MEXICO CITY (Reuters) -Grupo Televisa , Mexico’s largest broadcaster, reported on Thursday an 8.6% dip in net profit in the fourth quarter compared with a year earlier due to lower operating segment income and fewer recharges of prepaid packages. The company posted a fourth-quarter net profit of 3 billion pesos ($148 million), compared with 3.3…
WASHINGTON/BRUSSELS (Reuters) – The United States and the European Union have opted not to cut Russia off from the SWIFT global interbank payments system as part of their sanctions against Moscow for invading Ukraine, but could revisit that issue, U.S. President Joe Biden said on Thursday. Asked why that step was not taken, Biden told…
By David Henry and Matt Scuffham NEW YORK (Reuters) – The sale of Citigroup’s Russian consumer bank could be complicated by U.S. sanctions on Russian state bank VTB, the only publicly confirmed bidder, banking sources said on Thursday. Although the Russian business is small for Citigroup, it presents an unwelcome headache for the bank’s Chief…
MOSCOW (Reuters) – Russia’s biggest bank Sberbank said on Friday it was operating normally but was studying the implications of sanctions imposed against it after Russia’s invasion of Ukraine. The bank said its systems were operating as usual and there were no restrictions on withdrawing or depositing roubles and foreign currencies. The U.S. Treasury on…
By Alexandra Alper and Karen Freifeld WASHINGTON (Reuters) -The Biden administration announced sweeping export restrictions against Russia on Thursday, hammering its access to global exports of goods from commercial electronics and computers to semiconductors and aircraft parts. The controls, announced by the Commerce Department and first reported by Reuters, rely on a dramatic expansion of…
CHEYENNE, Wyo. (AP) — Four Rocky Mountain states will cooperate on developing ways to make the most abundant element in the universe, hydrogen, more available and useful as clean-burning fuel for cars, trucks and trains, the states’ governors announced Thursday. Colorado, New Mexico, Utah and Wyoming will plan a “hydrogen hub” to be built somewhere…
DETROIT (Reuters) – Rivian Automotive is “making progress” in the increase of production of electric vehicles at its Normal, Illinois, assembly plant, Chief Executive R.J. Scaringe said on Thursday. (Reporting by Ben Klayman in Detroit; Editing by Leslie Adler)
NEW YORK (Reuters) – The Institute of International Finance, the largest international banking group, said Thursday that U.S. sanctions on Russia “will have a significant impact” on its overall economy and would likely cause it to contract. “Average Russians will feel the (economic) cost” of new sanctions because they could trigger a run on banks…
DETROIT (AP) — A federal judge is refusing to get involved in a letter-writing spat between one of Tesla CEO Elon Musk’s lawyers and U.S. securities regulators, at least for now. In an order issued Thursday, District Judge Alison Nathan in Manhattan denied two requests from Musk attorney Alex Spiro and told him he could…
By Sinéad Carew NEW YORK (Reuters) – Stocks pared losses and the U.S. dollar and oil futures pared gains as U.S. President Joe Biden vowed steep sanctions against Russia for its Ukraine invasion and said the United States is working with oil producers to secure global energy supplies. Biden said that U.S. forces will not…
