BRASILIA (Reuters) – Brazil’s central bank chief Roberto Campos Neto expressed his opposition on Friday to the creation of a common currency, stating that in the era of digitalization it is unnecessary to have a shared currency for its purported benefits. “That is a very old idea that solves a problem that doesn’t exist anymore,”…
By Davide Barbuscia NEW YORK (Reuters) -While a U.S. default on its debt has been averted, the possibility of another credit rating downgrade remains, as 11th-hour debt ceiling negotiations have become an almost regular feature in recent U.S. history. The U.S. Senate on Thursday passed bipartisan legislation backed by President Joe Biden that lifts the…
By Jonathan Landay and Arshad Mohammed WASHINGTON (Reuters) – The United States does not need more nuclear weapons to deter the combined forces of Russia and China because of its advanced military capabilities, U.S. national security adviser Jake Sullivan said on Friday. Sullivan also said Washington will abide by the limits on strategic nuclear weapons…
(Reuters) – French company Orpea, hit by allegations of malpractice at its care homes and a sharp drop in valuation, said on Friday it made a drawdown of 200 million euros ($214.24 million) from new financing by its main banking partners. Orpea said it will use the funds to finance and refinance corporate purposes of…
WASHINGTON (Reuters) – A Georgia-based probe into whether former Republican President Donald Trump and others illegally sought to overturn his loss in the state’s 2020 presidential election has expanded into activities outside of Georgia, the Washington Post reported on Friday. Fulton County’s prosecutor has broadened the two-year-long investigation to include Trump’s campaign “hiring two firms…
By Arshad Mohammed WASHINGTON (Reuters) – The United States said on Friday it imposed sanctions on Iranian technology company Arvan Cloud, two employees and an affiliated Emirati firm for helping Tehran censor the internet in Iran as part of the government’s attempts to crush domestic protests. Arvan Cloud has a close relationship with Iran’s intelligence…
By Pavel Polityuk KYIV (Reuters) – Ukraine fended off 36 Russian air attacks in and around the capital overnight while pro-Kyiv Russian fighters said they were battling Russian forces for a second day inside Russia, trading blame with Moscow for the deaths of two civilians. Russia has launched about 20 waves of attacks on Kyiv…
(Reuters) – Shares of U.S. banks rose on Friday after the U.S. Senate on Thursday passed bipartisan legislation that lifted the government’s $31.4 trillion debt ceiling and averted a historic default. Shares of JPMorgan Chase & Co, Goldman Sachs, Morgan Stanley, Citigroup, Wells Fargo and Bank of America gained between 2.2% and 3.8% Their mid-sized…
By Joseph White and Shivansh Tiwary DETROIT (Reuters) -General Motors Co Chief Executive Mary Barra had a message on Friday for investors and rivals who see no profitable future in autonomous vehicles: You’re wrong. Barra told attendees at a Sanford Bernstein conference she sees a “giant growth opportunity” in GM’s Cruise autonomous vehicle unit, and…
(Reuters) – Citizens Financial Group Inc is not looking to do many acquisitions in the near term, the bank’s Chief Executive Bruce Van Saun said at a conference on Friday, adding that the lender’s “strong” capital could instead be used for buybacks. The bank was one of several bidders for the assets of First Republic…
