WELLINGTON (Reuters) – The World Bank said on Tuesday that it had approved a fisheries project in the Solomon Islands, its third new project announced for the Pacific country in as many weeks. The $13.5 million project will strengthen regional fisheries management to better protect it from illegal fishing, according to the World Bank. It…
By Chuck Mikolajczak NEW YORK (Reuters) – U.S. equities tumbled on Monday, with the S&P 500 confirming it is in a bear market, as fears grow that the expected aggressive interest rate hikes by the Federal Reserve would push the economy into a recession. The benchmark S&P index has fallen for four straight days, with…
It’s a Jack and Coke with no bartender required. Coca-Cola Co. said Monday it’s partnering with Brown-Forman Corp., the maker of Jack Daniel’s Tennessee Whiskey, to sell premixed cocktails. The canned Jack and Coke will be sold globally after a launch in Mexico late this year. A zero-sugar version will also be available. “This relationship…
SAN SALVADOR (Reuters) – El Salvador’s Finance Minister Alejandro Zelaya on Monday dismissed concerns that a sharp drop in the value of bitcoin could hurt the Central American nation’s fiscal health. El Salvador last September became the first country to make bitcoin a legal tender, alongside the U.S. dollar, despite criticism by the International Monetary…
WASHINGTON (Reuters) -A bipartisan group of lawmakers said on Monday they have agreed on a proposal that would give the U.S. government sweeping new powers to block billions in U.S. investment into China, although the measure is part of a broader bill with an uncertain future. The provision is part of broadbased legislation to boost…
By Koh Gui Qing and Saikat Chatterjee NEW YORK (Reuters) -Global stocks and government bonds plunged again on Monday and the dollar hit two-decade highs, as red-hot U.S. inflation fuelled worries about even more aggressive policy tightening in a big week for central banks. Underscoring concerns that tighter monetary conditions may cool the U.S. economy…
By Caroline Valetkevitch NEW YORK (Reuters) -The S&P 500 ended more than 20% below its Jan. 3 record closing high on Monday, confirming a bear market for the benchmark as investors sold stocks amid worries over whether the Federal Reserve will be able to tame inflation without triggering a recession. A close of more than…
By Lisa Richwine and Dawn Chmielewski LOS ANGELES (Reuters) – Fourteen Middle Eastern and Asian countries will not show Walt Disney Co’s new Pixar movie “Lightyear” when it hits theaters this week, a source familiar with the matter said on Monday. The United Arab Emirates said it banned the film because the movie includes a…
(Reuters) – Bitcoin dropped 12.1% to $23,366 at 2002 GMT on Monday, losing $3,218.95 from its previous close. Bitcoin, the world’s biggest and best-known cryptocurrency, is down 51.6% from the year’s high of $48,234 on March 28. Ether, the coin linked to the ethereum blockchain network, dropped 13.62 % to $1,237.72 on Monday, losing $195.18…
By Dietrich Knauth (Reuters) – LATAM Airlines Group SA, the largest air transport group in Latin America, on Monday asked a bankruptcy judge to approve $2.75 billion in new loans to fund the company’s exit from Chapter 11. U.S. Bankruptcy Judge James Garrity in Manhattan will review the request during a court hearing on June…
