By Joey Roulette WASHINGTON (Reuters) -The U.S. Federal Aviation Administration on Friday granted a long-awaited license allowing Elon Musk’s SpaceX to launch its Starship rocket to orbit for the first time, clearing the way for a test flight crucial to the company’s goals in space. “After a comprehensive license evaluation process, the FAA determined SpaceX…
By Tyler Clifford (Reuters) – Former U.S. Secretary of State Mike Pompeo said on Friday he will not enter the 2024 presidential race, which would have pitted him against his former boss Donald Trump for the Republican nomination. Pompeo, 59, said he decided with his wife that he would not be a candidate for the…
By Stephen Culp NEW YORK (Reuters) – Wall Street ended lower on Friday as a barrage of mixed economic data appeared to affirm another Federal Reserve interest rate hike, dampening investor enthusiasm after a series of big U.S. bank earnings launched first-quarter reporting season. All three major U.S. stock indexes ended in the red, but…
By Andrew Chung WASHINGTON (Reuters) -U.S. Supreme Court Justice Samuel Alito on Friday temporarily halted lower court rulings that set limits on access to the abortion pill mifepristone, giving the nation’s top judicial body time to weigh a bid by President Joe Biden’s administration to defend the drug amid a challenge by anti-abortion groups. The…
NEW YORK (Reuters) – Societe Generale SA agreed to pay $105 million to settle U.S. investor litigation accusing the French bank of violating antitrust law by conspiring with rivals to rig Euribor, a key European interest rate benchmark. A preliminary settlement was filed late Friday with the U.S. District Court in Manhattan, and requires a…
By Andrea Shalal WASHINGTON (Reuters) -International Monetary Fund chief Kristalina Georgieva said on Friday that debtors and creditors made “tangible progress” on debt restructuring issues this week, but urged countries facing mounting debt problems to seek help earlier in the process. A new sovereign debt roundtable was helping to accelerate work on debt restructurings, Georgieva…
BRASILIA (Reuters) – Brazil’s Planning Ministry announced on Friday a zero primary deficit target for 2024, but stated that 172 billion reais ($35.03 billion) in government spending depends on the approval of a proposed new fiscal framework. In a statement about the 2024 budget bill sent to Congress, the ministry said the new fiscal rules…
By Rod Nickel and Steve Scherer OTTAWA (Reuters) – Canadian Prime Minister Justin Trudeau’s top aide on Friday refused to say when Trudeau first learned about allegations that China tampered with recent elections, citing security concerns. Canadian authorities have started several investigations into the allegations of interference in Canada’s 2019 and 2021 elections, accusations that…
By Hannah Lang, Chris Prentice and Ann Saphir (Reuters) – The Federal Reserve’s Board of Governors on Friday said it has approved UBS Group AG’s acquisition of the U.S. subsidiaries of Credit Suisse, clearing another major hurdle for the completion of the Swiss-brokered rescue deal. UBS has committed to give the U.S. central bank…
By Caroline Valetkevitch NEW YORK (Reuters) – As quarterly U.S. earnings got under way with upbeat reports from JPMorgan Chase & Co and other major banks Friday, analysts marginally brightened their dim outlook for first-quarter U.S. results compared with a week ago. Based on actual results from 30 of the S&P 500 companies and estimates…
