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...and North Korea....
...Unlike rivals BMW and Mercedes-Benz, Audi makes no cars in the US. Its factory in Mexico makes the Q5 SUV, but many cars it sells in America are exported from Europe....
...“Winner” indicates that the organisation won an FT Innovative Lawyers North America award for 2023. The full list of award winners is available here....
...US new home sales: Economists have forecast that sales of new homes in the US increased in March to an annualised pace of 670,000 units, up from 662,000 in February....
...The company is expected to report a loss of $1.21 a share, compared with a loss of 69 cents a year ago....
...Fedspeak: Atlanta Fed president Raphael Bostic will deliver remarks at the Prosperity Partnership of Fort Lauderdale....
...The company warned in the previous quarter of a slowdown in North America in both food and beverages that continued into this year, which was partly affected by the recall of some Quaker Foods products....
...Globally, VW reported a 3 per cent increase in deliveries of all vehicles to 2.1mn year to date, led by the growth in China and in the Americas....
...Several European carmakers, including Volkswagen and BMW, are unaffected because Baltimore’s Sparrows Point terminal, on the site of an old steelworks, is downstream of the bridge and remains open....
...That leaves a long list of popular models ineligible, including the Tesla Model 3 Rear-Wheel Drive, BMW X5 xDrive50e, Audi Q5 PHEV 55, Volkswagen ID. and the Nissan Leaf....
...“It’s part of pop culture.” Top brands advertising around the game include BMW, Doritos and Nerds. The exact amounts they will pay depend on their deals and what is covered under the arrangements....
...Fed minutes: The US central bank will release minutes from the Federal Open Market Committee’s last meeting, when it maintained its outlook of 0.75 percentage points of interest rate cuts in 2024 and raised...
...Constellation Brands: The producer of Modelo, the top-selling beer in the US, is forecast to post earnings of $2.04 a share in its fiscal fourth quarter, almost 70 per cent higher than a year earlier....
...G7: The foreign ministers of Italy, Canada, France, Germany, Japan, UK, US, as well as European Union officials, will begin their three-day meeting on the Italian island of Capri amid rising tensions in...
...Panama, once Latin America’s star economy, is close to losing its investment-grade status as another ratings demotion looms, with the next president set to inherit its biggest economic challenge in decades...
...The proceeds are supposed to be ploughed into buying back some of the $1.75bn of bonds due in 2025, 2027 and 2029....
...Fedspeak: Richmond Fed president Tom Barkin will speak about the economy to the Home Building Association of Richmond....
...Analysts expect slightly higher revenue compared with the year-ago quarter but thinner margins, in part because of an anticipated uptick in provisions for bad loans....
...Fedspeak: Federal Reserve governor Michelle Bowman will deliver a virtual speech at a workshop on the future of banking hosted by the central bank’s Kansas City branch....
...Rentokil now expects its full-year performance in North America to be “marginally below” its previous expectations....
...ISM Services: Activity in the US services sector is expected to have expanded again in March, ticking up to a reading of 52.7 from 52.6 in February, according to economists polled by Reuters....
...FTX: Sam Bankman-Fried, founder of cryptocurrency exchange FTX, is scheduled to be sentenced at a Manhattan federal court. He was convicted of fraud and money laundering late last year....
...That’s the mandate that a lot of infrastructure funds, private equities are looking at,” said Raúl Martínez Ostos, director of Barclays Mexico....
...The weaponisation of trade has become a US speciality in recent years. In 2019, America targeted telecoms equipment maker Huawei and pressured its allies to follow suit....
...Bank of America has shoved back its call for the first Fed cut from June all the way out to December — a huge jump for a tweak that typically moves in increments of one or two months at a time and that opens...
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