(Reuters) – The Russian rouble firmed past 74 to the dollar in Moscow trade on Friday, helped by companies preparing to pay large sums in taxes, while stocks indexes inched higher. At 0729 GMT, the rouble was 1.7% stronger against the dollar at 73.58 and had gained 1.4% to trade at 79.05 versus the euro …
Russian rouble firms past 74 vs dollar, stocks up Read More »
By Maria Caspani and Dawn Chmielewski (Reuters) -Florida lawmakers on Thursday gave their final approval to a bill ending Walt Disney Co’s designation as a self-governing entity in an apparent response to its opposition to a new state law limiting the teaching of LGBTQ issues in schools. Losing the designation may represent a big blow …
Florida set to strip Disney of self-governing status in dispute over LGBTQ law Read More »
(Reuters) – Mexico’s Grupo Financiero Banorte on Thursday reported a higher-than-expected first-quarter net profit of 10.7 billion pesos ($540 million), up 26% from a year ago. Analysts’ had been estimating a profit of 9.64 billion pesos, according to Refinitiv. Revenue for the group, which owns one of the country’s largest banks and pension funds, stood …
Mexico’s Banorte first-quarter net profit jumps 26% Read More »
(Reuters) -Tesla Inc Chief Executive Elon Musk is in talks with private-equity firm Thoma Bravo about partnering on a possible takeover bid for Twitter Inc, the New York Post reported on Thursday, citing two sources close to the situation. Thoma Bravo could be the key to Musk moving forward with a binding offer for Twitter, …
Musk in talks with Thoma Bravo about partnering on Twitter bid – NY Post Read More »
(Reuters) – Sensor maker Velodyne Lidar Inc said on Thursday that Marta Hall, the wife of founder David Hall, had resigned from its board weeks after the couple sold more than two-thirds of their stake in the company. Velodyne had last year removed David Hall as chairman and Marta as marketing chief for lack of …
Marta Hall steps down from sensor maker Velodyne’s board Read More »
By Andrea Shalal WASHINGTON (Reuters) -A White House adviser on Thursday suggested the United States could lower tariffs imposed on a host of non-strategic Chinese goods such as bicycles or apparel to help combat inflation. Deputy National Security Adviser Daleep Singh said tariffs imposed by the former Trump government may have given the administration some …
White House adviser Singh suggests U.S. could lower tariffs on Chinese goods Read More »
WASHINGTON (Reuters) -The Office of the Comptroller of the Currency on Thursday said flagship crypto bank Anchorage Digital Bank National Association violated rules for monitoring for suspicious activity and preventing money laundering. The Sioux Falls, South Dakota-based firm failed to adopt a compliance program that meets Bank Secrecy Act and anti-money laundering requirements, OCC said …
U.S. regulator says crypto bank violated anti-money laundering, compliance rules Read More »
(Reuters) – BHP Group Ltd cut its annual copper production outlook on Thursday as operations at its Escondida project in Chile were impacted by labour shortages due to rising COVID-19 cases, while road blockades associated with social unrest in the country blocked access to the mine. Chile, the world’s top copper producer, earlier this month …
BHP cuts copper outlook on rising COVID cases, blockades at Chile project Read More »
By Jonathan Stempel and Katanga Johnson NEW YORK/WASHINGTON (Reuters) -MoneyGram International Inc was sued on Thursday by two regulators that said it repeatedly and unfairly violated a federal rule designed to make it easier for people to send money to friends and family outside the United States. The complaint against MoneyGram, one of the largest …
MoneyGram sued by U.S., New York for unfair remittance transfers Read More »
(Reuters) – Melvin Capital Management is planning to shrink to $5 billion from the $8.7 billion it managed at the end of March, aiming to become more nimble to seek better returns, said a source familiar with the matter. Melvin, which lost nearly $7 billion early last year by betting on stocks like GameStop would …
Melvin Capital to shrink after GameStop losses -source Read More »
