MEXICO CITY (Reuters) – Mexican bottler Arca Continental reported a 24.2% increase in its fourth-quarter net profit year-over-year, the company said in a statement on Thursday, pointing to price increases and cost hedging that offset higher raw material costs. Arca, which sells water and soft drinks in the United States and parts of Latin America, …
Mexican bottler Arca reports 24% rise in Q4 net profit Read More »
SAO PAULO (Reuters) -Brazil’s consumer prices rose slightly less than expected in January, but the latest data is unlikely to give the central bank room for monetary easing in the short term despite President Luiz Inacio Lula da Silva’s calls for lower rates. Prices as measured by the benchmark IPCA index were up 0.53% last …
Consumer prices in Brazil up 0.53% in January amid govt, cenbank feud Read More »
By Patricia Zengerle WASHINGTON (Reuters) – Democratic and Republican U.S. lawmakers introduced legislation on Thursday seeking to repeal two longstanding authorizations for past wars in Iraq, renewing an ongoing effort to reassert Congress’ role in deciding whether to send troops into combat. Democratic Senator Tim Kaine, Republican Senator Todd Young, Republican Representatives Tom Cole and …
U.S. lawmakers try again to end ‘forever war’ authorizations Read More »
By David Shepardson WASHINGTON (Reuters) – A group of 34 Republican senators said on Thursday they would seek to overturn U.S. Environmental Protection Agency (EPA) rules that aim to drastically cut smog- and soot-forming emissions from heavy-duty trucks. The senators said the Biden administration rule finalized in December was overly challenging to implement, would make …
Republican senators seek to reverse U.S. heavy-duty truck emissions rule Read More »
By Mark Miller (Reuters) – The old line that “you can’t take it with you” does not apply when it comes to your 401(k). When you change jobs or retire, you have three basic choices: leave your retirement account where it is, roll it over to a new employer or move it to a standalone …
Column-Where to park the 401(k) when you switch jobs or retire Read More »
By Chris Taylor NEW YORK (Reuters) – Sorry to break it to you, but your romantic partner may be sharing a secret relationship. With guess who? JPMorgan Chase. Or Citibank, or Wells Fargo. Whether it is a big purchase, a hidden debt or an unknown account, 39% of us have committed some form of “financial …
Love & money: Four ways to avoid financial infidelity Read More »
By David Morgan WASHINGTON (Reuters) -Former Twitter executives told a Republican-led U.S. House committee on Wednesday that they made a mistake by blocking tweets about a laptop said to belong to President Joe Biden’s son Hunter but said government officials were not involved. At a combative day-long hearing before the House of Representatives Oversight Committee, …
Former Twitter execs tell Republicans they erred on Hunter Biden laptop story Read More »
By David Shepardson WASHINGTON (Reuters) – The acting head of the Federal Aviation Administration (FAA) will testify on Feb. 15 before the U.S. Senate Commerce Committee on a Jan. 11 computer system outage that disrupted more than 11,000 U.S. flights, sources told Reuters. Acting FAA Administrator Billy Nolen told lawmakers last month that the agency …
Acting FAA chief to testify before U.S. Senate panel on computer outage Read More »
By David Lawder SPRING HILL, Tenn. (Reuters) -U.S. Treasury Secretary Janet Yellen touted clean energy investments on Wednesday at a Tennessee electric vehicle battery plant benefiting from tax incentives in President Joe Biden’s signature climate legislation, adding that she supports Europe’s plans for competing subsidies. Yellen told reporters at the Ultium Cells LLC factory under …
Yellen touts battery investments, supports Europe’s plans for competing subsidies Read More »
(Reuters) – Commonwealth Bank of Australia and Westpac Banking Corp followed their two main rivals on Thursday in saying they would fully pass on to customers the 0.25 percentage point interest rate rise implemented by the central bank on Tuesday. Like National Australia Bank and ANZ Group Holdings, Commonwealth Bank said its rise would take …
Australia’s four biggest banks fully pass on central bank rate hike Read More »
