Brazil’s central bank will most likely keep the benchmark Selic interest rate at 15% on September 17, the second decision after the July hiatus in the tightening cycle.The Monetary Policy Committee, or Copom, tightened rates by 450 bp since Sept/2024, before a pause two months ago. In the most recent…

The Bank of Canada is expected to lower its overnight rate by 25 basis points at its upcoming policy meeting, as weakening labour market conditions and slowing economic activity add pressure for monetary easing, as per a Reuters poll. A majority of analysts also anticipate at least one more cut…

The outlook for the US auto industry is improving, according to Barclays, which upgraded shares of General Motors and Aptiv on Friday. Analyst Dan Levy raised his rating on both companies to Buy from Hold and shifted his broader industry view to Neutral from Negative, citing better-than-expected resilience in the…

UK’s Investment Security Unit (ISU) has cleared IonQ Inc’s (NYSE: IONQ) more than $1.0 billion acquisition of Oxford Ionics. The quantum computing stock soared nearly 20% on the news today.The regulatory green light removes the final hurdle for the aforementioned transaction, which now looks set to close imminently.Today’s rally pushed…

A stagnant UK economy, renewed urgency in India’s trade negotiations with the European Union, a delay in EU climate policy talks, and a sharp decline in Ocado shares defined the day’s key economic and business developments.UK growth stalls in JulyThe UK economy showed no growth in July, according to the…

Friday’s news wrap covers major developments shaping global politics, technology, and security. A suspect has been arrested in the murder of conservative activist Charlie Kirk, sparking outrage.Meanwhile, the FTC is probing Amazon and Google’s ad practices, Nvidia and OpenAI are backing UK AI hubs, and the US urges G7 allies…

AstraZeneca has become the latest major drugmaker to scale back investment in the United Kingdom, pausing a planned £200 million ($271 million) expansion of its Cambridge research site. The move, which would have created up to 1,000 jobs, highlights growing tensions between the pharmaceutical industry and the UK government over…

With US equities hovering near record levels and economics indicators flashing warning signs – Morgan Stanley is urging investors to seek shelter in companies with robust free cash flows.According to the investment firm, “cash-rich” businesses are better equipped to navigate volatility, thanks to their ability to self-finance operations and growth.Amid…

Markets ended the week with a mix of corporate developments, economic data, and breaking news shaping investor sentiment. Tesla shares’ sharp rebound, weakening US consumer confidence, the capture of a high-profile murder suspect, Gemini’s upcoming stock debut, and fresh moves in US equities all made headlines Friday.Tesla stock surges on…