By Kanishka Singh and Andrea Shalal WASHINGTON (Reuters) -The World Bank on Wednesday said it was “alarmed” by efforts to overthrow the democratically elected government in Niger, and had suspended disbursements in the African country until further notice, except for private-sector partnerships. Niger has one of the largest World Bank portfolios in Africa, amounting to…
By Lawrence Delevingne (Reuters) -Global stocks slumped on Wednesday, while Treasury yields ticked up and the dollar gained, as investors digested an unexpected downgrade of the United States’ top-tier sovereign credit rating and private payrolls data that pointed to U.S. labor market resilience. While shares lost ground, investors showed little sign of panic after Fitch…
By Luc Cohen NEW YORK (Reuters) – Here are five takeaways from Tuesday’s indictment accusing former U.S. President Donald Trump with conspiring to overturn the results of the 2020 election, which he lost to Democrat Joe Biden. TRUMP DIRECTED THE PLAN TO SUBMIT FAKE ELECTORS The indictment accused Trump of organizing a push to get…
By Sarah N. Lynch, Jacqueline Thomsen and Andrew Goudsward WASHINGTON (Reuters) -Donald Trump was indicted on Tuesday for his wide-ranging attempts to overturn the 2020 election, the third time in four months that the former U.S. president has been criminally charged even as he campaigns to regain the presidency next year. The four-count, 45-page indictment…
(Reuters) -Electronic Arts shares sank more than 7% on Wednesday, a day after the videogame publisher projected quarterly net bookings below expectations due to high competition and muted spending by gamers. Legacy videogame publishers such EA are not only struggling with slowing spending, but also fighting for top spots with new entrants like Warner Bros…
By Ann Saphir (Reuters) -After more than a year of search, the Kansas City Federal Reserve Bank has a new leader: Jeffrey Schmid, a former banking executive who ran three different financial institutions over a four-decade-plus career that also included a stint in bank supervision. Schmid, who for the last two years has led the…
By Laura Sanicola (Reuters) -Oil prices settled down 2% on Wednesday despite a historic drop in U.S. crude stocks, as traders derisk following the downgrade of the U.S. government’s top credit by a major ratings agency. U.S. crude stocks fell in the week by 17 million barrels, the largest drop in U.S. crude inventories according…
By Dawit Endeshaw ADDIS ABABA (Reuters) -Ethiopia’s military has clashed with fighters from a militia in the Amhara region, residents said on Wednesday, in an escalation of a simmering feud between the two former allies that a doctor said had caused more than a dozen injuries. Fano, a part-time militia with no formal command structure,…
By Herbert Lash and Harry Robertson NEW YORK/LONDON (Reuters) -The dollar rose on Wednesday as investors shrugged off Fitch’s U.S. credit rating downgrade while data showing a larger-than-expected increase in private payrolls in July bolstered the greenback as it points to labor market resilience. Private payrolls rose by 324,000 jobs last month, the ADP National…
(Reuters) – Advanced Micro Devices’s shares fell about 6% on Wednesday as analysts raised concerns that the chip designer’s targets for an artificial intelligence (AI) ramp-up may be too ambitious. The fall came amid a broader sell-off in the tech sector that saw megacap stocks fall 1.5% to 5% and the Philadelphia SE Semiconductor Index…
