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U.S. Treasury Secretary Janet Yellen attends a press conference in Beijing, China April 8, 2024.

Yellen says economy performing well, inflation will ebb

Reuters |Updated 50 minutes ago |1 min read

WASHINGTON (Reuters) - Treasury Secretary Janet Yellen said on Thursday that the U.S. economy "continues to perform very, very well" and that she still sees inflation falling back to more normal levels. "The U.S. economy continues to perform ...

A Honda car stands on the day Honda announces plans to build electric vehicles and their parts in Ontario with financial support from the Canadian and provincial governments, at their automotive assembly plant in Alliston, Ontario, Canada, April 25, 2024.

Honda to set up $11 billion EV production base in Canada

Maki Shiraki |Updated 58 minutes ago |2 min read

By Maki Shiraki TOKYO (Reuters) - Honda Motor plans to build an EV production base in Ontario, it said on Thursday, a C$15 billion ($11 billion) investment that will mark the Japanese automaker's largest ever in Canada. The investment, due to be ...

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

Weak GDP, strong prices, highlight Fed dilemma

Howard Schneider |Updated 1 hour ago |2 min read

By Howard Schneider WASHINGTON (Reuters) - U.S. economic growth in the first quarter fell below the Federal Reserve's estimates of the economy's long-run potential for the first time in nearly two years, but the signs of slowing were accompanied ...

Brokers execute trades on the CBOE (Chicago Board Options Exchange) Global Markets  trading floor, at their headquarters in Chicago, Illinois, U.S., April 11, 2024.

Cboe to merge digital assets business with derivatives and clearing arm

Reuters |Updated 1 hour ago |1 min read

(Reuters) - Exchange operator Cboe Global Markets said on Thursday it will integrate its digital asset derivatives, currently offered by Cboe Digital, into its existing Global Derivatives and Clearing business as part of a strategic review. The ...

The logo of the Huawei Technologies Co. Ltd. is seen outside its headquarters in Shenzhen, Guangdong province, April 17, 2012.

Huawei-led Chinese firms aim to make advanced memory chips by 2026, The Information reports

Reuters |Updated 1 hour ago |2 min read

(Reuters) - A group of Chinese chip companies led by Huawei Technologies and backed by the country's government aims to produce high-bandwidth memory (HBM) semiconductors, a key component in AI chips by 2026, The Information reported on Thursday.

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Toolmaker W.W. Grainger quarterly revenue rises on industrial demand

Reuters |Updated 1 hour ago |1 min read

(Reuters) - Industrial parts provider W.W. Grainger reported a 3.4% increase in first-quarter revenue on Thursday, helped by demand from its U.S. industrial clients for maintenance and repair equipment. The Illinois-based company, which sells ...

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BGC Group's FMX Futures gets funding from banking consortium

Reuters |Updated 1 hour ago |1 min read

(Reuters) - Brokerage BGC Group said on Thursday its exchange platform FMX Futures was valued at $667 million after securing investment from a consortium including Bank of America and Citigroup. The consortium - which also includes Goldman Sachs, ...

A small toy figure and mineral imitation are seen in front of the BHP logo in this illustration taken November 19, 2021.

Factbox-Top deals in the global mining sector

Reuters |Updated 1 hour ago |2 min read

(Reuters) - BHP Group has bid $38.8 billion for smaller rival Anglo American, offering a deal to forge the world's biggest copper miner. Here is a list of some previous big-ticket deals in the mining sector: - Precious metals producer Polymetal ...

CANADA FX DEBT - Canadian dollar weakens, benchmark yield climbs

Reuters |Updated 1 hour ago |1 min read

The Canadian dollar weakened against the greenback on Thursday, and the yield on benchmark government debt climbed.  The loonie was trading 0% lower at C$1.3706 to the greenback, or 72.96 U.S. cents, after trading in a range of 1.3666 to 1.3712.

Brazil's central bank Governor Roberto Campos Neto, speaks at the ReutersNEXT Newsmaker event in New York City, New York, U.S., November 9, 2023.

Analysis-Brazil central bank chief irks finance ministry team on his way out

Marcela Ayres |Updated 1 hour ago |4 min read

By Marcela Ayres BRASILIA (Reuters) - An outspoken couple weeks for Brazil's central bank chief, including criticism of budget policy and comments scrapping monetary policy guidance, have soured relations with a Finance Ministry team who had been ...

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