Brazil’s consumer prices barely rose on the month in July, a Reuters poll of economists estimated, with an expected drop in food costs countered by a probable rise in gasoline bills after the reinstatement of a federal tax on fuels.
News that big developer Country Garden was not able to make $22 million in bond payments is an alarm call for China’s government that more private property companies are close to a tipping point if financial support doesn’t materialise soon.
Boards of S&P 500 companies made recruiting directors with financial expertise their top priority over the past year, slowing boardroom gains for minorities, according to a new report.
The Central Bank of Sri Lanka has cut the statutory reserve ratio for commercial banks by 200 basis points to 2%, effective Aug. 16, it said on Wednesday.
The rouble hit a more than 16-month low on Wednesday, hampered by strong foreign currency demand and limited supply, with Russia’s shrinking trade surplus and widening budget deficit also hurting sentiment.
Financial losses due to supply chain disruptions dropped over 50% on average in 2022, compared with a year earlier, but shortages and delivery delays remain challenges, according to a survey of companies being released on Thursday.
U.S. stock index futures edged higher on Wednesday following a risk-off session triggered by a Moody’s downgrade of some banks, with investors looking ahead to a key inflation report this week after mostly dovish comments from Federal Reserve officials.
Lyft’s shares tumbled more than 7% on Wednesday as investors feared the ride-hailing platform’s focus on competitive pricing to gain market share would muddy its path to profitability.
