Business
Skydance expects to more than double its revenue in coming years, WSJ reports
(Reuters) - Skydance Media, which is in exclusive merger talks with Paramount Global, expects to more than double its revenue and triple its adjusted earnings in the coming years, the Wall Street Journal reported on Friday. Skydance expects to ...
BOJ's Ueda says 'very likely' to hike rates if inflation keeps rising
By Leika Kihara WASHINGTON (Reuters) -Bank of Japan Governor Kazuo Ueda said on Friday the central bank "very likely" will raise interest rates if underlying inflation continues to go up, and begin reducing its huge bond buying at some point in the ...
Brazil's Embraer delivers 25 jets in Q1; backlog hits 7-year high
SAO PAULO (Reuters) - Brazilian planemaker Embraer said on Friday it delivered 25 aircraft - seven commercial planes and 18 executive jets - in the first quarter of 2024, a 67% increase on a yearly basis. Embraer, the world's third-largest ...
Honda to invest $808 million in Brazil by 2030
BRASILIA (Reuters) -Japanese automaker Honda will invest 4.2 billion reais ($807.74 million) in its Itirapina plant in Brazil by 2030, an executive said on Friday, adding the company aims to develop a hybrid-flex vehicle in the South American ...
Nike to lay off 740 employees at Oregon headquarters
(Reuters) - Nike will lay off about 740 employees at its world headquarters in Oregon, a letter showed on Friday, as the top sportswear maker looks to rein in costs after warning of a revenue dip in the first half of fiscal 2025. The "second ...
Bank of Mexico deputy governor sees rates on hold for longer than expected
By Marcela Ayres WASHINGTON (Reuters) - Bank of Mexico Deputy Governor Jonathan Heath said on Friday the benchmark interest rate is likely to remain unchanged for longer than expected by markets, noting it would likely stay put at 11% at the May ...
Fed survey cites inflation, US election as key financial stability risks
By Howard Schneider and Pete Schroeder WASHINGTON (Reuters) -Persistent inflation and higher-for-longer interest rates were cited as key risks to financial stability in the Federal Reserve's latest survey of U.S. central bank contacts, with ...
Fed says 1,804 banks and other institutions tapped emergency lending facility
(Reuters) - Some 1,804 depository institutions tapped the emergency lending facility set up last March in the wake of Silicon Valley Bank's collapse, amounting to about 20% of all eligible firms, the Federal Reserve said on Friday. About 95% of ...
Lululemon to shutter Washington distribution center, lay off 128 employees
(Reuters) -Lululemon Athletica will close its distribution center in the state of Washington at the end of the year and lay off more than 100 employees, the apparel retailer told Reuters on Friday. The Vancouver-based firm will shutter the Sumner ...
Governments must broker local support for mines, industry group says
(This April 17 story has been officially corrected after the industry trade group clarifies to say it believes industry has a role to play in the government's FPIC review process, in paragraph 9) By Ernest Scheyder SANTIAGO (Reuters) - The ...