(Reuters) -International Flavors & Fragrances is working with an adviser to explore a potential sale of its pharma solutions business, Bloomberg News reported on Monday, citing people familiar with the matter. The unit could fetch about $3.5 billion in sale, according to the report. The pharma business was expected to garner interest from IFF’s peers …
CARACAS (Reuters) – The Venezuela Creditors Committee said on Monday it is confident an orderly debt restructuring can occur, following an electoral agreement reached between the government and the opposition that led the United States to ease some sanctions in the oil sector. The Biden administration last week eased sanctions on Venezuela’s oil and financial …
Venezuelan creditors say gov’t-opposition deal helpful for debt restructuring Read More »
MEXICO CITY (Reuters) – Mexico’s inflation likely eased in the first half of October, but still stuck above the central bank’s target, a Reuters poll showed on Monday, supporting bets the bank will maintain the benchmark lending rate at current levels for a prolonged time. A median forecast of 10 analysts predicts an annual headline …
Mexico inflation likely ticked down in first half of October: Reuters poll Read More »
By David Randall NEW YORK (Reuters) – Investors looking toward U.S. corporate earnings growth to revive the rally in the benchmark S&P 500 may be disappointed as inflation remains volatile, strategists at the BlackRock Investment Institute warned in a note Monday. The S&P 500 is down nearly 8% from its July highs as a selloff …
BlackRock warns of US earnings stagnation, remains bullish on AI, Japan Read More »
(Reuters) -Asset manager P10 on Monday named Goldman Sachs veteran Luke Sarsfield as its chief executive officer(CEO), with the appointment effective immediately. Sarsfield worked with Goldman Sachs for over 23 years and was named the global co-head of its asset management business, which managed about $2.5 trillion in assets under his leadership, P10 said in …
Asset manager P10 names Goldman Sachs veteran Luke Sarsfield as CEO Read More »
LONDON (Reuters) – The yield on the benchmark 10-year U.S. Treasury note rose above 5.0% on Monday, hitting the July 2007 milestone that it briefly attempted to scale last week. The run-up in yields on the 10-year Treasury bond, seen as a safe-haven in times of economic uncertainty and a benchmark for borrowing costs around …
LONDON (Reuters) – A stronger-than-expected showing by Argentina’s ruling Peronist coalition at a general election on Sunday has set the stage for a run-off vote on Nov. 19 between Economy Minister Sergio Massa and far-right radical Javier Milei. Below are reactions from analysts to the results: SERGIO ARMELLA, GOLDMAN SACHS, NEW YORK “Investors’ attention will …
Argentina vote headed for runoff between ruling Peronist and radical Milei Read More »
(Reuters) -Escalating tension in the Middle East and surging U.S. bond yields set financial markets up for more turbulence, exacerbated by high oil prices and China’s property pain. The European Central Bank looks set to sit tight after a string of interest rate hikes, while there is a slew of U.S. earnings and Argentina’s presidential …
PARIS (Reuters) – France will struggle to bring down its budget deficit to 2.7% by 2027 without “a little more effort,” the chief economist at the International Monetary Fund said on Saturday. Reforms that the government has put in place such as on pensions and unemployment “will bear fruit and help (…) with the budgetary …
France will struggle to meet deficit target, says IMF chief economist Read More »
LIMA (Reuters) – There is “no doubt” Peru is in a recession, Economy Minister Alex Contreras said on Friday, his first acknowledgment of the country’s negative growth, before speaking before congress to request a fiscal stimulus. Contreras had previously downplayed months of economic contraction, but told journalists outside congress on Friday that the “difficult” situation …
‘No doubt’ Peru in recession, econ minister says, seeking stimulus Read More »
