(Reuters) -U.S. President Joe Biden will nominate Daniel Werfel to be the next commissioner of the Internal Revenue Service (IRS) tax agency, succeeding Charles Rettig whose term ends on Saturday, the White House said on Thursday. Werfel previously served as acting commissioner of the body in 2013, when the White House said he “provided immediate …
By Brendan O’Boyle and Anthony Esposito MEXICO CITY (Reuters) -The Bank of Mexico hiked its key interest rate by 75 basis points to a record 10.00% on Thursday, in a split decision that left the door open to future hikes but cast doubt on how aggressively it would continue its monetary tightening cycle. It was …
Split Bank of Mexico raises rate to record 10%, leaves door open to future hikes Read More »
By Duncan Miriri NAIROBI (Reuters) – Kenya’s government is reducing its rate of borrowing, officials said on Thursday, to attain a significantly narrower budget deficit in the next financial year. President William Ruto’s administration, which took over in mid-September, is in the process of revising its budget for this fiscal year to reduce expenditure by …
Kenya to cut appetite for borrowing, eyes narrower budget deficit Read More »
(Reuters) – There is currently no credible case for the United States to develop an official digital version of the dollar, Federal Reserve Governor Christopher Waller said on Thursday, keeping to his long-held skeptical view amid debate at the U.S. central bank. “The case for adopting one is not yet convincing to me and many …
Fed’s Waller maintains skepticism on U.S. digital currency Read More »
By Silvia Aloisi and Matthieu Protard PARIS (Reuters) – Shares in Credit Agricole SA fell 5% in early Thursday trading after the French bank reported lower-than-expected revenue in the third quarter, driven by weaker trading proceeds and withdrawals at asset manager Amundi. Net income came in at 1.35 billion euros ($1.35 billion) in the three …
Credit Agricole shares fall as revenues disappoint Read More »
By Chris Prentice WASHINGTON (Reuters) -The turmoil in the cryptocurrency industry of the last few days underscores the risks inherent in the industry as intermediaries handle so many core functions, the head of the top U.S. markets regulator said on Wednesday. Securities and Exchange Commission (SEC) Chair Gary Gensler used the events of the last …
U.S. securities regulator says crypto events underscore industry risks Read More »
(Reuters) -Hasbro Inc said on Wednesday its Chief Financial Officer Deborah Thomas would retire, with the toymaker working on hiring her successor from both internal and external candidates. The company said Thomas, who has been with Hasbro for 24 years, would remain as its finance chief until her successor is named and as an advisor …
By Noel Randewich and Devik Jain (Reuters) – Wall Street ended sharply lower on Wednesday as Republican gains in midterm elections appeared more modest than some expected, with investors also focusing on upcoming inflation data that will provide clues about the severity of future interest rate hikes. Major indexes added to declines as Treasury yields …
Wall Street ends lower after midterm election, CPI in focus Read More »
SANTIAGO (Reuters) – Latam Airlines and its main pilots union in Chile have reached an agreement, staving off the threat of a strike by workers, the union said in a statement Wednesday. (Reporting by Fabian Cambero; Writing by Kylie Madry; Editing by Anthony Esposito)
By Sabrina Valle and Ruhi Soni HOUSTON (Reuters) -U.S. oil producer Occidental Petroleum Corp increased by about 22% the estimated investment for the world’s largest direct air capture project due to inflation, Chief Executive Officer Vicki Hollub said on Wednesday. The Houston-based company expects to spend $1.1 billion in the project, from $800 million and …
Occidental’s project to capture CO2 takes a hit from inflation Read More »
