Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Steven G"


25 mentions found


Annual headline inflation in the first half of the month reached 7.94%, beating both the 7.77% recorded in the month of December and economists' forecasts of 7.86%, though still below the two-decade high of 8.70% registered in August and September. That means annual inflation remains far above the Bank of Mexico's target rate of 3%, plus or minus one percentage point. It is unlikely that the bank will make any cuts to the interest rate in the next six months, Bank of Mexico board member Jonathan Heath said in an interview last week. In the first half of January, according to statistics agency INEGI, consumer prices rose 0.46% compared to the previous two-week period, while the core index rose 0.44%, both also exceeding market estimates. Mexico's Latin American peer Brazil, where monetary tightening is on pause, also released mid-month inflation data on Tuesday, with prices slightly beating market forecasts.
Venezuela calls off Maduro meeting with Lula, Brazil govt says
  + stars: | 2023-01-23 | by ( ) www.reuters.com   time to read: +1 min
BUENOS AIRES, Jan 23 (Reuters) - Venezuela has decided to call off a previously arranged meeting between President Nicolas Maduro and his Brazilian counterpart Luiz Inacio Lula da Silva on Monday, Lula's press office said. Later, however, Lula's team released a new update of his agenda saying the meeting would no longer take place as Venezuela canceled it. Lula, who took office on Jan. 1, asked his foreign relations minister to restore relations with Venezuela. Diplomatic relations between the countries were broken in 2020 by Brazil's former far-right President Jair Bolsonaro. Reporting by Lisandra Paraguassu; Editing by Steven GrattanOur Standards: The Thomson Reuters Trust Principles.
Glass highlighted three copper or copper-related stocks that could get a boost from the weaker dollar. Glass also named Chilean copper mining group Antofagasta , and metals and mining firm Boliden. "There just has not been enough investment in copper," Glass told CNBC's "Street Signs Asia" on Tuesday. Glass isn't the only one bullish on copper. Three-month copper on the London Metal Exchange was trading around $9,418 a metric ton on Wednesday, up from around $8,000 a metric ton in November.
Mexican central banker says 'it is clear' economy is slowing
  + stars: | 2023-01-20 | by ( ) www.reuters.com   time to read: +1 min
MEXICO CITY, Jan 20 (Reuters) - Mexico's economy is slowing, Bank of Mexico deputy governor Jonathan Heath said on Friday after official data showed economic activity shrank in November and December. Economic activity in Latin America's second-largest economy slipped 0.4% in December from November and contracted 0.1% in November from October in seasonally-adjusted terms, according to a preliminary estimate from national statistics agency INEGI. "It is clear that we are facing a slowdown in economic activity," Heath said. The data from INEGI also showed that economic activity likely grew by 2.7% in the 12 months through December and by 4.1% in the 12 months through November. Reporting by Anthony Esposito; Editing by Steven Grattan and Paul SimaoOur Standards: The Thomson Reuters Trust Principles.
Brazil police raid governor's house over capital riots
  + stars: | 2023-01-20 | by ( ) www.reuters.com   time to read: +3 min
The raid targeted Rocha's house and workplaces, police said. Rocha was not on site during the raid, which was followed by lawyers from his defense team. This raid it is unnecessary and fruitless," his lawyer Cleber Lopes said, adding that the governor had no connection to the violence. The operation drew criticism from lawyers, as Rocha was head of the Brazilian Bar Association before he became governor. It included 24 warrants covering five states and the capital Brasilia, it said in a statement.
Brazilians work to restore relics damaged in Congress riot
  + stars: | 2023-01-19 | by ( ) www.reuters.com   time to read: +2 min
REUTERS/Adriano MachadoBRASILIA, Jan 18 (Reuters) - A restorer in Brazil's capital gently scrapes off dirt from an ornate vase, just one of the relics damaged earlier this month when right-wing rioters stormed the country's most important institutional headquarters. Supporters of Brazilian far-right former President Jair Bolsonaro invaded and defaced the country's Congress, presidential palace and Supreme Court on Jan. 8. Rioters threw furniture through the smashed windows of the presidential palace, flooded parts of Congress with a sprinkler system, and ransacked ceremonial rooms in the Supreme Court. As soon as Sa's team was able to enter the buildings, they collected whatever they could to put some of the relics back together. "Assets inside the (presidential) palace are the history of Brazilian art itself, the history of Brazil."
The embattled freshman congressman has also faced calls from fellow New York Republicans to step down over fabrications about his career and history. Three years later, Santos competed in a drag beauty pageant in Rio, Rochard said. Another person from Niteroi who knew the congressman but asked not to be named said he participated in drag queen beauty pageants and aspired to be Miss Gay Rio de Janeiro. Santos is the first openly gay Republican to win a House seat in Congress as a non-incumbent, but has positioned himself as a staunch conservative on many social issues. Santos competed in a drag beauty pageant that year but lost, Rochard said.
GUATEMALA CITY, Jan 17 (Reuters) - Guatemala summoned its ambassador in Colombia for consultations, Guatemala's foreign ministry said on Tuesday, a day after Colombia did the same in regard to a conflict over Colombia's defense minister. Guatemala on Monday accused Colombian Defense Minister Ivan Velasquez, who led a United Nations anti-corruption unit in the Central American country, of committing illegal acts. Colombian President Gustavo Petro came out to defend the minister, saying he would not accept any "order for the arrest" of Velasquez. Guatemalan President Alejandro Giammattei told Spanish news agency EFE on Tuesday that Velasquez was not facing "criminal prosecution." Arrest warrants were issued for several others as part of the investigation, including former Guatemalan Attorney General Thelma Aldana.
Jan 16 (Reuters) - Teachers, retirees and workers' unions marched in at least six Venezuelan cities on Monday to demand better salaries, as the government of President Nicolas Maduro faces renewed challenges in its attempt to fight inflation. The minimum monthly salary for a public school teacher is about $10, while university professors earn between $60 and $80. I earn 460 bolivars a month (about $23)," said Odalis Aguilar, a 50-year-old teacher who marched in the city of Maracay. In the central state of Carabobo, teachers and public employees also held demonstrations, saying salaries do not cover the cost of food and medicine. Over the weekend the government paid public employees a bonus equivalent to $29.80.
[1/4] LNG Canada site construction activities are held, in Kitimat, Canada, September 2022. LNG Canada, in which Japan's Mitsubishi Corp (8058.T) owns a 15% stake, is set to be Canada's first liquefied natural gas (LNG) export terminal. LNG Canada has previously described this approach as only one of the options it was considering. LNG Canada has full environmental permits from both governments to use natural gas turbines for Phase 2, making it unclear what leverage governments have to force electrification. But buyers may pay more for LNG produced with lower emissions, Klein said, noting that some buyers already purchase carbon offsets for LNG cargoes.
Now, a precipitous plunge in its share price in 2022 puts its value well under $400 billion. At the end of last week, the EV maker cut prices in the U.S. and throughout Europe in what's being viewed as an effort to boost sales volumes. But there have also been some self-inflicted pains too: the long-running Twitter saga ; Musk's massive sale of Tesla shares ; and a capacity expansion in the face of slowing demand. Tesla alternatives For Deutsche Bank, Chinese EV maker Nio is the only pure-play name among its top automotive picks for 2023. Nio shares ended Friday at $11.81, down over 60% over the last year.
SAO PAULO, Jan 15 (Reuters) - Brazilian bank Banco BTG Pactual SA has appealed a court injunction that protected billionaire-backed retailer Americanas (AMER3.SA) from creditors on Friday, documents seen by Reuters show. In an appeal filed on Saturday, BTG lawyers argue the court injunction orders illegaly the reversal of a payment made by Americanas to BTG. Americanas and BTG did not immediately respond to requests for comment. Reporting by Tatiana Bautzer; Editing by Steven GrattanOur Standards: The Thomson Reuters Trust Principles.
Bolsonaro's ex-justice minister arrested in Brazilian capital
  + stars: | 2023-01-14 | by ( ) www.reuters.com   time to read: +2 min
BRASILIA, Jan 14 (Reuters) - Brazil's former Justice Minister Anderson Torres, who was in charge of public security in Brasilia during the invasion of government buildings a week ago, was arrested in Brasilia on Saturday on suspicion of "omission" and "connivance". Brazilian Supreme Court Justice Alexandre de Moraes ordered Torres' arrest on Tuesday. According to Anderson Torres, the document was "leaked out of context" after being seized when he was not at his residence, and was probably part of a pile of papers for disposal. "Everything would be taken to be shredded in due course," the former minister said in a post on Twitter on Thursday. Justice Minister Flavio Dino had given Torres until Monday to return, after which he said he would have started extradition procedures.
Brazil's govt formalizes Prates nomination as Petrobras CEO
  + stars: | 2023-01-13 | by ( ) www.reuters.com   time to read: 1 min
Companies Petroleo Brasileiro SA Petrobras FollowSAO PAULO, Jan 13 (Reuters) - Brazilian state-run oil company Petrobras (PETR4.SA) said on Friday the government has officially nominated Jean Paul Prates to serve as its chief executive officer and board member. President Luiz Inacio Lula da Silva had already announced he would appoint Prates for the top job. Reuters reported earlier on Friday, citing sources, that the nomination had been formalized. Reporting by Marta Nogueira and Gabriel Araujo; Editing by Steven GrattanOur Standards: The Thomson Reuters Trust Principles.
The Brazilian Supreme Court has ordered the arrest of the former minister, Anderson Torres, who has said he would turn himself in but is now in Florida, as is Bolsonaro. Dozens of U.S. Congress members asked the United States to revoke Bolsonaro's visa after his supporters stormed Brasilia earlier this month. New Justice Minister Flavio Dino told a news conference he would wait until next week to re-evaluate Torres' case, indicating that an effort to request his extradition could happen if the former minister does not turn himself in. The arrest warrant against Torres was issued by Supreme Court Justice Alexandre de Moraes, after the storming of public buildings in Brasilia last Sunday. The former justice minister, who says he is vacationing in Orlando, claimed that the reported document was likely among others in a stack being thrown out and was "leaked" in his absence to create a "false narrative."
BRASILIA, Jan 12 (Reuters) - Brazil's leftist President Luiz Inacio Lula da Silva said on Thursday that he plans to have policies ready within 100 days so the country "runs at normal speed" again and told financial markets they should not worry about his Workers Party government. Addressing Sunday's storming of government building in Brasilia by supporters of former President Jair Bolsonaro, Lula told reporters that "what happened was a huge warning, we won the election but fanatic Bolsonaro supporters are very dangerous." Supporters of right-wing Bolsonaro ransacked Brazil's Congress, Supreme Court and presidential palace on Sunday, calling for a military coup to overturn the October election won by Lula. "If I had to fire a minister every time they made a mistake, the turnaround would be enormous," Lula said. The 77-year-old President also said that markets should not worry about his Workers Party government.
The government of leftist President Luiz Inacio Lula da Silva bolstered security measures nationwide as flyers appeared on pro-Bolsonaro social media calling for mass demonstrations in Brazilian cities to "retake power." Ricardo Cappelli, the federal official in charge of public security in the capital since Sunday, said all security forces had been mobilized to prevent protests and that there would be no repeat of rioting. So far, 727 of the over 1,500 involved in Sunday's riots have been imprisoned. The Supreme Court on Wednesday upheld Moraes's arrest warrant for Anderson Torres, Bolsonaro's former justice minister who oversaw public security in Brasilia during Sunday's riots. The former president, whom Lula has blamed for inflaming the protests, did not mention Sunday's riots.
SAO PAULO, Jan 10 (Reuters) - Brazilian power company Eletrobras (ELET6.SA) is investigating whether the collapse of two transmission towers is related to anti-government riots on Sunday after finding signs of sabotage, according to two people familiar with the probe. The towers - one of which fell on Sunday and the other in the early hours of Monday - were operated by Eletrobras subsidiaries Furnas and Eletronorte. Eletrobras, the mines and energy ministry and regulatory agency Aneel have set up a crisis committee to monitor potential threats to Brazil's power grid, according to a third source. A third tower operated by power transmission company Evoltz also collapsed, according to a report by Brazil's National Electric System Operator (ONS) on Tuesday. Eletrobras, Furnas and Evoltz did not immediately respond to requests for comment.
Central bank chief Roberto Campos Neto is legally required to publish a letter justifying the inflation target miss. It will be released on Tuesday, according to the central bank. That will give the central bank "more cause to delay the start of its easing cycle," Jackson said. According to IBGE, inflation last year was mainly impacted by the increased costs of food and beverages (+11.64%) and health and personal care items (+11.43%). State-run oil giant Petrobras (PETR4.SA) contributed to the disinflationary trend, adopting a series of price cuts when international oil prices settled.
Brazil's Petrobras to cut natural gas prices by 11.1%
  + stars: | 2023-01-10 | by ( ) www.reuters.com   time to read: 1 min
Companies Petroleo Brasileiro SA Petrobras FollowSAO PAULO, Jan 10 (Reuters) - Brazilian state-run oil company Petrobras (PETR4.SA) will cut natural gas prices by an average 11.1% starting Feb. 1, it said on Tuesday on its website. Petroleo Brasileiro SA, as the company is formally known, updates natural gas prices on a quarterly basis, pegging them to international oil prices and foreign exchange rates. Reporting by Gabriel Araujo; Editing by Steven GrattanOur Standards: The Thomson Reuters Trust Principles.
BRASILIA, Jan 10 (Reuters) - Brazilian Supreme Court Justice Alexandre de Moraes said on Tuesday the country must firmly combat "terrorism" and "anti-democratic people attempting a coup" after supporters of former President Jair Bolsonaro stormed Brasilia earlier this week. "Democracy will prevail and Brazilian institutions will not bend," said Moraes, who leads a probe into anti-democratic protests that has already yielded several arrests. Reporting by Ricardo Brito; Editing by Steven GrattanOur Standards: The Thomson Reuters Trust Principles.
RIO DE JANEIRO, Jan 9 (Reuters) - Brazil's former President Jair Bolsonaro was admitted to a hospital in Florida with intestinal discomfort due to a stabbing he suffered during the 2018 election campaign, his wife Michelle Bolsonaro said on Monday on Instagram. In Brazil, Dr. Antonio Luiz Macedo, who has been treating Bolsonaro since the stabbing, said he has an intestinal subocclusion, or blockage, but was unlikely to need surgery. Brazilian newspaper O Globo had reported earlier in the day that Bolsonaro had been suffering from abdominal pain. Bolsonaro has undergone six surgeries since his stabbing, four of them directly linked to the attack. On Sunday, Bolsonaro supporters in Brazil's capital launched the worst attack on state institutions since the country's return to democracy in the 1980s.
Speaking to reporters, Rui Costa, also a minister in Lula's cabinet, said government meetings were scheduled for Tuesday and the Finance Ministry and Management Ministry will announce measures this week. Hundreds of supporters of former President Jair Bolsonaro stormed and vandalized the Congress, the Supreme Court, and the presidential palace on Sunday. The attacks on state institutions are considered the worst since the country's return to democracy in the 1980s. The minister participated in emergency meetings with Lula and others on Monday. Reporting by Bernardo Caram; Editing by Steven Grattan, Andrea Ricci and Kenneth MaxwellOur Standards: The Thomson Reuters Trust Principles.
The once-hot chip sector was hit hard in 2022, with the PHLX Semiconductor Sector Index falling around 37% over the year. And one name keeps coming up as a top pick: Taiwan Semiconductor Manufacturing Company (TSMC). But analysts overall remain positive, with 90% of those covering the stock giving it a buy rating, according to FactSet, and average price target upside of 37%. Morgan Stanley also named TSMC as a top pick in a December note, giving it a price target of $700, or upside of 55%. It explained that the semiconductor industry must continue to invest at a high level in order to achieve future growth, however "investment efficiency" has deteriorated.
LONDON, Jan 3 (Reuters) - Credit Suisse (CSGN.S) announced a series of staff changes on Tuesday following the departure of the co-head of its European investment banking operation, according to internal memos seen by Reuters and confirmed by a company spokesperson. Monarchi is now sole IBCM head for Europe, the Middle East and Africa (EMEA), whereas Geller has been named sole global head of M&A. Additionally, William Mansfield, head of EMEA Consumer & Retail M&A, has taken up Deasy's responsibilities as head of EMEA M&A. Deasy's exit, which was first reported by Financial News, is the latest in a string of departures as Credit Suisse embarks on a plan to cut thousands of jobs and shift its focus from investment banking towards more stable wealth management. Alongside the promotions, the Swiss lender also said it had hired Credit Agricole (CAGR.PA) banker Gen Oba as co-head of IBCM in France, Belgium and Luxembourg.
Total: 25