SAO PAULO (Reuters) – Nu Holdings, which runs Brazilian digital lender Nubank, tapped former Brazilian central bank chief Roberto Campos Neto to join its management team as vice-chairman, the firm said in a securities filing on Tuesday. Campos Neto was also offered the position of global head of public policy, as well as a board …
Nubank taps former Brazil central bank chief Campos Neto to management team Read More »
(Reuters) -Fertilizer producer Mosaic beat Wall Street expectations for first-quarter profit on Tuesday, driven by strength in its South America business. Shares of the company rose more than 2% after the bell. The results come as the agrichemical industry braces for the potential fallout from U.S. President Donald Trump’s sweeping tariffs on most imports. However, …
Mosaic beats first-quarter profit estimates on South America business strength Read More »
(Reuters) – WW International, formerly known as WeightWatchers, said it plans to file for Chapter 11 bankruptcy protection on Tuesday, as the surging popularity of obesity drugs such as Ozempic and Wegovy eroded demanded for its traditional weight-loss programs. (Reporting by Siddhi Mahatole and Christy Santhosh in Bengaluru; Editing by Sriraj Kalluvila and Leroy Leo)
By Shankar Ramakrishnan (Reuters) -Debt restructuring by financially stressed U.S. companies rose nearly 60% in April, data from JPMorgan showed on Tuesday, as businesses faced pressure from rising tariffs, inflation and capital markets volatility. These operations are called distressed exchanges or liability management exercises and occur when companies in distress renegotiate or restructure their debt …
Stressed US companies restructured more debt in April Read More »
SAO PAULO (Reuters) -The spending limit established by Brazil’s fiscal framework should be raised from 2027 to incorporate the excess of court-ordered payments, Treasury Secretary Rogerio Ceron said on Tuesday. Ceron said that there was still no government decision on the matter, but that an eventual expansion should be limited to the amount necessary for …
Brazil’s treasury secretary suggests raising spending limit in 2027 Read More »
By Michael S. Derby NEW YORK (Reuters) -Supply chain pressures eased last month even as economies around the world rushed to position for the impact of massive and shifting trade tariffs by the Trump administration, the New York Federal Reserve reported on Tuesday. The regional Fed bank said its global supply chain pressure index stood …
New York Fed finds easing supply chain pressures in April Read More »
By Rodrigo Campos NEW YORK (Reuters) – Global debt rose by around $7.5 trillion in the first three months of the year to hit a record high of over $324 trillion, data from a banking trade group showed on Tuesday. The Institute of International Finance said China, France, and Germany were the largest contributors to …
Global debt hits record of over $324 trillion, banking trade group says Read More »
TORONTO -Canadian economic activity contracted in April as employment declined for a second straight month, Ivey Purchasing Managers Index (PMI) data showed on Tuesday. The seasonally adjusted index fell to 47.9 last month from 51.3 in March, posting its lowest level since January. The Ivey PMI measures the month to month variation in economic activity …
Canada’s Ivey PMI shows activity contracting in April Read More »
(Reuters) -Global freight forwarder Expeditors International of Washington reported first-quarter earnings above Wall Street estimates on Tuesday, driven by companies pulling forward goods in anticipation of price hikes from President Donald Trump’s tariffs. “While we often have performed well when the marketplace is most unpredictable, I am not sure any of us have ever seen …
Expeditors beats first quarter profit estimates on tariff-fueled shipping demand Read More »
By Promit Mukherjee OTTAWA (Reuters) -Canada’s trade deficit narrowed to C$506 million ($366.34 million) in March, beating expectations as imports fell at a faster rate than the drop in exports, data showed on Tuesday. Imports of goods dropped 1.5% in March, driven by a 2.9% slump in shipments from the United States after Canada imposed …
Canada’s trade deficit narrows in March, US exports fall Read More »
