SEOUL (Reuters) -Beijing recently asked South Korean companies not to ship products containing China’s rare earth minerals to U.S. defence firms, the Korea Economic Daily reported on Tuesday, citing government and company sources. The report had initially said China’s Ministry of Commerce warned Korean companies they could face sanctions if they violated the export restrictions. …
WASHINGTON (Reuters) -U.S. President Donald Trump said on Tuesday that the crypto industry needs regulatory certainty and clear rules of the road that Securities and Exchange Commission Chairman Paul Atkins will work on providing. “He’s the perfect man to lead this agency at a time when crypto innovators are urgently in need of and they …
By Kylie Madry MEXICO CITY (Reuters) – Executives of Mexican lender Banorte said on Tuesday it would either sell or fuse year-old fintech Bineo, part of a larger overhaul of the bank’s digital strategy to cut costs and simplify operations. CEO Marcos Ramirez told journalists that Bineo, which lost 289 million pesos ($14.12 million) in …
Mexican lender Banorte to scrap unprofitable digital bank Read More »
By Nandita Bose WASHINGTON (Reuters) -President Donald Trump on Tuesday backed off from threats to fire Federal Reserve Chair Jerome Powell after days of intensifying criticisms of the central bank chief for not cutting interest rates. “I have no intention of firing him,” Trump told reporters in the Oval Office on Tuesday. “I would like …
Trump says he has no plans to fire Fed’s Powell; market jumps Read More »
SAO PAULO (Reuters) – JBS SA , the world’s largest meatpacker, called a shareholder meeting for May 23 to vote on its plan to list shares on the New York Stock Exchange, it said in a securities filing on Tuesday. The U.S. listing, which has been in the works for years, would provide access to …
Brazil’s JBS calls shareholder meeting to vote on US listing plan Read More »
By Andrea Shalal WASHINGTON (Reuters) -Given big cuts in development aid by Europe and the United States, think tanks and other groups are urging the World Bank to reduce the equity-to-lending ratio of its main lending arm to free up billions in additional lending capacity. Reducing the equity to lending ratio of the International Bank …
World Bank urged to reduce equity-to-loan ratio to free up funds for poor countries Read More »
By Dietrich Knauth NEW YORK (Reuters) -A U.S. federal court on Tuesday allowed President Donald Trump’s tariffs against a group of small businesses to remain in force for now, saying the businesses had not shown they would immediately be harmed by new taxes on imports. A group of five companies sued the Trump administration last …
US court keeps Trump tariffs in force against group of small businesses Read More »
By Heekyong Yang and Hyunjoo Jin SEOUL (Reuters) -In late March, as investors kept hammering Hyundai Steel shares after the South Korean steelmaker announced a $6 billion investment in the U.S., the company organised a call with a dozen investors to calm nerves over the project that lacked detailed funding plans. “We apologise that the …
By Marcelo Teixeira RIACHAO DAS NEVES, Brazil (Reuters) – In the Brazilian state of Bahia, farmer Moises Schmidt is developing the world’s largest cocoa farm. His plan is to revolutionize the way the main ingredient in chocolate is produced, growing high-yield cocoa trees, fully irrigated and fertilized, in an area bigger than the island of …
Brazil’s would-be cocoa king aims to revolutionize industry with giant farm Read More »
By Suzanne McGee and Michelle Conlin (Reuters) -U.S. President Donald Trump’s social media firm, Trump Media & Technology Group, said on Tuesday it had reached a binding agreement to roll out an array of retail investment products, including crypto, in its latest bid to diversify into financial services. The plan, including a series of exchange-traded …
Trump Media pushes forward with pivot to crypto, ETF plans Read More »
