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)…

Factory activity in Asia is weakening due to a global slowdown and cost pressures

Factory activity in Asia is weakening due to a global slowdown and cost pressures

Japan’s August PMI saw the weakest growth since January last year Manufacturing activity in Taiwan is declining in Malaysia China’s slowdown and US demand weigh on Asian economies TOKYO, Oct 3 (Reuters) – Factory output in Asia mostly weakened in September as a slowdown in demand in China and advanced economies added to pain from…

Wall Street posts fourth straight day of gains ahead of CPI report

Wall Street posts fourth straight day of gains ahead of CPI report

Sign up now for FREE unlimited access to Reuters.com Register Headline CPI fell on Tuesday Bristol Myers Rises on FDA Approval for Psoriasis Drug Twitter says Musk’s latest attempt to cancel the deal is invalid Indexes rose: Dow 0.71%, S&P 1.06%, Nasdaq 1.27% NEW YORK, Sept 12 (Reuters) – Wall Street extended its winning streak…

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…

Britain begins post-Brexit ‘transformation’ of finance

Britain begins post-Brexit ‘transformation’ of finance

The UK is trying to preserve London’s financial situation after Brexit Regulators to focus on competitiveness, not just on stability Capital rules for insurance companies should be relaxed to encourage investment Zahawi suspends plan for more government oversight of regulators LONDON, July 19 (Reuters) – Britain’s financial regulators will need to support the global competitiveness…