast on Wednesday, betting on resilient demand for apparel and home furnishing at its off-price retail stores, sending its shares about 6% higher. The company also beat estimates for second-quarter sales and profit as budget-conscious shoppers flocked to discount stores to sidestep uncertainties around …
TJX raises annual profit forecast on strong demand for off-price goods Read More »
MEXICO CITY (Reuters) -Mexico’s headline inflation likely rebounded in the first half of August underpinning prospects that the central bank would cut its key interest rate again, even though the rate remained within the official target, a Reuters poll showed on Wednesday. The median forecast from 14 participants saw the annual headline inflation rate reaching 3.66%, up …
Mexico’s inflation seen picking up in first half of August: Reuters poll Read More »
