By Clara Denina (Reuters) – Miners will struggle to expand operations in the United States in record time to meet a deadline for sourcing key minerals domestically or from select …
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- Financial News
Dollar remains under pressure as traders reassess rate hike bets
by Reutersby ReutersBy John McCrank NEW YORK – The dollar was slightly lower on Thursday following a 1% loss the previous day when data showed U.S. inflation was not as hot as …
- Financial News
Freeport LNG plant in Texas still pulling in natgas to produce power
by Reutersby Reuters(Reuters) -U.S. liquefied natural gas (LNG) company Freeport LNG said on Thursday it was still pulling in small amounts of natural gas from pipelines at its shuttered LNG export plant …
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By Laura Sanicola (Reuters) – Oil prices settled up more than $2 on Thursday after the International Energy Agency raised its oil demand growth forecast for this year as soaring …
- Financial News
Robinhood must face U.S. market manipulation claims over ‘meme stock’ rally, judge rules
by Reutersby ReutersBy Jody Godoy and Hannah Lang (Reuters) -Stock trading platform Robinhood Markets Inc must face market manipulation claims over restrictions it placed on trading during last year’s “meme stock” rally, …
- Financial News
Nine companies to buy oil from U.S. strategic reserve in latest sale
by Reutersby Reuters(Reuters) -The United States on Thursday said nine companies will buy 20 million barrels of oil in the latest sale from the Strategic Petroleum Reserve as part of the Biden …
- Financial News
Bank of Mexico hikes rates to record 8.5%, moderates tone on future path
by Reutersby ReutersBy Anthony Esposito and Isabel Woodford MEXICO CITY -The Bank of Mexico hiked its benchmark interest rate by three-quarters of a percentage point to a record 8.5% on Thursday, mirroring …
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South Korea, China clash over U.S. missile shield, complicating conciliation
by Reutersby ReutersBy Hyonhee Shin SEOUL -China and South Korea clashed on Thursday over a U.S. missile defence shield, threatening to undermine efforts by the new government in Seoul to overcome longstanding …
- Financial News
ValueAct takes stake in NYTimes, says paper could grow strongly
by Reutersby ReutersBy Svea Herbst-Bayliss (Reuters) -ValueAct Capital Management disclosed on Thursday it has built a nearly 7% stake in the New York Times Co and thinks the newspaper company could grow …
- Top HeadlinesUS and World News
A year after Biden’s Afghanistan exit, accountability in short supply
by Reutersby Reuters(This August 10 story has been refiled to make clear in paragraph 17 Austin chose to impose no accountability) By Idrees Ali and Jonathan Landay WASHINGTON – As weary U.S. …
- Financial News
Heavy-duty truck group drops lawsuit against California air regulators
by Reutersby ReutersBy David Shepardson WASHINGTON -A group representing heavy-duty truck and engine companies withdrew a lawsuit over emissions standards rollouts that it filed against the California Air Resources Board (CARB), court …
- Financial News
Fed officials say more rate hikes needed, despite slowing inflation
by Reutersby ReutersBy Ann Saphir and Howard Schneider (Reuters) -Slowing U.S. inflation may have opened the door for the Federal Reserve to temper the pace of coming interest rate hikes, but policymakers …
- Top HeadlinesUS and World News
Flush with wins, finally COVID-free, Biden to hit the road ahead of U.S. midterms
by Reutersby ReutersBy Jarrett Renshaw KIAWAH ISLAND, S.C. -President Joe Biden plans to travel across the United States in the coming weeks to tout a series of legislative wins on climate change, …
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North Korea declares victory over COVID, suggests leader Kim had it
by Reutersby ReutersBy Hyonhee Shin and Josh Smith SEOUL -North Korean leader Kim Jong Un has declared victory over COVID-19 and his sister indicated that he too caught the virus, while vowing …
- Financial News
German regulator fines Bank of America $5.3 million for reporting delays
by Reutersby ReutersFRANKFURT -Germany’s financial market regulator BaFin said on Thursday that it had fined Bank of America 5.1 million euros ($5.28 million) for delays in reporting voting rights notifications. Bank of …
- Financial News
U.S. startup valuations contract as early-stage investors turn cautious
by Reutersby ReutersBy Niket Nishant and Mehnaz Yasmin (Reuters) – U.S. startups seeking early-stage funding saw a decline in their valuations in the second quarter, as jittery venture capital investors urge founders …
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LONDON – Canadian investor Brookfield said former Bank of England Governor Mark Carney will become chair of its asset management division when it separately lists on the Toronto and New …
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Kenyans anxious for news on next president, two days after tight vote
by Reutersby ReutersBy George Obulutsa and Ayenat Mersie NAIROBI/ELDORET, Kenya -Kenyans crowded round radios and televisions on Thursday, increasingly anxious for news of who their next president might be, two days after …
- Financial News
U.S. SEC investigating hedge fund Melvin Capital Management – WSJ
by Reutersby Reuters(Reuters) – The U.S. securities regulator is looking into Melvin Capital Management’s risk controls and investor disclosures after the hedge fund was hammered by the meme-stock rally last year, the …
- Top HeadlinesUS and World News
Exclusive-Rotavirus childhood vaccine shortage hits four African countries
by Reutersby ReutersBy Jennifer Rigby LONDON – Supplies of a vaccine to prevent the deadly rotavirus infection in children have either run out in Kenya, Tanzania, Senegal and Cameroon or are close …
- Financial News
Exclusive – U.S. rethinks steps on China tariffs in wake of Taiwan response – sources
by Reutersby ReutersBy Jeff Mason and David Lawder WASHINGTON – China’s war games around Taiwan have led Biden administration officials to recalibrate their thinking on whether to scrap some tariffs or potentially …
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By Shreyashi Sanyal, Anisha Sircar and Yohann M Cherian (Reuters) – European shares edged higher on Thursday after a strong rally in the previous session on signs of U.S. inflation …
- Financial News
Airlines cancel over 600 flights in U.S. as thunderstorms hit Texas
by Reutersby ReutersBy Nathan Gomes (Reuters) – Airlines canceled more than 600 flights in the United States on Thursday morning, as thunderstorms in Texas disrupted operations at one of the busiest airports …
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Trump declines to answer questions in N.Y. attorney general investigation
by Reutersby ReutersBy Karen Freifeld NEW YORK -Former U.S. President Donald Trump said on Wednesday he declined to answer questions during an appearance before New York state’s attorney general in a civil …
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(Reuters) – U.S. producer prices unexpectedly fell in July amid a drop in the cost for energy products and underlying producer inflation appears to be on a downward trend, while …