 | | | | U.S. business activity slowed in April as soaring costs for raw materials, fuel and labor pushed input prices to a record high, according to a survey on Friday, which also showed an ebb in sentiment at the start of the second quarter. | | | | | | U.S. equity funds faced big outflows in the week to April 20 as concerns over economic growth, rising yields and prospects of aggressive monetary policy steps to stem inflation fanned risk-off sentiment. | | | | | | Japan and the United States likely discussed the idea of coordinated currency intervention to stem further yen falls during a bilateral finance leaders' meeting, Japanese television broadcaster TBS reported on Friday. | | | | | | Brazil's economy has entered a phase of stagnation that will persist next year as unrelenting inflation curtails consumer spending and policymakers struggle to find answers, a Reuters poll showed. | | | | | | American Express Co on Friday reaffirmed its annual revenue and earnings forecast after its first-quarter profit topped estimates, with customer spending on travel and entertainment more than doubling to hit pre-pandemic levels. | | | | | | The Bank of Canada could consider a larger rate increase than the half-point move it made last week, as the central bank grapples with reining in inflation which is at a 31-year high, Governor Tiff Macklem said on Thursday. | | | | | | When Japan's biggest banks helped finance a $34 billion deal last year for medical supply maker Medline, one of the largest leveraged buyouts since the financial crisis, the famously cautious lenders signalled their ambitions in riskier, and more lucrative, low-grade U.S. debt. | | | | | | The global development finance system needs urgent reforms and far more private capital to address the multiple, overlapping crises that are pushing 250 million people back into extreme poverty, major public and private groups said in a statement. | | | | | | Mexican banking institution Banorte is in talks with Citigroup Inc's Mexican consumer banking business Citibanamex for the sale of its assets, Banorte chief executive Marcos Ramirez Miguel said Thursday. | | | | | | A half-point interest rate increase "will be on the table" when the Federal Reserve meets on May 3-4 to approve the next in what are expected to be a series of rate increases this year, Fed Chair Jerome Powell said Thursday in comments that pointed to an aggressive set of Fed actions ahead. | | | | | |
