Author Archives: Syndicated Content
MercadoLibre's fintech launches its own dollar-backed 'stablecoin' in Brazil
SAO PAULO (Reuters) - Latin American e-commerce giant MercadoLibre's financial technology arm Mercado Pago announced on Wednesday that it has started making a so-called stablecoin priced in U.S. dolla...
Aug 21, 2024
Microsoft cuts first-quarter forecast for intelligent cloud revenue
(Reuters) -Microsoft on Wednesday cut its first-quarter intelligent cloud forecast, the technology giant said in an investor presentation. The company reported slowing growth in its cloud business in ...
Aug 21, 2024
China central bank warnings on long-dated bonds aim to curb systemic risks, watchdog says
SHANGHAI (Reuters) - Warnings by China's central bank about excess exposure to long-dated sovereign bonds are aimed at curbing potential systemic risks if yields continue to fall, a senior official at...
Aug 21, 2024
Analysis-Walmart tears up China online strategy with JD.com stake sale
By Siddharth Cavale NEW YORK (Reuters) - Walmart's stake in Chinese e-commerce firm JD.com was once central to its China strategy. Now it is tearing up that playbook by unloading its entire $3.74 bill...
Aug 21, 2024
Explainer-Why a Canadian freight rail halt would roil North American supply chains
By David Ljunggren OTTAWA (Reuters) - Canada's two main freight rail companies are set to lock out around 10,000 of their Canadian unionized workers on Thursday at 12:01 a.m. ET (4:01 GMT), starting a...
Aug 21, 2024
Chinese electric carmaker BYD unveils new plug-in hybrid SUV in Mexico
MEXICO CITY (Reuters) - Chinese electric carmaker BYD unveiled on Wednesday its new plug-in Song Pro hybrid SUV in Mexico, the company's local director announced on Wednesday, adding the vehicle's loc...
Aug 21, 2024
Lingo Telecom agrees to $1 million fine over AI-generated Biden robocalls
By David Shepardson (Reuters) - Lingo Telecom agreed to pay a $1 million fine after the agency said it transmitted fake robocalls imitating President Joe Biden seeking to dissuade people from voting f...
Aug 21, 2024
Argentina economy stalls again in June in challenge for Milei
BUENOS AIRES (Reuters) - Argentina's economic activity fell 3.9% in June compared to the same month last year, official data showed on Wednesday, as the economy shrunk again during the month after a r...
Aug 21, 2024
Franklin Templeton shutters $2 billion fund after executive steps down amid SEC probe
NEW YORK (Reuters) - Franklin Templeton announced on Wednesday that it will shutter a $2 billion fund and that Michael Buchanan will become sole chief investment officer of wholly owned subsidiary Wes...
Aug 21, 2024
Judicial strikes grow in Mexico over reform pushing currency lower
By Diego Or and Raul Cortes MEXICO CITY (Reuters) - Judges and magistrates joined a strike on Wednesday as protests against a judicial reform pushed by outgoing President Andres Manuel Lopez Obrador g...
Aug 21, 2024
