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Mexico's FEMSA revenues climb 11% on Oxxo, Coca-Cola growth

Reuters |Updated 32 minutes ago |2 min read

MEXICO CITY (Reuters) - Mexico's FEMSA, which controls one of the largest Coca-Cola bottlers and a string of convenience store chains, posted an 11% increase in revenue in the first quarter, boosted by growth across nearly all its business ...

Pope Francis gestures from the Pope mobile, as he attends the weekly general audience, in St. Peter's Square at the Vatican, April 24, 2024.

Pope will attend G7 summit to discuss AI, Italy says

Reuters |Updated 2 minutes ago |1 min read

ROME (Reuters) - Pope Francis will attend this year's Group of Seven (G7) leaders' summit to discuss the challenges posed by Artificial Intelligence (AI), Italian Prime Minister Giorgia Meloni said on Friday. The meeting that draws together the ...

A salesman is seen at his vegetable stand at the supply centre (CEASA) in Brasilia, Brazil May 9, 2023.

Brazil's inflation slows to 0.21% in mid-April

Reuters |Updated 57 minutes ago |2 min read

SAO PAULO (Reuters) - Brazil's consumer prices rose slightly less than expected in the mid-April reading, data from statistics agency IBGE showed on Friday. Prices in Latin America's largest economy rose 0.21% in the month to mid-March, below the ...

Brazil's central bank Governor Roberto Campos Neto, speaks at the ReutersNEXT Newsmaker event in New York City, New York, U.S., November 9, 2023.

Brazil's central bank chief says no mechanical relationship between uncertainties and policy

Marcela Ayres |Updated 57 minutes ago |2 min read

By Marcela Ayres BRASILIA (Reuters) - Brazil's central bank chief said on Friday that the environment of greater uncertainties does not have a mechanical relationship with the conduct of monetary policy, emphasizing that U.S. interest rates are ...

A Renault logo is pictured in Brussels, Belgium March 4, 2024.

Renault talks to China's Li Auto and Xiaomi on tech collaboration

Reuters |Updated 1 hour ago |1 min read

PARIS (Reuters) - Renault held talks this week with China's Li Auto and Xiaomi on electric and intelligent vehicle technologies, the French carmaker said on Friday, opening the door to potential collaboration on technology with the two companies.

A trader works on the trading floor at the New York Stock Exchange (NYSE) in New York City, U.S., April 4, 2024.

US equity funds see 4th straight week of outflows amid rate cut reassessment

Reuters |Updated 1 hour ago |1 min read

(Reuters) - U.S. equity funds registered their fourth successive weekly outflows in the week ended April 24, hit by fading expectations for rate cuts this year. LSEG data showed a withdrawal of $1.2 billion from U.S. equity funds, though the ...

Alphabet logo is seen near computer motherboard in this illustration taken January 8, 2024.

Google parent Alphabet reclaims spot in $2 trillion valuation club

Reuters |Updated 1 hour ago |1 min read

(Reuters) - Alphabet breached the $2 trillion market value mark for the first time since November 2021 on Friday, as investors cheered the Google parent announcing its first-ever dividend and a $70 billion stock buyback. The stock was last ...

SaltWire

Charter Communications reports higher-than-expected broadband subscriber losses

Reuters |Updated 1 minutes ago |1 min read

(Reuters) - Charter Communications posted larger-than-expected broadband subscriber losses and missed estimates for first-quarter profit on Friday, sending its shares down 3.4% before the bell. The broadband market continues to see slowing growth ...

An eagle tops the U.S. Federal Reserve building's facade in Washington, July 31, 2013.

Fed seen on track for Sept start to US rate cuts

Reuters |Updated 9 minutes ago |2 min read

(Reuters) -U.S. Federal Reserve policymakers sifting through the latest inflation data will find little to fuel a sense of urgency to cut interest rates, but also nothing to rule out the likelihood of rate reductions starting later this year. That ...

A man waits for customers next to his makeshift tent around Times Square, in New York, U.S., December 25, 2023.

US inflation rises in line with expectations; consumer spending strong

Reuters |Updated 9 minutes ago |3 min read

By Lucia Mutikani WASHINGTON (Reuters) -U.S. monthly inflation rose moderately in March, but stubbornly higher housing and transportation costs suggested the Federal Reserve could keep interest rates elevated for a while. The report from the Commerce ...

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