By David French (Reuters) – Wall Street ended Friday with all three benchmarks more than 3% lower, as Federal Reserve Chief Jerome Powell’s signal that the central bank would keep hiking rates to tame inflation nixed nascent hopes for a more modest path among some investors. The Nasdaq led declines among the three U.S. benchmarks, …
Wall Street ends in a hole after Powell’s Wyoming speech Read More »
By Nivedita Balu and Praveen Paramasivam (Reuters) – Etsy Inc said on Friday U.S. sellers on its marketplace will either need to self verify their bank accounts or do it via third-party, riling up sellers over data privacy concerns. The sellers Reuters talked to and several others on discussion forums were annoyed over the move, …
Online marketplace Etsy says U.S. sellers must verify bank accounts Read More »
TUNIS (Reuters) -Some Tunisian shops are rationing goods including cooking oil, sugar and butter, while big queues have hit petrol stations amid a fuel shortage as the government navigates a looming crisis in public finances. Some grocery shops have restricted customers to single packs of items in short supply, while queues outside petrol stations have …
MEXICO CITY (Reuters) -General Motors Co’s main Mexico plant that makes GMC and Chevrolet pick-up trucks will halt production next week over supply chain issues, the company said Friday. The U.S. carmaker will suspend work beginning Aug. 29 and aim to restart Sept. 5, it added. Production at GM’s other three full-size truck plants in …
GM to pause production one week at Mexico’s Silao pick-ups plant Read More »
By Sarah Morland and Noe Torres MEXICO CITY (Reuters) – Mexican officials hope a newly created state-run lithium company will catapult the country to the vanguard of the green energy revolution, but industry experts told Reuters hefty costs and international indifference are likely to stymie those plans. Mexican President Andres Manuel Lopez Obrador nationalized the …
Analysis-Lithium experts skeptical on success of Mexico’s state-run miner Read More »
(Reuters) – The U.S. Securities and Exchange Commission said on Friday it adopted two amendments to whistleblower program rules, including one that would expand the circumstances in which a whistleblower can receive an award. The other amendment “affirms the Commission’s authority to consider the dollar amount of a potential award for the limited purpose of …
U.S. SEC says it adopted two amendments to its whistleblower program rules Read More »
By Scott Murdoch and Indranil Sarkar (Reuters) -Ramsay Health Care Ltd said on Friday a group led by private equity firm KKR & Co Inc has withdrawn a near $15 billion all-cash buyout offer, leaving on the table a cash-and-stock bid that the Australian hospital operator rejected. Under the cash-and-stock offer disclosed on Thursday, Ramsay …
(Reuters) – Google will clearly label medical facilities in the United States that provide abortions in its search results and in Google Maps to avoid confusing them with anti-abortion centers, its top executive informed lawmakers on Thursday. When users search for “abortion clinics near me”, the results box will display facilities verified to provide abortions, …
Google to clearly label U.S. medical facilities that provide abortion Read More »
By Julie Gordon OTTAWA (Reuters) -The Bank of Canada is revamping its fourth deputy governor role in an effort to bring “fresh and diverse perspectives” to its governing council, seeking out an external candidate to help set monetary policy on a part-time basis. The new deputy governor will join the Bank of Canada’s six-person governing …
Bank of Canada seeks external candidate for revamped deputy governor role Read More »
By Arriana McLymore NEW YORK (Reuters) -Inflation-weary U.S. shoppers have been skimping on clothing purchases, prompting retailers to slash prices to clear inventory off the racks. Gap was the latest retailer to report a slump in apparel shopping for the second-quarter, saying on Thursday that net sales slumped 8% from a year earlier to $3.86 …
U.S. retailers slash clothing prices as shoppers cut purchases Read More »
