Reuters US Business Archives - Page 1811 of 2312

UPS, Teamsters accuse each other of walking away from contract talks

5 Jul 2023 5 Jul 2023

By Abhijith Ganapavaram (Reuters) -The Teamsters Union said on Wednesday United Parcel Service “walked away” from negotiations over a new contract, a claim the shipping giant denied, lobbing its own accusation that the union had stopped negotiating. The two sides traded salvos in early morning statements as they attempt an agreement to prevent a strike …

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Britain to set up real-time bond and stock trading record

5 Jul 2023 5 Jul 2023

By Huw Jones LONDON (Reuters) -Britain’s financial watchdog proposed a real-time record of stock and bond prices on Wednesday to help investors spot the best deals and improve the capital markets’ attraction. It is the latest in a welter of reforms, many contained in a new law approved last week, to bolster the City of …

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Binance market share takes regulatory hit, its US affiliate shrinks

5 Jul 2023 5 Jul 2023

By Medha Singh (Reuters) – The market share of Binance, the world’s largest cryptocurrency exchange, and its U.S. affiliate have shrank this year, as they battle an onslaught of regulatory crackdowns. Last month, Binance was hit by a lawsuit by the U.S. Securities and Exchange Commission for allegedly breaching the regulator’s rules, pushing its global …

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Wall Street posts modest loss after Fed minutes

5 Jul 2023 5 Jul 2023

By Lewis Krauskopf, Bansari Mayur Kamdar and Johann M Cherian (Reuters) – Wall Street’s main indexes ended with modest declines on Wednesday as investors digested minutes from the U.S. Federal Reserve’s latest meeting and braced for significant economic data in the days to come. Minutes showed a united Fed agreed to hold interest rates steady …

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GM says it could face compliance challenges under new emissions rules

5 Jul 2023 5 Jul 2023

By David Shepardson WASHINGTON (Reuters) -General Motors said on Wednesday it could face compliance challenges under the Environmental Protection Agency’s proposed vehicle emissions rules and other state and federal regulations, as it cited requirements on electric vehicles. The largest U.S. automaker said in comments submitted to the EPA that there are six state and federal …

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Russia to decrease daily forex sales in coming month

5 Jul 2023 5 Jul 2023

(Reuters) – Russia’s finance ministry said on Wednesday it would sell 1.7 billion roubles’ ($18.9 million) worth of foreign currency a day between July 7 and Aug. 4, a decrease in the volume of daily operations from the previous month. After a hiatus of several months, Russia resumed foreign currency interventions in January, selling yuan …

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Apple loses London appeal in 4G patent dispute with Optis

5 Jul 2023 5 Jul 2023

LONDON (Reuters) – Apple Inc infringed two telecommunications patents used in devices including iPhones and iPads, London’s Court of Appeal ruled on Tuesday, dismissing the tech giant’s appeal in a long-running dispute with a U.S. patent holder. Texas-based Optis Cellular Technology LLC sued Apple in 2019 over its use of patents which Optis says are …

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Adidas HR chief latest board member to leave since arrival of Gulden as CEO

5 Jul 2023 5 Jul 2023

BERLIN (Reuters) – Adidas said on Wednesday that its HR chief Amanda Rajkumar would leave the company this month after less than three years in the role, becoming the third board member to do so since Bjorn Gulden took over as CEO. Rajkumar, who joined Adidas in 2020 from BNP Paribas to replace Karen Parkion, …

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Volvo Cars June sales up 33% as fully electric car sales quadruple

5 Jul 2023 5 Jul 2023

COPENHAGEN (Reuters) -Sweden-based Volvo Cars on Wednesday reported a 33% year-on-year rise in June sales to 66,379 cars, helped by a spike for fully electric cars. The manufacturer, which is majority-owned by China’s Geely, said it sold 9,535 fully electric cars in the month, up 346%. “The overall sales increase was driven by the company’s …

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Gazprom subsidiary files lawsuits against Deutsche Bank and Commerzbank

4 Jul 2023 4 Jul 2023

MOSCOW (Reuters) – RusKhimAlyans, a subsidiary of Russian gas giant Gazprom, has filed lawsuits seeking a total of 31 billion roubles ($348 million) from Deutsche Bank and Commerzbank, Russian court documents show. RusKhimAlyans, in which Gazprom has a 50% stake, is seeking more than 22 billion roubles from Deutsche Bank and over 8 billion roubles …

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