Business
Colombia's central bank seen cutting benchmark interest rate to 11.75% in April:Reuters poll
By Nelson Bocanegra BOGOTA (Reuters) - The board of Colombia's central bank is forecast to cut its benchmark interest rate by 50 basis points for a second consecutive month at its April meeting, to support the country's economic recovery without ...
IMF executive board to meet April 29 on $1.1 billion Pakistan disbursement
(Reuters) - The executive board of the International Monetary Fund will meet on April 29 to discuss the approval of $1.1 billion funding for Pakistan, the Fund said on Wednesday. The funding is the second and last tranche of a $3 billion standby ...
Interpublic faces muted ad spending amid Middle East conflict
(Reuters) - Interpublic reported sharp revenue drops in some of its international markets on Wednesday, including the Middle East, as geopolitical uncertainty weighs on advertisement budgets. Growing tensions in the Middle East have clouded ...
Tesla shareholder seeks to block Musk from litigating pay outside of Delaware
WILMINGTON, Delaware (Reuters) - A Tesla shareholder asked Delaware court on Wednesday to block Tesla and company CEO Elon Musk from litigating Musk's 2018 pay outside of the state of Delaware, according to a court filing. (Reporting by Tom Hals ...
ASML approves Christophe Fouquet as CEO at annual meeting
AMSTERDAM (Reuters) - ASML has approved the appointment of Christophe Fouquet as the company's new CEO. Fouquet, 50, took up his new role as chief of Europe's largest technology company at ASML's annual meeting in Veldhoven, Netherlands on ...
Klarna to offer payment services on Uber's platform
(Reuters) - Sweden's Klarna on Wednesday partnered with Uber Technologies to offer its payment services across the company's ridesharing and food delivery platforms in a few markets, including the United States. Uber said last year that it would ...
CANADA FX DEBT - Canadian dollar weakens, benchmark yield climbs
The Canadian dollar weakened against the greenback on Wednesday, and the yield on benchmark government debt climbed. The loonie was trading 0.4% lower at C$1.3713 to the greenback, or 72.92 U.S. cents, after trading in a range of 1.3656 to 1.3715.
ASML CEO says US restricts servicing some China equipment, won't hurt earnings
By Toby Sterling AMSTERDAM (Reuters) - The outgoing chief executive of top semiconductor equipment supplier ASML said on Wednesday that the U.S. government will prevent the company from servicing some machines it has previously sold to Chinese ...
HSBC says growing Chinese wealth fuels client investments in US
By Tatiana Bautzer and Lananh Nguyen NEW YORK (Reuters) - HSBC's wealthy clients in China and Hong Kong are still eager to invest in the U.S., according to Michael Roberts, the bank's CEO for the USA and Americas. China's economic growth remains ...
Exclusive-Russian ministry stress scenario has growth stalling, rouble diving, document shows
By Darya Korsunskaya LONDON (Reuters) - Stress scenarios from Russia's economy ministry envisage GDP and real income growth almost grinding to a halt next year and the rouble diving from around 93 per dollar now to 107 as investments and oil ...