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Skydance expects to more than double its revenue in coming years, WSJ reports

(Reuters) - Skydance Media, which is in exclusive merger talks with Paramount Global, expects to more than double its revenue and triple its adjusted earnings in the coming years, the Wall Street Journal reported on Friday. Skydance expects to ...

Updated 2 hours ago |1 min read

BOJ's Ueda says 'very likely' to hike rates if inflation keeps rising

Updated 1 hour ago |2 min read

Bank of Japan Governor Kazuo Ueda speaks during a press conference after attending the G20 Finance Ministers and Central Bank Governors meeting in Sao Paulo, Brazil, February 29, 2024.

Brazil's Embraer delivers 25 jets in Q1; backlog hits 7-year high

Updated 4 hours ago |1 min read

Honda to invest $808 million in Brazil by 2030

Updated 3 hours ago |1 min read

Nike to lay off 740 employees at Oregon headquarters

Updated 5 hours ago |1 min read

Bank of Mexico deputy governor sees rates on hold for longer than expected

Updated 5 hours ago |3 min read

Flags fly over the Federal Reserve building on a windy day in Washington, U.S., May 26, 2017.

Fed survey cites inflation, US election as key financial stability risks

Howard Schneider, Pete Schroeder |Updated 3 hours ago |3 min read

By Howard Schneider and Pete Schroeder WASHINGTON (Reuters) -Persistent inflation and higher-for-longer interest rates were cited as key risks to financial stability in the Federal Reserve's latest survey of U.S. central bank contacts, with ...

Four thousand U.S. dollars are counted out by a banker counting currency at a bank in Westminster, Colorado November 3, 2009.

Fed says 1,804 banks and other institutions tapped emergency lending facility

Reuters |Updated 5 hours ago |1 min read

(Reuters) - Some 1,804 depository institutions tapped the emergency lending facility set up last March in the wake of Silicon Valley Bank's collapse, amounting to about 20% of all eligible firms, the Federal Reserve said on Friday. About 95% of ...

A Lululemon store in the CF Toronto Eaton Centre shopping mall in Toronto, Ontario, Canada December 13, 2021.

Lululemon to shutter Washington distribution center, lay off 128 employees

Reuters |Updated 4 hours ago |2 min read

(Reuters) -Lululemon Athletica will close its distribution center in the state of Washington at the end of the year and lay off more than 100 employees, the apparel retailer told Reuters on Friday. The Vancouver-based firm will shutter the Sumner ...

A view of Cobre Panama mine of Canadian First Quantum Minerals, one of the world's largest open-pit copper mines, during a media tour, in Donoso, Panama, January 11, 2024.

Governments must broker local support for mines, industry group says

Ernest Scheyder |Updated 6 hours ago |3 min read

(This April 17 story has been officially corrected after the industry trade group clarifies to say it believes industry has a role to play in the government's FPIC review process, in paragraph 9) By Ernest Scheyder SANTIAGO (Reuters) - The ...

IMF Managing Director Kristalina Georgieva speaks during a press briefing at the International Monetary and Financial Committee (IMFC) plenary session at the IMF and World Bank’s 2024 annual Spring Meetings in Washington, U.S., April 19, 2024.

IMF concerned about debt, fiscal challenges facing low-income countries

Andrea Shalal, David Lawder |Updated 1 hour ago |3 min read

By Andrea Shalal and David Lawder WASHINGTON (Reuters) -Shareholders of the International Monetary Fund agreed this week on the importance of addressing challenges faced by low-income countries, many of which are facing unsustainable debt burdens, ...

European Central Bank (ECB) president Christine Lagarde speaks during a press conference following the Governing Council's monetary policy meeting, in Frankfurt, Germany April 11, 2024.

ECB's Lagarde says inflation more likely to ease but risks both ways

Reuters |Updated 6 hours ago |1 min read

FRANKFURT (Reuters) - Euro zone inflation is likely to decline further and the European Central Bank may cut interest rates if its long-standing price growth criteria are met, ECB President Christine Lagarde said on Friday. "At the same time, the ...

Bottles of Pepsi are pictured at a grocery store in Pasadena, California, U.S., July 11, 2017.

Tesla Semi trucks in short supply for PepsiCo as its rivals use competing EV big rigs

Jessica DiNapoli |Updated 6 hours ago |5 min read

By Jessica DiNapoli NEW YORK (Reuters) - Key Tesla customer PepsiCo made initial payments for 100 Tesla Semis in 2017, intending to use the electric-truck fleet to haul its Cheetos, Lays potato chips and Pepsi soda pop to retailers. But according ...

Japanese Finance Minister Shunichi Suzuki speaks during an event about expanding health coverage for all during the IMF and World Bank’s 2024 annual Spring Meetings in Washington, U.S., April 18, 2024.

Japan's finance minister gives fresh warning on excessive yen moves

Reuters |Updated 7 hours ago |1 min read

WASHINGTON (Reuters) - Japanese Finance Minister Shunichi Suzuki said on Friday authorities would take appropriate action against excessive currency market moves, repeating his warning to investors against pushing down the yen too much. There has ...

A Canadian Loonie, otherwise known as a one dollar coin, is displayed on top of an American one dollar bill in this posed photograph in Toronto.

C$ notches weekly gain as market works off oversold position

Fergal Smith |Updated 7 hours ago |2 min read

By Fergal Smith TORONTO (Reuters) - The Canadian dollar strengthened against its U.S. counterpart on Friday as oil prices rose and the market took stock of recent losses for the currency, but the move was limited following the recent move in ...

Japanese Yen and U.S. dollar banknotes are seen in this illustration taken March 10, 2023.

Analysis-Political heat prods Japan, South Korea to team up on weak currencies

Leika Kihara |Updated 7 hours ago |4 min read

By Leika Kihara WASHINGTON (Reuters) - The success of Japan and South Korea at inserting language voicing concern over their currencies in a joint statement with the U.S. this week underscores the political heat they face from stiff inflation ...