DUBAI (Reuters) – Iran’s security forces have arrested the “main perpetrators” of a drone attack this month on a military site in the central city of Isfahan, in which Israeli “mercenaries” were involved, state media reported on Friday. “The main perpetrators of the unsuccessful attempt to sabotage a Defence Ministry industrial centre in Isfahan on …
SAO PAULO (Reuters) – Deforestation in Brazil’s Amazon rainforest fell in January from a year earlier, satellite data showed on Friday, in the first monthly figures under President Luiz Inacio Lula da Silva. Preliminary satellite data collected by the government’s space research agency Inpe showed 167 square km (64 square miles) cleared in the region …
Deforestation in Brazil’s Amazon falls in first month under Lula Read More »
By Steve Scherer and Ismail Shakil OTTAWA (Reuters) -The Canadian economy smashed expectations by adding a net 150,000 jobs in January, data showed on Friday, putting pressure on the Bank of Canada to reconsider its “conditional pause” to interest rate hikes. The jobless rate held steady at 5%, Statistics Canada (Statscan) said. Analysts surveyed by …
Canada’s job surge in January signals possible need for rate hike Read More »
MADRID (Reuters) – Shares in Zara owner Inditex fell as much as 4.7% on Friday after the world’s biggest fast fashion retailer agreed an inflation-busting 20% increase in average wages for shop workers in its home market of Spain. Spain’s two largest unions, CCOO and UGT, announced the pay increase late Thursday, with UGT saying …
Zara owner Inditex’s 20% pay hike in Spain triggers drop in shares Read More »
By Siddharth Cavale and Jessica DiNapoli NEW YORK (Reuters) – Walmart Inc is warning major packaged goods makers that it can no longer stomach their price hikes, pitching its own private-label products to shoppers as less-expensive alternatives to suppliers’ name-brand goods. For the world’s biggest retailer, which reports earnings Feb. 21, any increase in prices …
Walmart pushes back as major product suppliers ask for higher prices Read More »
By Nell Mackenzie LONDON (Reuters) – Billionaire investor William Ackman’s Pershing Square fund reaped $2.7 billion on interest rate trades in 2022, but not enough to plug losses and the fund finished the year down almost 9%, according to an investor presentation seen by Reuters. U.S. stock indexes had a dismal 2022 with the S&P …
Ackman’s Pershing Square reaps $2.7 billion from rate trade but down 9% in 2022 -letter Read More »
By Aluisio Alves and Andre Romani SAO PAULO (Reuters) – Shares in Brazil’s Banco Bradesco SA fell to their lowest level in almost two years on Friday after the bank reported fourth-quarter net income equivalent to less than half that of analysts’ estimates. Bradesco reported a 75% drop in net income and sharply increased its …
Bradesco shares hit 2-year low after disappointing quarterly earnings Read More »
(Reuters) – Ralph Lauren Corp beat Wall Street expectations for quarterly revenue on Thursday, as demand for its high-end clothing and accessories held up amid expectations of some affluent customers reining in spending on luxury goods. Net revenue rose 1% to $1.83 billion in the third quarter ended Dec. 31, while analysts had expected $1.76 …
(Reuters) – Investors continued to withdraw from U.S. equity funds for a 12th straight week in the seven days to Feb. 8 as a report showing robust U.S. job additions in the last month fed fears that the U.S. Federal Reserve would keep raising interest rates this year. Refinitiv Lipper data showed investors exited a …
U.S. equity funds see outflows for 12th week in a row Read More »
By Brendan Pierson (Reuters) – Medication abortion has been in the spotlight since the U.S. Supreme Court last June reversed its landmark 1973 ruling in Roe v. Wade, which had guaranteed abortion rights nationwide. A lawsuit has been filed to get the drug used in the procedure pulled from the market, while two others seek …
How recent lawsuits could affect access to abortion pills Read More »
