Notizia

The dollar was headed for its seventh consecutive weekly gain on the yen on Friday and its best one-week rise on China's yuan in more than two years as higher U.S. yields hoist the greenback.

South Korea's economic growth likely slowed significantly in the first quarter as restrictions imposed to prevent the spread of COVID-19 slammed the brakes on consumer spending, a Reuters poll found.

Bank of Canada Governor Tiff Macklem said on Thursday supply pressures are showing no signs of easing and the central bank will be watching the impact of higher interest rates on inflation to gauge how much it needs to tighten policy.

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.

McDonald's Corp on Thursday said Carl Icahn's call for the fast food chain to stop buying pork from suppliers that house the animals in crates would be logistically unfeasible and prohibitively expensive.

Sensor maker Velodyne Lidar Inc said on Thursday that Marta Hall, the wife of founder David Hall, had resigned from its board weeks after the couple sold more than two-thirds of their stake in the company.

Wall Street reversed course and posted losses on Thursday while oil gained as Federal Reserve Chairman Jerome Powell suggested the U.S. central bank would move aggressively to curb inflation.

Melvin Capital Management is planning to shrink to $5 billion from the $8.7 billion it managed at the end of March, aiming to become more nimble to seek better returns, said a source familiar with the matter.

(Corrects headline and paragraph 1 to say the forecast cut was due to rising COVID-19 cases and road blockades in Chile. Removes reference to Chile protests, environmental concerns)