PANAMA CITY (Reuters) -First Quantum Minerals said on Thursday it would suspend public tours of its shuttered copper mine in Panama after the country’s president said the Canadian miner should not give the impression that the site is operational. In a regular press conference earlier on Thursday, President Jose Raul Mulino said there had been …
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By Luciana Magalhaes SAO PAULO (Reuters) -Global Eggs, a company controlled by Brazilian entrepreneur Ricardo Faria, has agreed to buy U.S. egg producer Hillandale Farms for $1.1 billion, Faria told Reuters on Thursday. Global Eggs is based in Luxembourg and also operates Granja Faria in Brazil. Faria said the deal is unrelated to tight U.S. …
Global Eggs agrees to buy Hillandale Farms for $1.1 billion Read More »
LAUSANNE (Reuters) – Intercontinental Exchange plans to launch derivatives in battery metals cobalt and lithium spodumene in London later this year, an executive said on Tuesday. “Our customer base is looking to us to provide products to hedge. Our role is to make sure there’s a broad product suite,” Chris Rhodes, president of ICE Futures …
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SAO PAULO (Reuters) – Sugar cane crushing in Brazil’s center-south region during the first half of March fell almost 18% to 1.83 million metric tons versus the year-earlier period, industry group Unica said in a report published on Thursday. Sugar production in the region during the same period was down 19% to 52,000 tons, Unica …
Brazil center-south sugar crushing down around 18% in first half of March -Unica Read More »
BRASILIA (Reuters) -Brazil’s central government recorded a slightly wider-than-expected primary budget deficit in February, Treasury data showed on Thursday, although the result improved sharply from a year earlier, mainly due to lower expenditures. Latin America’s largest economy posted a deficit, excluding interest payments, of 31.673 billion reais ($5.52 billion) for the month, while economists polled …
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SAO PAULO (Reuters) – Brazil’s 12-month inflation rate accelerated slightly less than expected in early March but still hit its highest level in two years, official data showed on Thursday, as the Brazilian central bank continues to tighten monetary policy. Annual inflation in Latin America’s largest economy was 5.26% in the period, statistics agency IBGE …
Brazil’s annual inflation hits two-year high as rate hikes continue Read More »
BRASILIA (Reuters) – Brazil’s central bank raised its inflation projections on Thursday for the long-term despite anticipating weaker economic activity this year, and said that this scenario makes reaching its 3% target challenging. After forecasting inflation at 5.1% for 2025 last week when it lifted interest rates by 100 basis points and signaled a smaller …
BOAO, China (Reuters) – China’s overall level of debt has topped 300% of GDP and is likely to climb further, but the central bank will continue to ease policy when needed, Xuan Changneng, deputy governor of the People’s Bank of China, said on Thursday. “China’s stance on implementing an appropriately loose monetary policy is clear, …
China’s central bank says debt level rising, easing on track Read More »
FRANKFURT (Reuters) – European Central Bank supervisors watch banks’ liquidity “very closely” and continue to work well with their Federal Reserve colleagues, the ECB’s chief regulator Claudia Buch said on Thursday when asked about worries concerning the Fed’s commitment to providing U.S. dollar funding. “We continue to cooperate well with our U.S. colleagues and generally …
ECB says it watches bank liquidity closely, works well with Fed Read More »
OSLO (Reuters) – Norway’s central bank kept interest rates on hold at a 17-year high of 4.50% on Thursday, in line with most forecasts, as an unexpected resurgence of inflation led policymakers to postpone their previously stated plan for a cut. Norges Bank had said in January its policy rate would “likely be reduced” in …
Norway central bank keeps rate on hold in policy reversal Read More »
