News

Argentina is targeting a $20 billion deal with the International Monetary Fund, Economy Minister Luis Caputo said on Thursday, formally putting a figure on the long-mooted program for the first time as he looks to calm local market jitters. A new program would be the country's 23rd with the IMF if approved, and is seen helping bolster the central bank's reserve levels, strengthening the government of libertarian Javier Milei and defusing debt repayment risks in the years ahead. "What we are looking for with this agreement is that people can rest assured that the pesos that exist are backed by the central bank," Caputo said.

The online pet retailer finished its fiscal year with increases in sales, profits, active customers and market share.

Petco shares jumped Thursday morning as the pet retailer outlined a better-than-expected adjusted earnings forecast for fiscal 2025.

IT distribution giant TD SYNNEX (NYSE:SNX) missed Wall Street’s revenue expectations in Q1 CY2025 as sales rose 4% year on year to $14.53 billion. Next quarter’s revenue guidance of $14.3 billion underwhelmed, coming in 2.7% below analysts’ estimates. Its non-GAAP profit of $2.80 per share was 3.6% below analysts’ consensus estimates.

(Bloomberg) -- Goldman Sachs Group Inc. said Turkey will probably raise its main interest rate by mid-April, following a week of political and market turmoil sparked by the detention of President Recep Tayyip Erdogan’s biggest rival.Most Read from BloombergThey Built a Secret Apartment in a Mall. Now the Mall Is Dying.Why Did the Government Declare War on My Adorable Tiny Truck?How SUVs Are Making Traffic WorseTrump Slashed International Aid. Geneva Is Feeling the Impact.These US Bridges Face Hi

News of the day for March 27, 2025

Automakers get walloped by new Trump tariffs.