The man picked to lead Costa Rica’s central bank rejected Citigroup Inc.’s forecast that economic growth will be cut in half next year after Intel Corp. and Bank of America Corp. said they would fire 3,000 people.
Intel Corp.’s main personal- computer processor business is showing signs of improvement after a record industry slump, yet the company’s push to get into faster-growing mobile-phone chips has gone backward.
Intel Corp., the world’s largest semiconductor maker, forecast second-quarter sales that may exceed some analysts’ estimates as improving corporate orders help stabilize the declining personal-computer market.
U.S. stocks climbed for a second day as optimism grew over corporate earnings and the Nasdaq Composite Index rebounded after falling near its average level for the past 200 days. Treasuries rose amid increasing tensions in Ukraine, while emerging markets slumped on signs China’s economy is slowing.
ASML Holding NV, Europe’s largest semiconductor-equipment supplier, predicted sales trailing analysts’ estimates on slowing demand from makers of chips that process functions in devices. The stock fell the most in more than two years.