By Siddharth Cavale and Arriana McLymore NEW YORK (Reuters) -With Bed Bath & Beyond Inc set to disclose a financial lifeline — a roughly $375 million loan — investors hope the retailer’s interim CEO Sue Gove also will provide specifics on how she plans to rebrand the chain and steer it back to profitability when …
(Updates to market close) By Chuck Mikolajczak (Reuters) – NEW YORK, Aug 30 (Reuters) – U.S. stocks closed lower for a third straight session on Tuesday as a rise in job openings fueled fears the U.S. Federal Reserve has another reason to maintain its aggressive path of interest rate hikes to combat inflation. The benchmark …
Wall St closes down for 3rd straight session on Fed rate hike worry Read More »
By Uday Sampath Kumar (Reuters) – Americans may leave their end-of-year holiday gift buying as late as possible, Best Buy Co Inc executives said on Tuesday, as cost-conscious consumers seek the best deals in a return to pre-pandemic shopping habits. Global supply-chain disruptions and the resultant shortages prompted consumers to start their holiday shopping as …
Last-minute Christmas shopping may be back in vogue this year, says Best Buy Read More »
MEXICO CITY (Reuters) – A Mexican judge declared local airline Interjet in bankruptcy Tuesday, documents from judicial authorities showed. The carrier stopped flights at the end of 2020. (Reporting by Lizbeth Diaz; Writing by Kylie Madry; Editing by Anthony Esposito)
By Ann Saphir and Lindsay Dunsmuir (Reuters) -U.S. Federal Reserve officials on Tuesday reiterated their support for further interest-rate hikes to quell inflation, with the influential chief of the New York Fed saying the central bank will likely need to get its policy rate “somewhat above” 3.5% and keep it there through the end of …
Fed officials see U.S. interest rates rising further Read More »
MOSCOW (Reuters) – A court in Russia on Tuesday fined streaming company Twitch 3 million roubles ($50,209) for refusing to remove a two-hour interview with an adviser to Ukrainian President Volodymyr Zelenskiy, Russian news agencies reported. Twitch did not immediately respond to a request for comment. ($1 = 59.7500 roubles) (Reporting by Reuters; Editing by …
Russia fines streaming service Twitch 3 million rbls -agencies Read More »
(Reuters) – Hodlnaut said on Tuesday it has been placed under interim judicial management by the Singapore High Court, after the troubled cryptocurrency lender suspended withdrawals earlier this month. Judicial management allows a financially distressed company to be restructured under court supervision. The Singapore-based crypto firm said the court had appointed Ee Meng Yen Angela …
Crypto lender Hodlnaut granted creditor protection by Singapore Court Read More »
By David Shepardson WASHINGTON (Reuters) – Unions and freight railroads said on Monday they have struck contract deals covering 15,000 workers after U.S. President Joe Biden named an emergency board to help reach agreements. The National Carriers’ Conference Committee (NCCC), which represents U.S. freight railroads in national collective bargaining, said deals had been struck with …
Freight railroads, some unions reach contract deals covering 15,000 U.S. workers Read More »
By Ismail Shakil OTTAWA (Reuters) -Canada has invoked a 1977 pipeline treaty with the United States for the second time in less than a year, in this case to prevent a shutdown of Enbridge Inc’s Line 5 pipeline in Wisconsin, Foreign Minister Melanie Joly said on Monday. The Bad River Band, a Native American tribe …
Canada invokes pipeline treaty with U.S. over Wisconsin Line 5 dispute Read More »
(Reuters) – The Executive Board of the International Monetary Fund (IMF)approved a flexible credit line of around $18.5 billion for Chile to “augment buffers and provide insurance against adverse scenarios,” the IMF said on Monday. Chilean authorities intend to treat the credit line as “precautionary” and plan to exit the arrangement when conditions allow, the …
IMF board approves $18.5 billion flexible credit line for Chile Read More »
