(Reuters) – Russian mercenary boss Yevgeny Prigozhin, who has been arguing with top military brass for months, on Friday escalated the feud by accusing pro-Moscow forces of trying to blow up his men. Prigozhin’s Wagner Group troops have largely pulled back from the eastern Ukrainian town of Bakhmut, most of which they captured last month…
CHICAGO (Reuters) – Tyson Foods Inc will terminate about 262 employees in South Dakota who chose not to relocate to its headquarters in Arkansas, showing widespread resistance to the move, the company confirmed on Friday. The layoffs remove some key executives at a time the U.S. meatpacker is seeking to cut costs in the face…
By Tatiana Bautzer and Saeed Azhar NEW YORK (Reuters) – Citigroup Inc CEO Jane Fraser said scrapping the sale of its Mexican retail business, known as Banamex, and pursuing an initial public offering (IPO) was in the best interest of shareholders. “We acted decisively, we acted very swiftly and we said ‘okay, we’re gonna go…
By Lucia Mutikani WASHINGTON (Reuters) – U.S. job growth accelerated in May, but a surge in the unemployment rate to a seven-month high of 3.7% suggested that labor market conditions were easing, which could give the Federal Reserve cover to skip an interest rate hike this month. The increase in the unemployment rate from a…
(Reuters) – Canada’s second-biggest oil producer Suncor Energy has told employees it plans to cut 1,500 jobs this year, two sources confirmed to Reuters on Friday, in one of the first big moves by its new CEO. In a staff memo announcing the layoffs, Suncor also told employees it was seeking C$400 million ($297.64 million)…
By Pete Schroeder WASHINGTON (Reuters) – The U.S. Securities and Exchange Commission announced Friday it had dismissed 42 pending enforcement cases after discovering enforcement staff had improper access to materials meant for commission officials ruling on those cases. The decision comes after the SEC concluded a lengthy review of a matter first raised in April…
(Reuters) -The United States’ “AAA” credit rating will remain on negative watch, despite a debt limit agreement that will allow the government to meet its obligations, Fitch Ratings said on Friday. The U.S. Senate on Thursday passed bipartisan legislation backed by President Joe Biden that lifts the government’s $31.4 trillion debt ceiling, following months of…
By Chijioke Ohuocha ABUJA (Reuters) – Nigeria’s central bank has sold the dollar at 645 naira at its latest auction, results showed on Friday, lower than 465 naira where the currency is trading on the official secondary market. Nigeria operates multiple exchange rates, which the central bank has used to manage demand, mask pressure on…
By Eliana Raszewski BUENOS AIRES (Reuters) -Argentina has signed a deal to renew its currency swap line with China and double the amount it can access to near $10 billion, the South American country’s central bank said in a statement on Friday, a boost to its dwindling foreign currency reserves. The bank said that the…
(Reuters) – Fort Bragg, the U.S. Army base in North Carolina that is among the world’s largest military installations, was formally renamed Fort Liberty on Friday, part of a broader effort to rechristen bases named for Confederate officers. Last year, a commission created by Congress recommended new names for nine bases that honored Confederate officers,…
