By Walter Bianchi BUENOS AIRES (Reuters) – Argentina’s main two political forces both secured victories in regional elections, results showed early on Monday, but candidates for a new libertarian party that has rattled the political landscape lagged behind. Sunday’s vote in three northern provinces took place months before national primaries in August and a general…
(Reuters) – Binance said in a tweet on Monday it would swap 750 million tether-tron token pairs for tether-ether in an attempt to maintain the stablecoin’s liquidity. The move comes amid renewed regulatory scrutiny at the world’s largest cryptocurrency exchange and will help cushion some of the fallout from recent blows, including Binance being sued…
By Steve Scherer OTTAWA (Reuters) – Despite the fastest monetary tightening cycle in the country’s history, Canada’s economy is still running hot, which forced the central bank to crank its key interest rate even higher to a 22-year high of 4.75% last week. Analysts are betting on another rate hike in July, to help the…
By James Davey LONDON (Reuters) – The value of global advertising revenue from retailer-owned e-commerce sites is growing so fast that the medium, known as retail media, is forecast to exceed television revenue by 2028. GroupM, the world’s biggest media buyer, said it expects advertising revenue from retail media channels will grow 9.9% to reach…
(Reuters) – Catalent Inc on Monday posted a bigger-than-expected loss for the third quarter and cut its annual forecast for a second time, hurt by persistent production challenges at the contract drug manufacturer’s major facilities. The company will also amend its annual filing for 2022 to reflect a $26 million deduction caused by a revenue…
(This story has been corrected to change the dateline to June 12) (Reuters) – Most big Wall Street banks expect the Federal Reserve to keep interest rates unchanged on Wednesday, while sticking to its hawkish tone due to a strong job market and elevated inflation. Several economists say that it is a toss-up between a…
LONDON (Reuters) – Global miner Glencore, Chrysler parent Stellantis and Volkswagen’s battery unit PowerCo have agreed to back a $1 billion deal by blank-cheque fund ACG Acquisition Company to buy two mines in Brazil, ACG said on Monday. The deal comes as a mining M&A spree picks up, spurred in part by investors betting on…
(Reuters) -Fox News has sent a “cease-and-desist” letter to Tucker Carlson over a competing Twitter series from the channel’s former star host that drew a combined 169 million views for its first two episodes, Axios reported on Monday. Last week, Axios said the news organization had notified Carlson’s legal team of contract violations related to…
By Gus Trompiz PARIS (Reuters) – Record pig prices could have spurred farmers like Carole Joliff to expand their herd, but costly livestock regulations, flagging demand and spreading swine disease point instead to a long-term decline in the European Union, the world’s top pork exporter. “We’re flying blind,” Joliff, who farms in France’s pig-breeding heartland…
By Paritosh Bansal (Reuters) -‘De-risk, not decouple’ are the new buzzwords for Western policy toward China, drawing skepticism from Beijing about whether there is any difference between the two. For businesses caught in the middle, the semantics are beside the point. As tensions between Western allies and Beijing ratchet up over a litany of disputes,…
