By Medha Singh (Reuters) – The market share of Binance, the world’s largest cryptocurrency exchange, and its U.S. affiliate have shrank this year, as they battle an onslaught of regulatory crackdowns. Last month, Binance was hit by a lawsuit by the U.S. Securities and Exchange Commission for allegedly breaching the regulator’s rules, pushing its global…
(Refiles to adds FOREX to headline and changes update number to 4 not 1) By Herbert Lash NEW YORK (Reuters) -The U.S. dollar edged higher against other major currencies on Wednesday after minutes from the Federal Reserve’s June policy meeting reinforced market expectations of another interest rate hike at the end of July. Almost all…
(Reuters) – Swedish Prime Minister Ulf Kristersson said on Wednesday after meeting U.S. President Joe Biden that the two leaders agreed that the upcoming NATO summit in Vilnius was a “natural time” to finalise the Nordic country’s bid to join the alliance. “We both realize that the NATO summit in Vilnius in a week is…
By Francois Murphy VIENNA (Reuters) -Experts from the U.N. nuclear watchdog based at the Russian-held Zaporizhzhia nuclear power plant in Ukraine have yet to observe any indications of mines or explosives at the plant, but they need more access to be sure, the agency said on Wednesday. Russia and Ukraine on Tuesday accused each other…
By David Lawder WASHINGTON (Reuters) – U.S. Trade Representative Katherine Tai’s meetings with North American trade partners Canada and Mexico this week will not delve deeply into major disputes over Mexico’s biotech corn and energy policies nor Canadian dairy access, a senior USTR official said on Wednesday. The annual meeting of the U.S.-Mexico-Canada Agreement (USMCA)…
By Kanishka Singh WASHINGTON (Reuters) – The United States “firmly” opposes export controls announced by China on gallium and germanium, metals needed to produce semiconductors and other electronics, a U.S. Commerce Department spokesperson said on Wednesday, adding that Washington will consult its partners and allies to address the issue. Earlier this week, China put export controls…
By Kylie Madry MEXICO CITY (Reuters) -Mexican airline Viva Aerobus has signed a memorandum of understanding to purchase 90 Airbus A321neo aircraft, the carrier said on Wednesday, in a deal likely worth several billion dollars. The announcement confirms Reuters reporting last month that the two were close to a tie-up on an order of that…
By Aishwarya Nair (Reuters) – U.S. union workers are finding more solid footing during contract negotiations with employers as a tight labor market allows employees to flex more bargaining power. Airline pilots, railroad employees, dockworkers, and others have pushed for higher pay and better benefits, rebuffing offers from companies that in some contracts appeared significant….
By Valerie Volcovici WASHINGTON (Reuters) -The Biden administration on Wednesday approved construction of an offshore windfarm that will generate 1,100 megawatts of power from up to 98 turbines off the coast of Atlantic City, New Jersey, becoming the third such project in the United States. Approval of Orsted’s Ocean Wind by the Interior Department is…
DUBAI (Reuters) – Foreign direct investment (FDI) flows into the United Arab Emirates rose 10% in 2022 from the previous year to a record $23 billion, the United Nations trade body said in a report on Wednesday. Globally, FDI fell 12% in the year, the United Nations Conference on Trade and Development (UNCTAD) report said…
