By Ismail Shakil OTTAWA (Reuters) -The Bank of Canada (BoC) said on Friday it has picked longtime bank executive Rhys Mendes to serve as deputy governor from July 17, filling a vacancy on the six-member governing council that will be created by the departure of Paul Beaudry. As deputy governor, Mendes will oversee the BoC’s …
Bank of Canada picks seasoned executive Mendes as deputy governor Read More »
(Reuters) – Elon Musk has named former NBCUniversal advertising chief Linda Yaccarino as Twitter’s new CEO, as the company tries to reverse a plunge in ad revenue at the social media platform. Yaccarino has been a key figure in modernizing the advertising business at NBCUniversal, which is owned by Comcast Corp. Here are some facts …
Factbox: Linda Yaccarino – the advertising executive Musk picked as new Twitter CEO Read More »
By Andrea Shalal NIIGATA, Japan (Reuters) -Treasury Secretary Janet Yellen said there was still uncertainty about exactly when Treasury would run out of cash to pay the U.S. government’s debts, but she would keep Congress apprised of any change in the date, which could come as early as June 1. Yellen told Bloomberg TV that …
Yellen: Still some uncertainty about when Treasury will run out of cash Read More »
By Jennifer Rigby LONDON (Reuters) – New highly-effective weight loss drugs such as Novo Nordisk’s Wegovy are not a “silver bullet” for addressing the rapid rise in global obesity rates, the World Health Organization’s nutrition chief told Reuters, as the agency conducts its first review of obesity management guidelines in more than 20 years. The …
By Yadarisa Shabong (Reuters) -British online retail platform THG Plc ended talks with Apollo Global Management on Friday, saying there was “no merit” in further discussions after it rejected the private equity firm’s buyout proposal based on “inadequate valuations”. Apollo, in a separate statement, said it no longer planned to make an offer for the …
UK’s THG shares dive 20% as another suitor bites the dust Read More »
(Reuters) – Right now, it’s all about deadlines, as lawmakers race to thrash out a deal on the U.S. borrowing limit, voters in Turkey head to the polls and time runs short for Russia and Ukraine to agree on how to keep key grain exports flowing. Here’s a look at the week ahead in markets …
By Jarrett Renshaw and Jeff Mason WASHINGTON (Reuters) – A debt limit meeting between U.S. President Joe Biden and top lawmakers that had been scheduled for Friday has been postponed, and the leaders agreed to meet early next week, a White House spokesperson said on Thursday. Aides from both sides have started to discuss ways …
Biden, McCarthy debt ceiling meeting postponed, spending cuts on table Read More »
By Nate Raymond and Andrew Chung (Reuters) – The U.S. Supreme Court on Thursday preserved a California law banning the sale of pork in America’s most-populous state from pigs kept in tightly confined spaces, rejecting an industry challenge claiming that the voter-backed animal welfare measure impermissibly regulates out-of-state farmers. The justices voted 5-4 to uphold …
U.S. Supreme Court preserves California humane pig confinement law Read More »
By Ricardo Brito BRASILIA (Reuters) -The head of Brazil’s electoral authority, Supreme Court Justice Alexandre de Moraes, delivered a stern warning to the world’s top tech companies on Wednesday, saying he would not let them undermine Brazil’s democracy. Moraes’ comments – which included the assertion that global tech giants “believe no jurisdiction in the world …
Brazil’s crusading justice Moraes ratchets up fight with global tech giants Read More »
SAO PAULO (Reuters) – Brazil’s state-run oil company Petrobras reported a 14.4% decline in first-quarter net profit, hit by lower oil prices, the firm said in a statement on Wednesday, a result that nevertheless landed ahead of analysts’ expectations. Petrobras reported net profit of 38.16 billion reais ($7.63 billion) during the January to March, while …
Brazil’s Petrobras posts 14% profit dip, but beats expectations Read More »
