By Mike Dolan LONDON (Reuters) – The modest reaction of global markets to the shock of another Middle East war says more about an investment world already braced for more turbulent times than nonchalance per se. Even by the standards of recent decades, the speed with which investors shifted focus away from the deadly weekend …
Column-Inured to edgy geopolitics, markets deflect risk :Mike Dolan Read More »
(Reuters) – The Washington Post plans to offer voluntary separation packages to employees across all functions, a company spokesperson said on Tuesday, as the newspaper looks to trim staff. The Post, which earlier in the day reported that voluntary buyouts to its staff was in an effort to reduce headcount by 240, did not offer …
Washington Post will offer buyouts to employees to reduce staff Read More »
By Valerie Volcovici WASHINGTON (Reuters) – The union representing U.S. carpenters has asked the Biden administration to ensure hydrogen projects powered by existing nuclear power plants will be able to access lucrative subsidies for clean fuel under the Inflation Reduction Act. The half-million-member United Brotherhood of Carpenters and Joiners of America (UBC) is the latest …
Labor group urges Biden to ease limits on hydrogen subsidies Read More »
By Ann Saphir (Reuters) -It’s “possible” that the recent rise in yields on longer-term Treasuries means the Federal Reserve need not raise interest rates as much as otherwise, but it’s hard to know definitively, Minneapolis Fed President Neel Kashkari said on Tuesday. “It’s certainly possible that higher long-term yields may do some of the work …
Kashkari: ‘possible’ higher bond yields mean Fed can do less Read More »
By Douglas Gillison (Reuters) -Wall Street’s top regulator on Tuesday said it has tightened the timeline for investors to disclose 5% ownership stakes in companies they intend to control, shortening the allowed window from 10 calendar days to five business days. The five-member U.S. Securities and Exchange Commission voted 4-1 to adopt the changes. Officials …
US SEC shortens deadline to disclose 5% stock ownership to 5 days Read More »
BOGOTA (Reuters) – Colombia’s majority state-owned oil company Ecopetrol has opened a marketing and trading subsidiary in the United States as it looks to build its client base in North America, it said on Tuesday. Ecopetrol US Trading is located in Houston, Texas, and will strengthen the company’s relationships with clients via a local support …
Colombia’s Ecopetrol opens US trading unit in Houston Read More »
(Reuters) – The International Monetary Fund raised its 2023 output growth estimate for Latin America and the Caribbean to 2.3% from July’s 1.9% due to faster expected growth in Brazil and Mexico, the fund said in a report on Tuesday. The 2.3% estimate for 2023 follows growth of 4.1% last year, said the IMF, with …
IMF lifts Latam, Caribbean 2023 GDP growth estimate to 2.3% Read More »
(Reuters) – The Russian rouble dived towards 101 against the dollar on Tuesday, heading back towards a more than 18-month low reached in the previous session, under pressure from domestic demand for foreign currency and a drop in oil prices. At 0743 GMT, the rouble was 1.2% weaker against the dollar at 100.48. It fell …
Russian rouble dives back towards over 18-month low vs dollar Read More »
By Daina Beth Solomon MEXICO CITY (Reuters) -Mexico’s antitrust watchdog, Cofece, said it has summoned a supermarket retailer to respond to findings of “probable responsibility” for competition law violation, and Walmart’s Mexico unit announced it was facing such a probe. A source familiar with the matter said the company in question was Walmart’s Mexico unit, …
Mexico antitrust body summons Walmart over alleged anticompetitive practices Read More »
By Niket Nishant, Lananh Nguyen, Manya Saini and Jaiveer Shekhawat (Reuters) – Several U.S. banks have told their staff in Israel to work from home for the near future as the country goes on war footing and mobilises reserve troops following a deadly attack by Palestinian Islamist group Hamas two days ago. JPMorgan Chase, the …
Several US big banks allow staff in Israel to work from home Read More »
