Business
Mexico's FEMSA revenues climb 11% on Oxxo, Coca-Cola growth
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 will attend G7 summit to discuss AI, Italy says
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 ...
Brazil's inflation slows to 0.21% in mid-April
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 chief says no mechanical relationship between uncertainties and policy
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 ...
Renault talks to China's Li Auto and Xiaomi on tech collaboration
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.
US equity funds see 4th straight week of outflows amid rate cut reassessment
(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 ...
Google parent Alphabet reclaims spot in $2 trillion valuation club
(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 ...
Charter Communications reports higher-than-expected broadband subscriber losses
(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 ...
Fed seen on track for Sept start to US rate cuts
(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 ...
US inflation rises in line with expectations; consumer spending strong
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 ...