(Reuters) – A U.S. federal court issued a decree to restrict the production and sale of Philips’ new sleep apnea machines at several facilities in the country, the Food and Drug Administration said on Tuesday. The U.S. District Court for the Western District of Pennsylvania has entered into what is known as a consent decree …
US federal court orders to restrict production of Philips’ sleep apnea devices Read More »
(Reuters) – Investment platform Linqto has agreed to go public through a merger with special purpose acquisition company (SPAC) Blockchain Coinvestors Acquisition in a deal valued at $700 million, the companies said on Tuesday. San Jose, California-based Linqto, which has more than 750,000 users in 110 countries, allows users to make investments in unicorns – …
Investment platform Linqto to go public via $700 million SPAC deal Read More »
(Reuters) – Two complaints launched by the United States about the denial of labor rights at separate Mexican facilities have been successfully resolved, the office of the U.S. Trade Representative said on Tuesday. Washington, using a chapter of the U.S.-Mexico-Canada trade agreement, had asked Mexico to address complaints at both the Teklas automotive facility at …
US says labor complaints against Mexican facilities have been resolved Read More »
(Reuters) – MP Materials said Australian billionaire Gina Rinehart’s mining firm has taken a 5.3% stake in the company, adding to her rare earth investments. In a regulatory filing last week, the Las-Vegas based miner said Hancock Prospecting, owned by Australia’s richest person Rinehart, holds about 8.8 million shares of MP Materials. MP Materials, the …
Australian billionaire Rinehart’s firm takes stake in US miner MP Materials Read More »
(Reuters) – U.S. power consumption will rise to record highs in 2024 and 2025, the U.S. Energy Information Administration (EIA) said in its Short Term Energy Outlook (STEO) on Tuesday. EIA projected power demand will rise to 4,096 billion kilowatt-hours (kWh) in 2024 and 4,125 billion kWh in 2025. That compares with 4,000 billion kWh …
US power use forecast to reach record highs in 2024 and 2025 Read More »
ANKARA (Reuters) -Turkey will restrict exports of a wide range of products to Israel, including steel and jet fuel, until a ceasefire is declared in Gaza, the Turkish Trade Ministry said on Tuesday, in Ankara’s first significant measure against Israel after six months of war. Turkey has denounced Israel for its campaign on Gaza, which …
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FRANKFURT (Reuters) – Euro zone banks lowered the bar on mortgage approvals last quarter for the first time in over two years but demand for credit kept falling amid high borrowing costs and a stagnant economy, a European Central bank survey showed on Tuesday. The ECB has pushed interest rates to record highs to rein …
Euro zone banks lower bar on mortgages but demand keeps falling – ECB Read More »
By Leika Kihara TOKYO (Reuters) -A year into his job, Bank of Japan Governor Kazuo Ueda said he had achieved a goal he set when taking the helm: changing the bank’s complex monetary stimulus into a simpler framework. Speaking in parliament on Monday, he also said the BOJ would continue with such efforts and set …
A year into his job, Bank of Japan chief Ueda gets 1 mission accomplished Read More »
By Marcela Ayres BRASILIA (Reuters) – Brazil’s government is expected to loosen its fiscal target for 2025 though it will still target a surplus, two sources familiar with the matter told Reuters on Monday. Leftist President Luiz Inacio Lula da Silva’s government currently targets a primary surplus of 0.5% of gross domestic product (GDP). It …
Brazilian government set to loosen 2025 fiscal target, sources say Read More »
By Michael S. Derby (Reuters) – Chicago Federal Reserve President Austan Goolsbee said on Monday the U.S. central bank must weigh how much longer it can maintain its current interest rate stance without it damaging the economy. “You’ve got to pay attention to how long do you want to be that restrictive,” Goolsbee said of …
Fed must weigh impact of restrictive policy stance, Goolsbee says Read More »
