The Real News Network
BRASILIA (Reuters) – Brazil’s government on Monday sent Congress a bill designed by the central bank to regulate financial firms during a banking crisis that mandates the use of public money for bail-outs, but only as a last resort. If approved, the bill would create two new mechanisms that would dictate how different financial firms […]
By Herbert Lash NEW YORK (Reuters) – The dollar traded little changed while equity markets added to a year-end rally on Monday, with both a gauge of stock performance worldwide and Wall Street hitting new highs amid renewed optimism over U.S.-China trade and growth prospects. China’s finance ministry said it will lower tariffs on products […]
By Melissa Fares NEW YORK (Reuters) – Marshal Cohen has religiously visited the same stores every holiday season since 1999. But rather than snapping up bargains and favorite gifts for friends and family, the chief retail industry adviser is there to scrutinize the purchasing habits of others as online shopping upends the retail business. Major […]
By Devika Krishna Kumar NEW YORK (Reuters) – Oil prices were little changed on Monday as Russia said an OPEC-led producer group may consider easing output cuts next year, offsetting support from some investor optimism that an initial U.S.-China trade deal would be signed soon. Brent crude <LCOc1> settled up 25 cents, or 0.4%, at […]
By Rodrigo Viga Gaier and Luciano Costa RIO DE JANEIRO/SAO PAULO (Reuters) – Brazil’s government does not have an alternative proposal for the privatization of power holding company Centrais Eletricas Brasileiras SA <ELET6.SA> which appears headed for rejection in the Senate, according to two people with knowledge of the matter. Last week, Senate President Davi […]
By Saqib Iqbal Ahmed NEW YORK (Reuters) – The dollar was little-changed against a basket of currencies on Monday, holding near a two-week high, in holiday-lulled trading, while sterling fell on concerns over the British government’s hard line on Brexit talks. The dollar index <.DXY>, which measures the greenback against six major currencies, was down […]
By Yilei Sun, Cheng Leng and Brenda Goh BEIJING/SHANGHAI (Reuters) – U.S. electric vehicle maker Tesla Inc <TSLA.O> and a group of China banks have agreed a new 10 billion yuan ($1.4 billion), five-year loan facility for the automaker’s Shanghai car plant, three sources familiar with the matter said, part of which will be used […]
By Tim McLaughlin BOSTON (Reuters) – Three U.S. Democratic senators have asked the investigative arm of Congress to evaluate a $1 billion-a-year subsidy for burning chemically treated refined coal, after research has shown that some power plants using the fuel produced surging amounts of mercury and smog instead of cutting pollution. Senator Sheldon Whitehouse of […]
(Reuters) – Tesla Inc shares traded above $420 on Monday, more than a year after Elon Musk tweeted he had “funding secured” to take the electric car maker private at that price, only to later give up under investor pressure and regulatory concerns. In recent months, Tesla’s shares have had a run of good fortune […]
By Abraham Gonzalez MEXICO CITY (Reuters) – Low inflation, tight public spending and a reduction in the vast debts of loss-making state oil giant Petroleos Mexicanos (Pemex) have helped spruce up Mexico’s so-called risk profile, which reached its “safest” level in five years this month. Risk premiums of investing in Mexico, as measured by traders […]