Reuters US Economy

By Jonathan Stempel NEW YORK (Reuters) -A U.S. judge on Monday ordered Argentina to give up its 51% stake in oil and gas company YPF to partially satisfy a $16.1 billion court judgment, handing a defeat to the cash-strapped country. U.S. District Judge Loretta Preska in Manhattan said Argentina must transfer its YPF shares within …

US judge orders Argentina, facing $16.1 billion judgment, to give up YPF stake Read More »

By Fergal Smith (Reuters) -Canada’s main stock index rose on Monday to a record high, helped by gains for financial and gold mining shares, as the resumption of trade talks between Canada and the United States cheered investors. The S&P/TSX composite index ended up 164.79 points, or 0.6%, at 26,857.11, eclipsing the record closing high …

TSX adds to second-quarter gain as trade talks resume Read More »

By Sukriti Gupta, Sanchayaita Roy and Shashwat Chauhan (Reuters) -European stocks ended lower in broad-based declines on Monday, closing out June with monthly losses as investors monitored for signs of any progress on U.S. trade talks as the July tariff deadline loomed large. The pan-European STOXX 600 index closed 0.4% lower, clocking a more than …

European shares see monthly declines as markets eye trade developments Read More »

NAIROBI (Reuters) -Kenya’s inflation was at 3.8% year-on-year in June, same level as the previous month, the statistics office said on Monday. Inflation was primarily driven by the rise in prices of items such as food and non-alcoholic beverages, transport and housing, the Kenya National Bureau of Statistics said in a statement. Monthly inflation was …

Kenya inflation at 3.8% year-on-year in June Read More »

(Reuters) -Aerospace supplier TransDigm Group said on Monday it will acquire Simmonds Precision Products from defense contractor RTX Corp for about $765 million in cash. Simmonds makes fuel and proximity sensing and structural health monitoring products for the aerospace and defense industry. Cleveland, Ohio-based TransDigm supplies aircraft components such as cockpit security systems and engine …

TransDigm to buy proximity sensor maker Simmonds for $765 million Read More »