By Medha Singh (Reuters) -Shares of Digital World Acquisition Corp, the blank-check company behind former U.S. President Donald Trump’s new social media venture, Truth Social, rose about 14% on Tuesday as the app topped downloads on Apple’s App Store after its launch late on Sunday. Truth Social was downloaded 170,000 times since its launch, according…
BRASILIA (Reuters) – Brazil’s central bank chief Roberto Campos Neto said on Tuesday that higher interest rates are supporting financial inflows, strengthening the Brazilian currency. Addressing a conference hosted by investment bank BTG Pactual, he also said positive fiscal figures are helping to attract investment to the country, among other reasons that explain the recent…
By Lawrence White, Alexandra Schwarz-Goerlich and Iain Withers LONDON/VIENNA/WASHINGTON (Reuters) -European banks on Tuesday were bracing for fallout and fresh sanctions after Russia ordered troops into breakaway regions of eastern Ukraine, with HSBC warning of market contagion and Austria’s Raiffeisen Bank International preparing “crisis plans”. In the United States, on the other hand, banking executives…
By Hari Kishan and Jonathan Cable BENGALURU (Reuters) – Global stock markets were already headed for a volatile year with modest gains even before the latest escalation of the Russia-Ukraine crisis, according to a Reuters poll of around 120 equity market analysts and brokers around the world. Russian President Vladimir Putin’s decision on Monday to…
DETROIT (AP) — Elon Musk and his lawyers are escalating their fight with U.S. securities regulators, with a lawyer accusing them of leaking investigative information, and the Tesla CEO alleging on Twitter that government corruption is being exposed. Musk’s tweet early Tuesday and a Monday letter from Musk lawyer Alex Spiro to a federal judge…
By John Chalmers, Sabine Siebold and Robin Emmott BRUSSELS (Reuters) -The European Union agreed new sanctions on Russia that will blacklist more politicians, lawmakers and officials, ban EU investors from trading in Russian state bonds, and target imports and exports with separatist entities. However, EU foreign ministers chose not to sanction Russian President Vladimir Putin,…
PARIS (AP) — Foreign ministers from Indo-Pacific nations attended a Paris conference Tuesday aimed at bringing the region, an important partner for trade and exports, squarely into Europe’s focus in a rapidly changing world with rising security challenges. New Zealand, India, South Korea, Japan and a clutch of other Asian nations were represented at the…
MacKenzie Scott’s $50 million gift to the National 4-H Council, which the youth-focused nonprofit called “transformational,” is part of a new batch of the philanthropist’s donations now coming to light. The donation to the organization, which supports the 120-year-old youth development program, is the second largest gift known to have been made by Scott since…
By Aditi Sebastian and Uday Sampath Kumar (Reuters) -Home Depot Inc on Tuesday indicated that it expects gross profit margins to remain under pressure through the year as it spends aggressively to deal with supply-chain bottlenecks and get building tools and materials to store shelves faster. Shares of the largest U.S. home improvement chain tumbled…
By Susan Mathew and Devik Jain (Reuters) – Wall Street’s main indexes slipped on Tuesday as shares of Home Depot slumped after earnings, while the prospect of harsh Western sanctions against Russia over its conflict with Ukraine kept investors on edge. Seven out of the 11 major S&P 500 sectors were lower, with consumer discretionary…
