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  • Financial News

    EU, South Korea say U.S. plan for EV tax breaks may breach WTO rules

    by Reuters August 11, 2022
    by Reuters August 11, 2022

    By John Chalmers and Hyunjoo Jin BRUSSELS -The European Union and South Korea have raised concerns about proposed U.S. tax credits for purchases of electric vehicles, saying they may discriminate …

  • Financial News

    Credit Suisse steps up $440 million legal dispute with SoftBank

    by Reuters August 11, 2022
    by Reuters August 11, 2022

    (Reuters) -Credit Suisse has applied to the English High Court to initiate formal legal proceedings against Japan’s SoftBank Group Corp in a $440 million dispute over Greensill-linked funds, two sources …

  • Top HeadlinesUS and World News

    Twitter plan to fight midterm misinformation falls short, voting rights experts say

    by Reuters August 11, 2022
    by Reuters August 11, 2022

    By Sheila Dang (Reuters) -Twitter Inc on Thursday set out a plan to combat the spread of election misinformation that revives previous strategies, but civil and voting rights experts said …

  • Financial News

    Refiner Citgo Petroleum posts record $1.28 billion profit

    by Reuters August 11, 2022
    by Reuters August 11, 2022

    HOUSTON -U.S. oil refiner Citgo Petroleum on Thursday reported second quarter earnings that surged to $1.28 billion, the highest quarterly profit in its history, on higher crude processing volumes and …

  • Financial News

    Brazil’s B3 profit falls, as trading volumes dim and costs rise

    by Reuters August 11, 2022
    by Reuters August 11, 2022

    SAO PAULO -Brazilian stock exchange operator B3 SA Brasil Bolsa Balcao on Thursday reported an 8.5% decline in second-quarter net profit, as higher interest rates pulled more money out of …

  • Financial News

    Nasdaq, S&P 500 retreat as rate hike fears cool stock rally

    by Reuters August 11, 2022
    by Reuters August 11, 2022

    By Herbert Lash and Bansari Mayur Kamdar NEW YORK -The Nasdaq and S&P 500 retreated to close lower on Thursday on the realization the Federal Reserve still needs to aggressively …

  • Financial News

    U.S. appeals court rejects GM racketeering suit against Fiat Chrysler

    by Reuters August 11, 2022
    by Reuters August 11, 2022

    By David Shepardson (Reuters) -A U.S. appeals court on Thursday upheld a 2020 ruling that tossed out a racketeering lawsuit filed by General Motors Co against rival Fiat Chrysler Automobiles …

  • Financial News

    Canada Goose results thrive as luxury demand defies inflation

    by Reuters August 11, 2022
    by Reuters August 11, 2022

    By Ananya Mariam Rajesh (Reuters) -Canada Goose Holdings Inc on Thursday surpassed Wall Street targets for quarterly results after affluent consumers undeterred by decades-high inflation snapped up its luxury parkas …

  • Top HeadlinesUS and World News

    Brazil pro-democracy manifestos aim to curb Bolsonaro’s election threats

    by Reuters August 11, 2022
    by Reuters August 11, 2022

    By Lisandra Paraguassu and Maria Carolina Marcello SAO PAULO -Brazilian business leaders, intellectuals and artists gathered on Thursday to read manifestos defending democratic institutions after attacks by President Jair Bolsonaro …

  • Financial News

    Brazil banks do not lose money with Pix, says central bank

    by Reuters August 11, 2022
    by Reuters August 11, 2022

    BRASILIA -Brazil’s central bank chief Roberto Campos Neto said on Thursday it is not true that banks lose money with the Pix instant payment system, launched by policymakers in late …

  • Financial News

    Brazil’s Magazine Luiza posts Q2 adjusted net loss hit by high interest rates

    by Reuters August 11, 2022
    by Reuters August 11, 2022

    SAO PAULO -Brazilian retailer Magazine Luiza SA posted on Thursday an adjusted net loss of 112.1 million reais ($21.76 million), posting a loss for the second straight quarter as its …

  • Financial News

    EV maker Rivian says its current models will not qualify for tax breaks

    by Reuters August 11, 2022
    by Reuters August 11, 2022

    By Akash Sriram and Paul Lienert (Reuters) -Electric-vehicle maker Rivian Automotive Inc on Thursday forecast a wider operating loss for the year and also said many of its current models …

  • Top HeadlinesUS and World News

    Peloton must face lawsuit over availability of fitness classes–U.S. judge

    by Reuters August 11, 2022
    by Reuters August 11, 2022

    By Jonathan Stempel NEW YORK -A U.S. judge on Thursday said Peloton Interactive Inc must face a proposed class action lawsuit accusing the bike and treadmill maker of misleading customers …

  • Financial News

    MSCI to add 13 securities to its ACWI index, and delete 8 securities

    by Reuters August 11, 2022
    by Reuters August 11, 2022

    (Reuters) -Index provider MSCI said on Thursday that 13 securities will be added to and eight deleted from its widely followed ACWI index as part of its quarterly index review. …

  • Financial News

    Exclusive – Uniper could swap Australian LNG for Atlantic gas to supply Europe quicker

    by Reuters August 11, 2022
    by Reuters August 11, 2022

    By Vera Eckert and Marwa Rashad FRANKFURT/LONDON – Germany’s Uniper is prepared to swap liquefied natural gas (LNG) it gets from Australia’s Woodside for U.S. gas, so it can boost …

  • Financial News

    California high-speed rail wins $25 million U.S. grant, seeks $1.3 billion more

    by Reuters August 11, 2022
    by Reuters August 11, 2022

    By David Shepardson WASHINGTON – California’s High-Speed Rail Authority said Thursday it won $25 million in new federal grant funding to advance its project beyond 119 miles under construction, while …

  • Top HeadlinesUS and World News

    California high-speed rail wins $25 million U.S. grant, seeks $1.3 billion more

    by Reuters August 11, 2022
    by Reuters August 11, 2022

    By David Shepardson WASHINGTON – California’s High-Speed Rail Authority said Thursday it won $25 million in new federal grant funding to advance its project beyond 119 miles under construction, while …

  • Financial News

    Toronto market closes up at 2-month high as oil prices rally

    by Reuters August 11, 2022
    by Reuters August 11, 2022

    By Fergal Smith (Reuters) – Canada’s main stock index rose on Thursday, closing at a the highest in two months as higher oil prices bolstered energy shares, but an uncertain …

  • Financial News

    Argentina to give tax, customs benefits to oil companies

    by Reuters August 11, 2022
    by Reuters August 11, 2022

    BUENOS AIRES -Argentina is planning to give tax and customs benefits to oil companies so they can boost production, the country’s new economy “superminister” said on Thursday. The move comes …

  • Financial News

    Two lawmakers ask U.S. regulator about Tesla crashes, safety probes

    by Reuters August 11, 2022
    by Reuters August 11, 2022

    By David Shepardson WASHINGTON – Two U.S. lawmakers who chair subcommittees overseeing auto safety asked the federal auto safety regulator for a briefing on its probes into crashes involving Tesla …

  • Financial News

    Stocks lose ground, Treasury yields climb after inflation data

    by Reuters August 11, 2022
    by Reuters August 11, 2022

    By SinĂ©ad Carew NEW YORK – The S&P 500 and Nasdaq finished in the red while Treasury yields rose as investors digested signs of cooling U.S. inflation and hopes the …

  • Financial News

    Inflation steers budget shoppers away from Walmart. Bringing them back may not be easy

    by Reuters August 11, 2022
    by Reuters August 11, 2022

    By Arriana McLymore and Siddharth Cavale (Reuters) – Walmart Inc could face an uphill battle to reclaim U.S. shoppers who opted for the neighborhood dollar store or Aldi rather than …

  • Top HeadlinesUS and World News

    U.S. CDC no longer recommends students quarantine for COVID-19 exposure

    by Reuters August 11, 2022
    by Reuters August 11, 2022

    (Reuters) -The U.S. Centers for Disease Control and Prevention will no longer recommend quarantines or test-to-stay programs at schools or daycare centers for people exposed to COVID-19, the agency said …

  • Financial News

    Analysis: Antitrust rules, Petro-Canada profits may hinder Suncor from selling unit

    by Reuters August 11, 2022
    by Reuters August 11, 2022

    By Divya Rajagopal and Rod Nickel TORONTO – Suncor Energy could reap over $8 billion and boost returns to unhappy shareholders if it sells its Petro-Canada gas station business, but …

  • Top HeadlinesUS and World News

    San Francisco metro system hires bird of prey to scare pigeons away

    by Reuters August 11, 2022
    by Reuters August 11, 2022

    By Nathan Frandino (Reuters) – Metro system riders in California’s San Francisco Bay Area may have noticed a new station guard in recent months. A 5-year-old Harris’s hawk named Pac-Man …

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