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Retailer Loblaw beats quarterly estimates, sees consumers opting for Canadian products

(Reuters) -Canadian retailer Loblaw exceeded analysts’ expectations for first-quarter revenue and profit on Wednesday and said customers buying locally produced products on its e-commerce platform have more than doubled. The “Buy Canadian” movement is growing with citizens looking to shun products from U.S.-based companies amid ...
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Airbus beats first-quarter forecasts, maintains targets

By Tim Hepher and Florence Loeve PARIS (Reuters) -Europe’s Airbus posted stronger-than-expected revenues and core profit for the first quarter and reaffirmed targets for the year, while stressing it was too early to quantify the impact of tariffs. The world’s largest planemaker said its ...
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Tariff turmoil prompts cloudy forecasts from companies for the year ahead

NEW YORK (AP) — Uncertainty continues to hang over the latest round of financial results and forecasts for companies both big and small as they try to navigate a global trade system severely shaken by a shift in U.S. policy. Tariffs and the stark shift ...
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US inflation cools and Americans step up spending as they brace for tariff impact

WASHINGTON (AP) — A closely watched inflation gauge cooled last month in a sign that prices were steadily easing before most of President Donald Trump’s tariffs were implemented. At the same time, consumers accelerated their spending, particularly on cars, likely in an effort to get ...
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Europe’s major banks signal caution as ominous outlook tempers profit wins

By Sinead Cruise and Tommy Reggiori Wilkes LONDON (Reuters) -Big European lenders are retaining ambitious performance targets after bumper first-quarter profits this week, but beyond the upbeat headline numbers, bank bosses are contemplating a welter of threats to their future earnings prospects. A global trade ...
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Explainer-Why did the IMF block Colombia’s access to a credit line?

By Rodrigo Campos, Nelson Bocanegra NEW YORK/BOGOTA (Reuters) -The International Monetary Fund said on Saturday it had set conditions for Colombia’s access to its $8.1-billion Flexible Credit Line, a precautionary tool for crisis prevention and mitigation, effectively cutting access for the country from that cash. Colombia ...
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Instant View: Tame March PCE inflation no salve after downbeat Q1 US GDP report

(Reuters) – Consumer spending, which accounts for more than two-thirds of U.S. economic activity, surged 0.7% in March after an upwardly revised 0.5% gain in February, the Commerce Department’ said on Wednesday. Economists polled by Reuters had forecast consumer spending ...
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Guatemala gearing up to export avocados to US despite tariffs and delays

SAN MIGUEL DUEÑAS, Guatemala (AP) — Standing outside a massive new avocado packing plant recently and with the U.S. ambassador in attendance, Guatemala President Bernardo Arévalo connected the high-demand fruit with rural development and said the facility signaled a new chapter in the trajectory ...
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US inflation cools, consumer step up spending, as Americans brace for tariff impact

WASHINGTON (AP) — A closely watched inflation gauge cooled last month in a sign that prices were steadily easing before most of President Donald Trump’s tariffs were implemented. At the same time, consumers accelerated their spending, potentially in an effort to get ahead of the ...
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U.S. economy shrinks 0.3% in first quarter as Trump trade wars disrupt businesses

The U.S. economy shrank at a 0.3% annual pace from January through March, the first drop in three years, as President Donald Trump’s trade wars disrupted business. First-quarter growth was slowed by a surge in imports as companies in the United States tried to ...
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US pending home sales post biggest gain in more than a year

WASHINGTON (Reuters) -Contracts to buy U.S. previously owned homes surged by the most in more than a year in March, boosted by a decline in mortgage rates. The National Association of Realtors (NAR) said on Wednesday its Pending Home Sales Index, based on signed contracts, ...
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BNY asks employees to return to office four days a week by September

NEW YORK (Reuters) -Bank of New York Mellon has asked its employees to return to the office four days a week by September 2 from a current three days, according to a memo from the bank’s executive committee seen by Reuters. The move comes after ...
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