By Luciana Magalhaes SAO PAULO (Reuters) -Brazilian payments company Stone said on Monday it has secured 295 million reais ($53.4 million) in financing from the Inter-American Development Bank’s private investment arm to expand credit offerings to small and mid-sized companies, focusing on Brazil’s remote Legal Amazon region. Funds from IDB Invest will support the development…
By David Lawder and Aida Pelaez-Fernandez (Reuters) -U.S. President Donald Trump gave Mexico a 90-day reprieve from higher tariffs to negotiate a broader trade deal but was expected to issue higher final duty rates for most other countries as the clock wound down on his Friday deal deadline. The extension, which avoids a 30% tariff…
By Emma Rumney LONDON (Reuters) -Diageo’s new interim CEO Nik Jhangiani has charmed investors with his cool confidence and clear communication, in contrast to his predecessor who struggled to win over the company’s shareholders during her short term. But whoever takes on the full-time leadership of the world’s top spirits maker will inherit challenges that…
(Reuters) -The U.S. House of Representatives appeared poised to pass key crypto legislation on Thursday, including the creation of a regulatory framework for U.S.-dollar-pegged cryptocurrency tokens known as stablecoins, after two days of fraught negotiations. House lawmakers in Washington were due to convene on Thursday afternoon to consider passing the stablecoin bill and another that…
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By Daphne Psaledakis and Ted Hesson WASHINGTON (Reuters) -U.S. Secretary of State Marco Rubio on Monday paved the way for the United States to deport certain lawful permanent residents, saying Washington determined some had supported Haitian gang leaders connected to a U.S.-designated terrorist organization. Rubio in a statement said certain U.S. lawful permanent residents had…
By Andrew MacAskill and Muvija M LONDON (Reuters) -A group of 25 Western countries including Britain, France, and Canada said on Monday Israel must immediately end its war in Gaza and criticised what they called the “inhumane killing” of Palestinians, including hundreds near food distribution sites. The countries in a joint statement condemned what they…
(Reuters) -Tax software company Avalara disclosed on Monday it had confidentially filed for a U.S. initial public offering, as investor optimism for new listings grows. U.S. IPO activity, sluggish at the start of the year, is gaining momentum following robust investor demand for new offerings. Avalara went public in June 2018 and was taken private…
By Aatreyee Dasgupta (Reuters) -U.S. homebuilders are navigating several headwinds as they approach quarterly earnings reports, including rising costs of construction materials, persistently high interest rates, and concerns that President Donald Trump’s proposed mass deportation efforts could significantly impact the construction industry. The sector is also grappling with a weakening consumer sentiment, prompting builders to…
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