By Stephen Culp NEW YORK (Reuters) -U.S. stocks pulled a late-session rebound on Wednesday and oil prices logged their biggest monthly drop in 3-1/2 years as investors parsed news of the first U.S. economic contraction since 2022. All three major U.S. stock indexes recovered from a sharp selloff earlier in the day, with the S&P …
S&P 500, Dow reverse to end higher despite GDP decline, crude prices sink Read More »
By Aida Pelaez-Fernandez MEXICO CITY (Reuters) -Shares in Becle, the world’s largest tequila producer, rose 3% on Wednesday, after it reported a 15% increase in first-quarter profits from a year ago, exceeding market expectations, and promised payouts for shareholders. In addition to the Jose Cuervo family tequilas, the company produces other spirits, including mezcal, whiskey, …
Mexican tequila maker Becle rises as results buoyed by weak peso Read More »
MOSCOW (Reuters) -Russia’s gross domestic product (GDP) grew by 1.4% in March year-on-year after expanding by 0.7% in February, the economy ministry said on Wednesday. For the first quarter this year, GDP grew by 1.7% in year-on-year terms compared to growth of 5.4% in January-March 2024, the ministry said. Economists in a Reuters poll said …
Russian GDP up 1.4% in March, economy ministry says Read More »
By Anandita Mehrotra (Reuters) -Stanley Black & Decker cut its annual profit forecast on Wednesday, citing margin pressures and rising costs linked to U.S. President Donald Trump’s broad tariffs, sending its shares down 3.4%. Trump’s tariffs on metals such as aluminum and steel, paired with levies on countries including China, have threatened to disrupt an …
Stanley Black & Decker cuts 2025 profit forecast as tariffs hit margins Read More »
By Promit Mukherjee OTTAWA (Reuters) -Canada’s gross domestic product contracted by 0.2% in February on a monthly basis for the first time since November as activities across mining, oil and gas and construction sectors shrunk, data showed on Wednesday. While a part of the decline was due to bad weather conditions and snowstorms across provinces …
Canada’s GDP contracts by 0.2% in February, slight growth likely in March Read More »
(Reuters) -Mexico’s economy performed better than expected in the first quarter of the year, preliminary data released by national statistics agency INEGI showed on Wednesday, although analysts continue to warn of a difficult path ahead. Latin America’s second-largest economy grew 0.2% in the first quarter from the final three months of 2024, INEGI said. That …
Mexico avoids technical recession but economists see tough path ahead Read More »
BRASILIA (Reuters) -Brazil’s Labor Minister Luiz Marinho said on Wednesday that formal job creation in March was weaker than in the same month of previous years, providing a glimpse of official data set to be released later in the day by the government. Marinho told state media that hiring was affected by a lower number …
Brazil’s labor minister says March job creation slowed from previous years Read More »
By Tom Sims FRANKFURT (Reuters) – Germany is loosening a regulatory measure designed to soften the blow of a property crisis, a sign that officials are somewhat less worried about fallout from the nation’s troubled real-estate industry. BaFin, the German financial regulator, said on Wednesday that it would trim to 1% from 2% the amount …
Germany loosens property crisis regulation as risks recede Read More »
By Maria Martinez BERLIN (Reuters) – German inflation fell in April, data showed on Wednesday, bolstering the case for policymakers seeking further interest rate cuts at the European Central Bank. Inflation eased further in April to a slightly higher-than-forecast 2.2%, according to preliminary data from the federal statistics office. Analysts polled by Reuters had projected …
German inflation eases further, strengthening case for ECB cuts Read More »
(Reuters) – Construction supplies company Vulcan Materials on Wednesday beat Wall Street estimates for first-quarter profit, helped by price hikes on supplies such as sand, gravel and crushed stone. These supplies are part of Vulcan’s construction aggregates business, its largest. The segment’s gross profit rose 18% in the quarter, while margins expanded 320 basis points …
