Business
Is Canadian inflation on a sustainable path to 2%? Essentials offer clues
By Fergal Smith TORONTO (Reuters) – As Canadian inflation slows, the cost of essentials, such as food and rent, offers pointers as…
Business
Brazil’s BTG Pactual appeals decision protecting billionaire-backed Americanas from creditors
By Tatiana Bautzer SAO PAULO (Reuters) – Brazilian bank Banco BTG Pactual SA has appealed a court injunction that protected billionaire-backed retailer…
Business
Peru’s economy grows 1.68% year-on-year in November
LIMA (Reuters) – Peru’s economy expanded 1.68% in November compared with the same month a year before, the national statistics institute (INEI)…
Business
Saudi inflation edges up to 3.3% in December
DUBAI (Reuters) – Saudi Arabia’s annual inflation rate ticked up to 3.3% in December from 2.9% in November, government data showed on…
Business
Twitter’s laid-off workers cannot pursue claims via class-action lawsuit-judge
(Reuters) -Twitter Inc has secured a ruling allowing the social media company to force several laid-off workers suing over their termination to…
Business
Credit Suisse set to cut 10% of European investment bankers -FT
(Reuters) – Swiss lender Credit Suisse is looking to cut more than 10% of its staff of European investment bankers this year,…
Business
Schroders gets nod to set up China fund unit as Beijing speeds up approvals
SHANGHAI (Reuters) – Schroders has obtained Chinese regulatory approval to set up a wholly-owned mutual fund unit in China, as Beijing accelerates…
Business
Tough road ahead for U.S. fintech lenders as default risk rises
By Matt Tracy (Reuters) – U.S. fintech companies that lend to consumers with impaired credit scores face a tough year as rising…
Business
Bitcoin rises 5.5% to $19,897
(Reuters) – Bitcoin rose 5.54% to $19,897 at 22:13 GMT on Friday, adding $1,044 to its previous close. Bitcoin, the world’s biggest…
Business
Tesla turns up heat on rivals with global price cuts
By Hyunjoo Jin, Victoria Waldersee and Zoey Zhang (Reuters) -Tesla Inc has slashed prices globally on its electric vehicles by as much…