AUSTIN, Texas (AP) — Texas Gov. Greg Abbott on Friday repealed his traffic-clogging immigration order that backed up commercial trucks at the U.S.-Mexico border, after a week of intensifying backlash and fears of deepening economic losses. The Republican governor dropped his new rules that had required all commercial trucks from Mexico to undergo extra inspections…
NEW YORK (Reuters) – Net foreign inflows into Treasuries rose for a fourth straight month in February in the amount of $75.3 billion, data from the U.S. Treasury department showed on Friday. Of that, private overseas investors bought $91.9 billion in Treasuries and foreign official institutions sold $16.2 billion. Foreigners have bought Treasuries in 10…
By Greg Roumeliotis and Krystal Hu (Reuters) -Twitter Inc adopted a ‘poison pill’ on Friday, a standard takeover defense that limits Elon Musk’s ability to raise his stake in the social media platform, as a buyout firm emerged to challenge his $43 billion bid for the company. Thoma Bravo, a technology-focused private equity firm that…
By Ross Kerber and Sheila Dang (Reuters) – Elon Musk, Twitter’s newest big shareholder, could alter the course of the social media company as management battles a set of proxy proposals focused on topics from civil rights to politics at its upcoming annual meeting, shareholder activists and corporate governance experts said. Whatever the outcome of…
(Reuters) – Belarus on Friday announced a ban on trucks registered in the European Union from entering its territory, Interfax news agency quoted the transport ministry as saying. (Reporting by Reuters; Editing by Conor Humphries)
(Reuters) -Twitter Inc on Friday adopted a limited-duration shareholder rights plan to protect itself from billionaire entrepreneur Elon Musk’s $43 billion cash takeover offer. Musk made the bid on Wednesday in a letter to the board of Twitter- the micro-blogging platform that has become a global means of communication for individuals and world leaders –…
(Reuters) – Fears of being targeted by Western sanctions are deterring Russian brokerages from helping Sberbank by hosting its clients’ accounts with foreign stocks holdings, three financial market sources told Reuters. The United States imposed full blocking sanctions on Russia’s largest lender Sberbank and the country’s top private bank Alfa Bank last week, exerting pressure…
By Andrea Shalal and Cassandra Garrison WASHINGTON (Reuters) -The board of governors of the Inter-American Development Bank has approved a resolution to hire an outside firm to investigate allegations that IDB President Mauricio Claver-Carone had an inappropriate relationship with a subordinate, sources familiar with the decision said on Thursday. Some countries were still voting on…
DETROIT (AP) — Two years after the pandemic tore through the economy, America’s auto market looks something like this: Prices are drastically up. Supply is drastically down. And gasoline costs drastically more. The result? A widening disparity between the richest buyers and everyone else. The most affluent buyers keep plunking down big money for new…
(Reuters) – The Russian central bank has imposed foreign exchange controls to support liquidity but aims to preserve market pricing principles and a rouble exchange rated determined by the market, the bank’s first deputy governor said on Friday. Ksenia Yudayeva said the Russian economy and its financial sector were in good shape before Feb. 24,…
