By Stephen Culp NEW YORK (Reuters) – Wall Street lost ground on Monday and crude prices advanced as investors digested the aborted Russian mutiny over the weekend and wrestled with lingering concerns over the path of Federal Reserve monetary policy. All three major U.S. stock indexes ended red, with megacap momentum stocks pulling the tech-heavy…
By Stephen Culp NEW YORK (Reuters) – Wall Street lost ground on Monday and crude prices advanced as investors digested the aborted Russian mutiny over the weekend and wrestled with lingering concerns over the path of Federal Reserve monetary policy. All three major U.S. stock indexes ended red, with megacap momentum stocks pulling the tech-heavy…
(Reuters) – The Executive Board of the International Monetary Fund approved a 3-year Extended Credit Facility and Extended Fund Facility for about $1.51 billion with Senegal, and a $324 million arrangement under the Resilience and Sustainability Facility, the IMF said on Monday. The EFF/ECF program will help address macroeconomic imbalances while the RSF arrangement will…
By Huw Jones and Simon Jessop LONDON (Reuters) – Companies will face more pressure to disclose how climate change affects their business under a new set of G20-backed global rules aimed at helping regulators crack down on greenwashing. The norms published on Monday have been written by the International Sustainability Standards Board (ISSB) as trillions…
By Elizabeth Howcroft LONDON (Reuters) – BlackRock’s plans for a bitcoin fund have helped push the world’s largest cryptocurrency to its highest in a year, but rising interest rates and a regulatory crackdown could choke off the rally, analysts and industry insiders say. Bitcoin jumped more than 15% last week, rising above $30,000 for the…
By Isla Binnie (Reuters) – BlackRock boss Larry Fink, at the forefront of the business world’s adoption of environmental, social and corporate governance (ESG) standards, has stopped using the term, saying it has become too politicized. But the world’s largest asset manager hasn’t changed its stance on ESG issues, Fink told the Aspen Ideas Festival…
By Jeff Mason, Steve Holland and Simon Lewis WASHINGTON (Reuters) -President Joe Biden on Monday said a brief uprising by Russian mercenaries against the Kremlin was part of a struggle within the Russian system and that the United States and its allies were not involved in it. Biden offered a cautious assessment of unfolding events…
(Reuters) – Sales of new vehicles in the United States are set to gain in June, helped by sustained demand for personal mobility, a study showed on Monday. “Signs of green shoots within the auto demand environment continue to emerge as June US auto sales are expected to follow-up on the solid volume levels of…
By Hannah Lang (Reuters) – Certain banks working with FTX founder Sam Bankman-Fried’s trading firm Alameda Research raised questions about the firm’s wire activity as early as 2020, according to a report released by FTX on Monday. Some banks began rejecting wires to or from Alameda the same year that the cryptocurrency exchange scrambled to…
By Simon Lewis WASHINGTON (Reuters) – The U.S. State Department on Monday said the situation in Russia remains dynamic days after an aborted mutiny, and said it does not have any assessment about the whereabouts of the boss of Russia’s Wagner mercenary group, Yevgeny Prigozhin. “It is a certainly a new thing to see President…
