MIAMI (AP) — The Biden administration is ratcheting up pressure on President Daniel Ortega’s authoritarian rule in Nicaragua, threatening a ban on Americans from doing business in the nation’s gold industry, raising the possibility of trade restrictions and stripping the U.S. visas of some 500 government insiders. The actions, stemming from an executive order signed…
By Stephanie Kelly (Reuters) – Oil prices edged higher on Tuesday, reversing some of the previous session’s losses, as the U.S. dollar eased, while weaker U.S. business activity data lowered expectations for more aggressive interest rate hikes in the world’s biggest economy. International benchmark Brent crude futures gained 12 cents to $93.38 per barrel by…
By Jonathan Stempel, Sarah N. Lynch and Karen Freifeld NEW YORK (Reuters) -U.S. prosecutors said on Monday they have charged two Chinese nationals with trying to obstruct prosecution of a Chinese telecommunications company that a person familiar with the matter identified as Huawei Technologies Co Ltd . Prosecutors said the case is representative of a…
(Reuters) – U.S. President Joe Biden’s administration ratcheted up economic pressure on Nicaraguan President Daniel Ortega’s government on Monday through a series of steps targeting the country’s mining, gold and other sectors. Biden signed an executive order that includes the authority to ban U.S. companies from doing business in Nicaragua’s gold industry, while the U.S….
SAO PAULO (Reuters) – Brazilian pulpmaker Suzano SA said on Monday it reached a deal to buy Kimberly-Clark’s tissue paper operations in the country. In a securities filing, Suzano said the main asset included in the deal is a tissue production plant located in Sao Paulo state. The unit has an annual production capacity of…
By Chris Prentice and Amanda Cooper WASHINGTON/LONDON (Reuters) – U.S. shares extended last week’s rally and European shares climbed on Monday as signs of a cooling U.S. economy stoked hopes that the Federal Reserve will slow its pace of rate hikes. The Dow Jones Industrial Average rose 1.34%, the S&P 500 gained 1.19% and the…
By David Shepardson WASHINGTON (Reuters) – General Motors Co will launch its return-to-work plan for most salaried workers early next year after it faced employee criticism over an earlier planned start date, the largest U.S. automaker said on Monday. GM said the shift will help achieve company goals as it accelerates its transformation and enters…
By Hilary Russ NEW YORK (Reuters) -Yum Brands Inc on Monday said that it reached a deal to sell its KFC restaurants in Russia to a local operator there, paving a path to fully exit the country. The restaurant operator, which also owns the Taco Bell and Pizza Hut brands, will transfer ownership of its…
By Jonathan Stempel, Sarah N. Lynch and Karen Freifeld NEW YORK (Reuters) – U.S. prosecutors have charged two Chinese nationals with trying to obstruct the prosecution of Chinese global telecommunications company Huawei Technologies Co Ltd, according to a person familiar with the case and a federal court filing in Brooklyn. The defendants Guochun He and…
By Hyunjoo Jin SAN FRANCISCO (Reuters) -South Korea’s Mirae Asset Financial Group is planning to commit about 300 billion Korean won ($208 million) to help finance Elon Musk’s $44-billion buyout of Twitter Inc, a person familiar with the matter told Reuters on Monday. The deal with Mirae is expected to be finalized in the coming…
