By Valentine Hilaire MEXICO CITY (Reuters) – Mexican shipping startup Nuvocargo announced on Tuesday it had raised $36.5 million in a new round led by QED Investors, as nearshoring offer new trade opportunities between Mexico and the U.S. The round, which also included participation from NFX and Tiger Global, will allow Nuvocargo to cover the…
By David Shepardson and Lisa Baertlein WASHINGTON/LOS ANGELES (Reuters) – Acting Labor Secretary Julie Su’s nomination to officially lead that agency is at risk even after she helped negotiate a crucial contract deal between U.S. West Coast seaport employers and the union representing 22,000 workers this month. The criticism from Republican opponents in the U.S….
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Asian markets reach the half-way point of the week with a spring in their step, after surprisingly strong U.S. economic data on Tuesday put thoughts of a slowdown or recession to the back of investors’…
By Valerie Insinna WASHINGTON (Reuters) -Spirit AeroSystems and its machinists union reached a tentative contract agreement on Tuesday, with about 6,000 workers set to vote Thursday on whether to end a strike at the company’s plant in Wichita, Kansas. The four-year contract includes wage increases of at least 23.5% over the life of the deal,…
By Daphne Psaledakis and Humeyra Pamuk WASHINGTON (Reuters) – The United States took aim at Russia’s Wagner Group and imposed sanctions on Tuesday on companies it accused of engaging in illicit gold dealings to fund the mercenary force. The U.S. Treasury Department in a statement said it slapped sanctions on four companies in the United…
By Greg Bensinger SAN FRANCISCO (Reuters) – Arguing for the government on Tuesday in its legal fight against Microsoft’s $69 billion deal to buy game maker Activision Blizzard, Harvard economist Robin Lee struggled at times to plainly demonstrate how the planned deal would hurt gamers. The U.S. Federal Trade Commission has asked a federal judge…
(Reuters) – National CineMedia LLC said on Tuesday it would emerge from Chapter 11 on or around August or September as its reorganization plan has been confirmed by the U.S. Bankruptcy Court for Southern District of Texas. The biggest movie-theater advertising firm in North America will maintain its existing corporate structure with listed holding company…
By John Kruzel WASHINGTON (Reuters) -The U.S. Supreme Court on Tuesday threw out the stalking conviction of a Colorado man who sent a barrage of unwanted messages to a female musician in a case involving constitutional free speech protections, ruling that prosecutors had not shown he understood the “threatening nature” of his words. The 7-2…
SEOUL (Reuters) – Consumer sentiment in South Korea ticked further up in June to the highest in just over a year, while inflation expectations remained unchanged, a central bank survey showed on Wednesday. The Consumer Sentiment Index rose to 100.7 in June from 98.0 in May, the highest since May 2022, according to the Bank…
By Daniel Trotta (Reuters) – U.S. officials in Texas have arrested four Mexicans who were indicted on suspicion of operating a human smuggling ring responsible for the deaths a year ago of 53 migrants packed into a truck during sweltering heat, the Justice Department said on Tuesday. Dozens of migrants from Mexico, Guatemala and Honduras…
