By Pavel Polityuk KYIV (Reuters) -Ukraine said on Monday its troops had regained more ground along eastern and southern fronts in what President Volodymyr Zelenskiy described as progress in a “difficult” week for Kyiv’s counteroffensive against Russian forces. Deputy Defence Minister Hanna Maliar also noted a surge in fighting around the shattered eastern city of…
By Helen Coster NEW YORK (Reuters) – Video-sharing website BitChute is raising $10 million in Series A funding at a valuation of $750 million to $1 billion, according to one of its investors and a presentation seen by Reuters, as it seeks to add new features that allow live-streaming and the payment of content creators…
By Sinéad Carew NEW YORK (Reuters) – Wall Street stock indexes ended Monday’s shorter session up slightly along with U.S. Treasury yields, as investors weighed up a mixed bag of economic data ahead of second-quarter earnings and uncertainty over the direction of central bank policy. On Wall Street, Nasdaq led gains while the Dow was…
By Daina Beth Solomon MEXICO CITY (Reuters) – The U.S. wants Mexico’s government to build strong institutions to protect worker rights as companies aiming to avoid supply chain disruptions in far-off production spots bring more jobs to the country, a top U.S. labor official told Reuters. Mexico has begun to benefit from “nearshoring” in which…
By Nell Mackenzie LONDON (Reuters) -Odey Asset Management is in advanced talks to move its special situations fund managed by Adrian Courtenay to Green Ash Partners, said a letter to investors dated July 3. Green Ash Partners is a boutique investment manager based in Switzerland and the UK with over $1 billion in assets under…
By Kylie Madry MEXICO CITY (Reuters) – Mexico brought in close to $5.7 billion in remittances in May, central bank data showed on Monday, breaking a monthly record that analysts cautioned was softened by the recent strength of the peso versus the dollar. While Mexico records remittances in dollars, as most of the funds come…
By Laura Sanicola (Reuters) -Oil prices settled down 1% on Monday as worries about a slowing global economy and possible U.S. interest-rate hikes outweighed supply cuts announced for August by top exporters Saudi Arabia and Russia. Brent crude futures settled down 1%, or 76 cents, at $74.65 a barrel while U.S. West Texas Intermediate crude…
By Hyunjoo Jin SAN FRANCISCO (Reuters) – South Korea’s Samsung Display has filed a lawsuit against BOE Technology, accusing the Chinese rival of infringing five of its patents for displays used in mobile devices including Apple’s iPhone 12. Samsung Display, a unit of Samsung Electronics, asked a federal jury in Texas to award damages for…
By Herbert Lash and Joice Alves NEW YORK/LONDON (Reuters) -The dollar was little changed on Monday against a basket of major trading currencies and gained against a yen that’s under intervention watch after the Japanese finance minister warned last week of excessive moves in the currency market. The dollar initially weakened on news of U.S….
By Valerie Volcovici (Reuters) – The Biden administration’s climate agenda is facing an unexpected challenge in drought-prone Corpus Christi, Texas, where a proposed clean hydrogen hub would require the installation of energy-intensive, expensive and potentially environmentally damaging seawater desalination plants. The Gulf Coast port is in the running for up to $1 billion available under…
