Today: May 08, 2024
Today: May 08, 2024

Economy

Argentine unions strike to protest Milei reforms, pressure lawmakers

BUENOS AIRES (Reuters) -Argentina's oilseed and maritime worker unions kicked off a strike on Monday to protest a labor reform bill backed by radical libertarian President Javier Milei, which

Argentine unions strike to protest Milei reforms, pressure lawmakers

Seasonal US fuel demand hits pandemic lows, weighs on refining margins

U.S. gasoline and diesel demand are at their weakest seasonal level since the 2020 coronavirus pandemic, data from the Energy Information Administration showed on

Seasonal US fuel demand hits pandemic lows, weighs on refining margins

US FDA tightens scrutiny of lab-developed tests with new rule

(Reuters) -The U.S. Food and Drug Administration (FDA) on Monday tightened regulations for clinical laboratories with a new rule that gives it more oversight of diagnostic tests developed by them.

US FDA tightens scrutiny of lab-developed tests with new rule

Oklahoma anti-ESG law blocked by state judge

A judge in Oklahoma blocked a state law that prohibits state pension systems from investing with companies that limit investment in the oil and gas

Oklahoma anti-ESG law blocked by state judge

PIMCO adds bond exposure outside the US on inflation risks

U.S. bond giant PIMCO said on Wednesday it is increasing its bond exposure in developed markets outside the United States as inflation could complicate the

PIMCO adds bond exposure outside the US on inflation risks

The rise and fall of Bill Hwang's Archegos Capital Management

Sung Kook “Bill” Hwang, founder of the $36 billion private investment firm Archegos Capital Management which collapsed spectacularly in 2021, arrived in court on

The rise and fall of Bill Hwang's Archegos Capital Management

Fed's Cook says households, banks, firms largely in solid financial shape

U.S. households, banks and firms are largely in solid financial shape, with the means at hand to cover debt payments and with strong enough buffers to absorb

Fed's Cook says households, banks, firms largely in solid financial shape

US sues Hyundai, Kia finance arm for repossessing service members' vehicles

The U.S. government on Wednesday sued Hyundai and Kia's American financing arm, accusing it of repossessing vehicles leased by military service members without first

US sues Hyundai, Kia finance arm for repossessing service members' vehicles

Russian missiles pound power plants in central and western Ukraine

By Olena Harmash and Tom Balmforth KYIV (Reuters) -Russian missiles pounded power facilities in central and western Ukraine on Saturday, increasing pressure on the ailing energy system as the country

Russian missiles pound power plants in central and western Ukraine

Thailand's prime minister wants to outlaw cannabis, 2 years after it was decriminalized

The prime minister of Thailand says he wants to outlaw the cannabis over concerns the lack of regulation had made it available to children and increased crimes

Thailand's prime minister wants to outlaw cannabis, 2 years after it was decriminalized

US to announce $6 billion in weapons purchases for Ukraine, US official says

(Reuters) -The United States could announce as soon as Friday new weapons purchases for Ukraine worth $6 billion, a U.S. official said on Thursday.

US to announce $6 billion in weapons purchases for Ukraine, US official says

The $230 billion donor-advised fund industry gets an IRS hearing

Congress and the Biden administration are considering what, if anything, should be done to tighten restrictions on donor-advised funds, an increasingly popular way for donors to set aside money to spend on charitable causes

The $230 billion donor-advised fund industry gets an IRS hearing

Xiaomi locks in over 75,000 orders for SU7 car, targets over 10,000 deliveries in June

Chinese smartphone maker Xiaomi has locked in 75,723 orders for its sporty SU7 electric sedan as of April 24, and aims to deliver over 10,000 units in June, founder Lei Jun said on

Xiaomi locks in over 75,000 orders for SU7 car, targets over 10,000 deliveries in June

Japan's 7-Eleven convenience chain targets aggressive global growth

Japanese retail giant Seven & i Holdings said on Tuesday it wanted to see huge growth for its 7-Eleven convenience store chain globally, and would be accelerating its entry into

Japan's 7-Eleven convenience chain targets aggressive global growth

Intel, Qualcomm say exports to China blocked as Beijing objects

By David Shepardson and Stephen Nellis (Reuters) -Intel said on Wednesday its sales would take a hit after the U.S. revoked some of the chipmaker's export licenses for a customer in China, in a move

Intel, Qualcomm say exports to China blocked as Beijing objects

Solomon Islands' Sogavare says he runs security amid tense wait for new government

Solomon Islands Prime Minister Manesseh Sogavare said he narrowly won his seat and still exercises power over security in the Pacific Islands nation, as he vies with

Solomon Islands' Sogavare says he runs security amid tense wait for new government

Mladic defence seeks his release to Serbia on health grounds

Defence lawyers for Bosnian Serb general Ratko Mladic, who is serving a life sentence for his role in the bloody 1992-95 war in Bosnia, are seeking his urgent release to Serbia

Mladic defence seeks his release to Serbia on health grounds

South Korea welcomes US decision to extend use of Chinese graphite in EVs

South Korea on Wednesday welcomed a U.S. decision to extend automakers' eligibility for electric vehicle tax credits for cars containing Chinese graphite through 2026.

South Korea welcomes US decision to extend use of Chinese graphite in EVs

EU tariffs on Chinese EVs could backfire, German car bosses warn

By Nick Carey and Christina Amann LONDON/BERLIN (Reuters) -Top executives at BMW and Volkswagen on Wednesday warned against imposing EU import duties on electric vehicles from Chinese automakers,

EU tariffs on Chinese EVs could backfire, German car bosses warn

Slow to expand, internet casino gambling is the future of US betting, industry execs say

Internet casino gambling is legal in only a handful of states, but the industry is convinced it is the future of betting, even as some worry about cannibalizing physical casinos

Slow to expand, internet casino gambling is the future of US betting, industry execs say

UPS CFO Brian Newman to step down on June 1, company says

United Parcel Service said on Monday that its CFO and Executive Vice President Brian Newman would leave the company on June 1.

UPS CFO Brian Newman to step down on June 1, company says

Wells Fargo names former JPMorgan executive as co-head of investment bank

(Reuters) -Wells Fargo named former JPMorgan Chase executive Fernando Rivas as co-CEO of its corporate and investment banking (CIB) on Wednesday, as it looks to expand market share on Wall Street.

Wells Fargo names former JPMorgan executive as co-head of investment bank

India waits for details on arrests in Canada over Sikh separatist's murder

By Jatindra Dash BHUBANESWAR, India (Reuters) -India will wait for Canadian police to share information on the three Indian men it has arrested and charged with the murder of a Sikh separatist leader

India waits for details on arrests in Canada over Sikh separatist's murder
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