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US interest rate swap market embraces new rate as LIBOR deadline nears
By Harry Robertson LONDON (Reuters) - New trades in the enormous U.S. dollar interest rate swap market have almost entirely stopped using the London Interbank Offered Rate (LIBOR) as the deadline for ...
Syndicated Content Jun 06, 2023
Brazil’s May inflation seen at eight-month low, opening window for rate cuts: Reuters poll
By Gabriel Burin (Reuters) - Brazilian inflation probably declined to an eight-month low in May versus April, opening a much anticipated window for interest rate cuts in the second-half of the year, a...
Syndicated Content Jun 06, 2023
BorgWarner sees EV, hybrid parts business generate nearly half of sales by 2027
(Reuters) - Auto parts supplier BorgWarner on Tuesday forecast its electrified-vehicle business would generate about half of its total expected sales of over $10 billion by 2027, as the company looks ...
Syndicated Content Jun 06, 2023
J M Smucker sees smaller decline in annual sales on higher prices, steady demand
(Reuters) - Jif peanut butter maker J M Smucker Co forecast a smaller-than-expected decline in annual revenue on Tuesday, betting on higher prices and steady demand for its ready-to-eat meals and snac...
Syndicated Content Jun 06, 2023
Airlines urge co-operation to help curb emissions
ISTANBUL (Reuters) - Airlines on Tuesday called for co-operation on a broad front to reach "very tough" emission targets and pledged at the end of a three-day summit to release interim climate targets...
Syndicated Content Jun 06, 2023
Arrival to convert Antara’s $20 million loan into equity
(Reuters) - Arrival said on Tuesday it will convert shareholder hedge fund Antara Capital Master Fund LP's $20 million loan into equity, a move that would help the British electric-vehicle startup low...
Syndicated Content Jun 06, 2023
Pakistan proposes 3.5% GDP growth, 21% inflation for FY2023-24 budget – source
By Asif Shahzad ISLAMABAD (Reuters) -Pakistan has proposed a GDP growth target of 3.5% with a 21% inflation projection in estimates for its budget for the 2023-24 financial year, an official source to...
Syndicated Content Jun 06, 2023
US SEC sues Coinbase over failure to register
NEW YORK (Reuters) - The U.S. Securities and Exchange Commission on Tuesday sued Coinbase Inc, the largest U.S. crypto asset trading platform, accusing it of illegally operating without having first r...
Syndicated Content Jun 06, 2023
Subway inks deal for 4,000 new sandwich shops in China over next 20 years
By Hilary Russ NEW YORK (Reuters) - Subway reached an agreement with a master franchisee to open nearly 4,000 new sandwich shops across mainland China over the next 20 years, it said on Tuesday. Inter...
Syndicated Content Jun 06, 2023
Nestle trials giving cash to coffee farmers who grow beans sustainably
By Maytaal Angel LONDON (Reuters) - Nestle is piloting a scheme to give cash to coffee farmers who grow beans sustainably as part of its plan to halve greenhouse gas emissions in its coffee business b...
Syndicated Content Jun 06, 2023
Peoria, IL, USA
60 °F Partly cloudy
