By David Lawder WASHINGTON (Reuters) – U.S. Treasury Undersecretary Jay Shambaugh met on Friday with China’s new ambassador to the United States, Xie Feng, holding a discussion aimed at maintaining open communications between the world’s two largest economies, the Treasury said. “The meeting was candid, constructive, and part of ongoing efforts to maintain open lines…
By Herbert Lash and Shreyashi Sanyal (Reuters) -U.S. stocks closed higher on Friday after a labor market report showing moderating wage growth in May indicated the Federal Reserve may skip a rate hike in two weeks, while investors welcomed a Washington deal that avoided a catastrophic debt default. The tech-heavy Nasdaq index surged to a…
By Herbert Lash and Shreyashi Sanyal (Reuters) -U.S. stocks closed higher on Friday after a labor market report showing moderating wage growth in May indicated the Federal Reserve may skip a rate hike in two weeks, while investors welcomed a Washington deal that avoided a catastrophic debt default. The tech-heavy Nasdaq index surged to a…
(Reuters) – Churchill Downs on Friday said it would suspend racing as it conducts a “top-to-bottom” safety review following the death of 12 horses at the famed Kentucky track in the past month. Racing will be halted from June 7 through the remainder of the Spring Meet, which concludes on July 3. This weekend’s races…
VIENNA (Reuters) – OPEC has denied media access to reporters from Reuters, Bloomberg and the Wall Street Journal to report on oil policy meetings in Vienna this weekend, reporters, Bloomberg and people familiar with the matter said on Friday. The three media organizations are among the world’s leading suppliers of financial news and information. They…
KHARTOUM (Reuters) – Sudan’s warring parties fought in the capital on Friday after the collapse of talks to maintain a ceasefire and ease a humanitarian crisis. Residents of Khartoum and Omdurman across the Nile said the army had resumed air strikes and was using more artillery. But said there was no sign the paramilitary Rapid…
By Alvise Armellini SAN CASCIANO DEI BAGNI, Italy (Reuters) – One of Italy’s most remarkable archaeological finds in decades goes on show this month – Etruscan and Roman statues pulled from the mud in Tuscany thanks in part to the intuition of a retired garbage man. About two dozen bronze statues from the third century…
By Anna-Catherine Brigida and Lucila Sigal BUENOS AIRES (Reuters) – Argentines are expected to eat the most beef in five years in 2023, extending the country’s reign as the No. 1 steak consumer per capita despite the painful impact of 109% inflation on food prices, a Rosario grains exchange report showed on Friday. The major…
By Jonathan Stempel and Mariam Sunny (Reuters) -Indivior Plc said on Friday it agreed to pay $102.5 million to settle a lawsuit by dozens of U.S. states accusing it of illegally suppressing generic competition for its opioid addiction treatment Suboxone. The North Chesterfield, Virginia-based drugmaker denied wrongdoing in resolving claims by 41 U.S. states and…
By Jonathan Stempel and Mariam Sunny (Reuters) -Indivior Plc said on Friday it agreed to pay $102.5 million to settle a lawsuit by dozens of U.S. states accusing it of illegally suppressing generic competition for its opioid addiction treatment Suboxone. The North Chesterfield, Virginia-based drugmaker denied wrongdoing in resolving claims by 41 U.S. states and…
