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By Dominique Vidalon PARIS (Reuters) -French supermarket group Casino has finalised a deal to avert bankruptcy through a debt restructuring agreed with its main creditors, led by Czech billionaire Daniel Kretinsky. Casino was brought to the verge of default after years of debt-fuelled acquisitions and recent losses in market share to rival supermarket operators. On …

French retailer Casino finalises rescue deal led by Czech tycoon Read More »

By Luc Cohen and Jody Godoy NEW YORK (Reuters) -Sam Bankman-Fried’s lawyer laid out his defense case at his fraud trial on Wednesday, portraying the 31-former billionaire as a “math nerd” who overlooked risk management in building his FTX exchange, but did not steal customer money. Bankman-Fried has pleaded not guilty to charges he used …

Sam Bankman-Fried was ‘math nerd’ who did not steal, defense says at trial Read More »

MEXICO CITY (Reuters) – The U.S. and Mexico have resolved a labor complaint under a regional trade deal at a Grupo Yazaki auto parts factory in the central Mexican state of Guanajuato, both governments said on Wednesday. Grupo Yazaki, part of Japan’s Yazaki Corp., agreed to issue a neutrality statement, and the Mexican government will …

U.S., Mexico resolve labor probe at Grupo Yazaki auto parts plant in Mexico Read More »

By Davide Barbuscia NEW YORK (Reuters) -Rating agency Fitch, which downgraded the U.S. top credit rating in August, cautioned about a possible government shutdown after U.S. House Speaker Kevin McCarthy was ousted, but said it would not affect the U.S. sovereign rating because that already captured the country’s governance issues. A handful of Republicans in …

US government shutdown later this year would not hurt rating – Fitch Read More »

By Sabrina Valle HOUSTON (Reuters) -Exxon Mobil said on Wednesday big increases in oil and gas prices would lift third-quarter earnings by between $1.1 billion and $1.9 billion, compared with the second quarter. Exxon’s snapshot of operating profits, delivered in a securities filing after the market close, is another sign the energy industry’s run of …

Exxon Mobil’s third quarter oil profits to jump on strong prices Read More »

By Jonathan Stempel NEW YORK (Reuters) – A federal judge on Tuesday refused to let the U.S. Securities and Exchange Commission appeal her recent decision involving Ripple Labs, a ruling that has been seen as a major defeat for the regulator in its effort to police cryptocurrency markets. In her July 13 decision, U.S. District …

US SEC cannot appeal Ripple Labs decision, judge rules Read More »

KYIV (Reuters) – Ukraine’s central bank will improve its forecasts for inflation and gross domestic product growth for this year at its monetary meeting this month because the situation in the agricultural sector is better, a deputy governor of the bank said. Serhiy Nikolaichuk said during an online interview with the Forbes-Ukraine publication on Wednesday …

Ukraine central bank to improve 2023 inflation, GDP forecasts on robust agriculture Read More »

By Maytaal Angel LONDON (Reuters) – A Seattle-based startup backed by some of the investors behind Beyond Meat is launching the world’s first beanless coffee this week as it bids to slash the environmental impact of the popular brew. The innovation has caught the eye of investors, who have poured $51.6 million into Atomo Coffee …

Seattle-based startup makes ‘beanless coffee’ to help combat deforestation Read More »