Business

Nestle, Mondelez say were not targeted by EU Commission anti-trust raids

Tuesday, April 14 by SRN News

BRUSSELS, April 14 (Reuters) - Food giants Nestle and Mondelez said in separate statements on Tuesday they were not the target of European Commission antitrust raids carried out on Monday as part of a probe into a possible breach of antitrust rules in the... Read More.

Gucci sales extend falls as Iran war clouds de Meo turnaround

Tuesday, April 14 by SRN News

PARIS, April 14 (Reuters) - Sales at Kering's Italian flagship brand Gucci dropped by 8% in the first quarter from the previous year, the 33 billion euro ($39 billion) fashion group said on Tuesday in what it called a "first step" in its recovery. Gucci's... Read More.

Peru faces presidential runoff as election count drags on after ballot delays

Tuesday, April 14 by SRN News

LIMA, Peru (AP) - Peruvians will vote for a president in a runoff election in June after none of the 35 candidates in Sunday's contest secured an outright victory, but the two contenders of the runoff contest set for June were yet to be... Read More.

Bessent says confident that core inflation is going down, Fed will need to cut rates

Tuesday, April 14 by SRN News

WASHINGTON, April 14 (Reuters) - U.S. Treasury Secretary Scott Bessent on Tuesday said he was quite confident that core inflation would continue to go down in the United States despite the Iran war, and repeated his call for the Federal Reserve to cut its... Read More.

‘Blend’ countries pay billions extra as access to cheap multilateral loans narrows

Tuesday, April 14 by SRN News

By Colleen Goko JOHANNESBURG, April 14 (Reuters) - Developing nations are paying tens of billions of dollars extra to fund infrastructure, education and health projects due to inadequate access to affordable loans from multilateral development banks (MDBs), a report showed on Tuesday. The study by ONE... Read More.

Boeing jet deliveries slow in March due to 737 MAX wiring issue

Tuesday, April 14 by SRN News

By Dan Catchpole SEATTLE, April 14 (Reuters) - Boeing said on Tuesday it delivered 46 jets in March, down from 51 the prior month, as the company repaired damaged wiring in about 25 of its best-selling 737 MAX planes. Boeing did not specify on Tuesday how... Read More.

IMF cuts growth outlook, warns of potential global recession if Iran war worsens

Tuesday, April 14 by SRN News

By David Lawder WASHINGTON, April 14 (Reuters) - The International Monetary Fund cut its growth outlook on Tuesday due to Iran war-driven energy price spikes and supply disruptions and warned that the global economy would teeter on the brink of recession if the conflict worsens... Read More.

US producer prices increase less than expected in March

Tuesday, April 14 by SRN News

WASHINGTON, April 14 (Reuters) - U.S. producer prices increased less than expected in March as the cost of services was unchanged, but surging energy prices because of the war with Iran were fanning inflation pressures. The Producer Price Index for final demand rose 0.5% last... Read More.

BlackRock quarterly profit rises on active ETFs and performance fees

Tuesday, April 14 by SRN News

April 14 (Reuters) - BlackRock reported a rise in first-quarter profit on Tuesday, reflecting strong flows into its exchange-traded funds (ETFs) and a sharp increase in performance fees, sending its shares up 4.1% in early trading. Total net inflows were $130 billion, mostly into the... Read More.

JPMorgan’s private credit exposure was at $50 billion, CFO says

Tuesday, April 14 by SRN News

NEW YORK ,April 14 (Reuters) - JPMorgan Chase's private credit exposure was about $50 billion, part of a broader exposure of $160 billion in non-bank financial institutions, Chief Financial Officer Jeremy Barnum told an analysts call on Tuesday. (Reporting by Saeed Azahar in New... Read More.

Current Weather

Nestle, Mondelez say were not targeted by EU Commission anti-trust raids

Gucci sales extend falls as Iran war clouds de Meo turnaround

Peru faces presidential runoff as election count drags on after ballot delays

Bessent says confident that core inflation is going down, Fed will need to cut rates

‘Blend’ countries pay billions extra as access to cheap multilateral loans narrows

Boeing jet deliveries slow in March due to 737 MAX wiring issue

IMF cuts growth outlook, warns of potential global recession if Iran war worsens

US producer prices increase less than expected in March

BlackRock quarterly profit rises on active ETFs and performance fees

JPMorgan’s private credit exposure was at $50 billion, CFO says

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