Reuters USA

By Ceyda Caglayan and Can Sezer ISTANBUL (Reuters) – Turkey’s unusual request that its retailers partially freeze prices ahead of elections has prompted some supermarkets and industry groups to warn they could only do so for a short period. Finance Minister Nureddin Nebati asked clothing and shoe stores to launch their discount season well ahead …

Turkey presses strained retailers for price freezes ahead of elections Read More »

By Gabriel Araujo SAO PAULO (Reuters) -Brazil’s Americanas SA said on Thursday it is considering filing for bankruptcy, a move market participants see as imminent after the retailer uncovered nearly $4 billion in accounting inconsistencies last week. Shares in the company plunged more than 27% in morning trading to 1.46 real after the news, extending …

Brazil’s Americanas mulls filing for bankruptcy, shares tank as markets see move as imminent Read More »

(Reuters) -Tide detergent maker Procter & Gamble Co raised its full-year sales forecast on Thursday and said it plans to continue raising prices despite a drop in sales volumes, warning that high commodity costs were pressuring profits. P&G’s sales volumes fell 6% in its second quarter ended Dec. 31, led by declines in the company’s …

P&G raises sales forecast on price hikes, sees volumes fall Read More »

By Elisa Anzolin and Federico Maccioni MILAN (Reuters) -Italy’s EuroGroup Laminations, a maker of electric motor components, said on Thursday it planned to launch a new share offering in Milan as early as next month, as the market for public listings thaws after a tough 2022. Market volatility fuelled by Russia’s invasion of Ukraine and …

EuroGroup Laminations aims to rekindle Milan IPO market Read More »

(Reuters) – WeWork Inc said on Thursday it plans to cut about 300 roles across countries to cut costs as high inflation weighs on office workspace spending. The New York-based company, which offers workstations, private offices and customized floors, had enjoyed a pandemic-driven shift to flexible work outside traditional offices. But with companies cutting their …

WeWork to cut about 300 jobs globally Read More »

(Reuters) – JPMorgan Chase & Co Chief Executive Officer Jamie Dimon expects interest rates to go beyond 5% as inflation remains high, he said in an interview with CNBC on Thursday. “I actually think rates are probably going to go higher than 5% … there’s a lot of underlying inflation, which won’t go away so …

JPMorgan CEO Dimon sees interest rates going beyond 5% – CNBC Read More »

By Helen Coster and Jack Queen (Reuters) – Fox Corp Chairman Rupert Murdoch is expected to be questioned under oath on Thursday and Friday in a defamation lawsuit over his network’s coverage of unfounded vote-rigging claims during the 2020 U.S. presidential election. Election technology company Dominion Voting Systems says Fox News Network amplified false claims …

Fox chief Rupert Murdoch to be deposed in $1.6 billion Dominion defamation case Read More »

A look at the day ahead in U.S. and global markets from Mike Dolan. World markets have been spooked by the prospect the U.S. may be heading for recession after all but the Federal Reserve may not ride to the rescue – at least not as fast as many assume. Further signs of sharp disinflation …

Marketmind: No safety net? Read More »

By Joseph Ax (Reuters) – With the 2022 U.S. midterms over, this year will feature some elections that take the measure of the public mood on major issues – and former President Donald Trump’s influence – ahead of the 2024 presidential campaign. Here are some races to watch: GOVERNORS Perhaps the highest-profile election this year …

Factbox-U.S. elections: What to watch in 2023 Read More »