Brazilian markets had their best day since 2020 as Bolsonaro topped the polls

Brazilian markets had their best day since 2020 as Bolsonaro topped the polls

SAO PAULO, Oct 3 (Reuters) – Brazilian markets rallied on Monday as a stronger-than-expected performance by President Jair Bolsonaro and his congressional allies in the first round of a general election eased fears of sharp changes in economic policy. Brazil’s currency gained more than 4% against the dollar, while the benchmark Bovespa stock index (.BVSP)…

Reversing fall in UK confidence requires policy turnaround: economists

Reversing fall in UK confidence requires policy turnaround: economists

LONDON, Sept 27 (Reuters) – Investor confidence in Britain will only recover if Finance Minister Kwasi Kwarteng scraps the economic plan that unleashed such turmoil in financial markets, leading economists, investors and banks warned on Tuesday. The pound touched an all-time low of $1.0327 on Monday and British government bonds sold off at a furious…

As Fed warns of turbulence, markets are buckling their seat belts

As Fed warns of turbulence, markets are buckling their seat belts

WASHINGTON, Aug 15 (Reuters) – The Federal Reserve’s hawkish report on inflation quickly registered on U.S. housing markets this summer as mortgage interest rates shot up and home sales slowed. But that was the only significant and expected adjustment across the economy, which met the US central bank’s most aggressive monetary policy shift in a…

The dreaded “down rounds” reduce initial valuations by billions

The dreaded “down rounds” reduce initial valuations by billions

Aug 9 (Reuters) – Several high-flying startups are pulling back as the recent carnage in global stock markets and lackluster demand for new listings forces companies to raise funds at a steep discount to their sky-high valuations. The easy money from venture capital trading is quickly evaporating in an inflation-fueled high-interest-rate environment as many private…

Inflation is starting to strain the finances of young, low-income Americans

Inflation is starting to strain the finances of young, low-income Americans

A shopper wearing a face mask is pictured at a Dollar Tree store in Pasadena, California, U.S., June 11, 2020. REUTERS/Mario Anzuoni Sign up now for FREE unlimited access to Reuters.com Register NEW YORK, Aug 1 (Reuters) – As high inflation forces Americans to spend more on gas and bills, young and low-income consumers are…

As electric cars go mainstream, it’s vying for market share in home chargers

As electric cars go mainstream, it’s vying for market share in home chargers

BEDFORD, England, July 20 (Reuters) – As electric vehicles (EVs) take off, the battle for market share among start-ups selling home chargers is heating up, fueling more deals in the industry as tens of millions of units are installed worldwide . over the next decade. According to a Reuters analysis, more than 100 companies in…