UBS announced a net profit of $1.4 billion for the second quarter of 2019.Earningsread more
Beijing says it can still meet its 2019 growth target of between 6% and 6.5% and continues to roll out stimulus measures to prop up activity. China set a 2019 industrial...China Economyread more
Japan and South Korea are part of a complex and tightly linked supply chain that produces electronic goods such as smartphones and laptops.Technologyread more
A different oil pricing dynamic has been evolving with new supply calculations based on the U.S. as the world's largest producer.Market Insiderread more
The Massachusetts senator's alarm-sounding on consumer debt neglects to measure it against the growth in the economy and the ability to pay.Economyread more
Stocks in Asia Pacific edged up on Tuesday afternoon, as investors await closely-watched central bank meetings in the coming days.Asia Marketsread more
More than half of Venezuela's 23 states lost power on Monday, according to Reuters witnesses and reports on social media, a blackout the government blamed on an...World Politicsread more
Equifax will give consumers a range of options for monitoring their credit or making claims of fraud or data misuse, part of a $425 million restitution fund.Technologyread more
The deal between the White House and Democrats was earlier expected to raise the debt ceiling for two years and permanently end the sequester.Politicsread more
Britain's Antstream is jumping into the cloud gaming battle with a streaming platform for retro titles. And Tencent just backed the company.Technologyread more
American comedian Hannibal Buress, who stars in "The Eric Andre Show," has made a recent transition into the world of business as an angel investor — but there's an important...How I Made Itread more
BRASILIA, July 2 (Reuters) - Brazil's Senate on Tuesday approved the nomination of U.S.-based economist Fernanda Nechio as director of international affairs at the central bank, a role that forms part of the bank's monetary policy setting committee.
The Economic Affairs Committee confirmation was unanimous, and her nomination now goes to the plenary for final approval, which could take place later on Tuesday.
If approved, Nechio will become the fourth female director in the central bank's history and will replace Tiago Berriel. She has spent the last 10 years as economist, senior economist and most recently research advisor at the San Francisco Federal Reserve Bank.
In her address to the Senate committee, Nechio echoed recent remarks by central bank president Roberto Campos Neto and other policymakers that risks of a global economic slowdown posed a threat to Brazil, but stressed that the country's financial defenses were strong enough to withstand the pressures.
She also echoed policymakers' views that fiscal and economic reforms were critical to securing sustainable economic growth and structurally lower interest rates. If her nomination is approved, she will work to keep inflation low and stable, and help the central bank ensure financial stability, she said. (Reporting by Isabel Versiani and Jamie McGeever, Editing by Rosalba O'Brien)