By Tatiana Gomozova and Andrew Osborn MELEKHOVO, Russia (Reuters) -Jailed Russian opposition politician Alexei Navalny had an extra 19 years in a maximum security penal colony added to his jail term on Friday in a criminal case that he said was designed to cow the Russian people into political submission. Navalny, President Vladimir Putin’s fiercest…
By Elida Moreno PANAMA CITY (Reuters) – The head of Panama’s migration agency lashed out at Colombia on Friday, slamming its southern neighbor for failure to help control the flow of mostly U.S.-bound migrants passing through the dangerous Darien Gap amid a surge of people traveling north. Samira Gozaine, head of Panama’s national migration service,…
By Echo Wang (Reuters) – Wall Street closed lower on Friday after a report of slowing U.S. labor market growth, and all three major indexes posted weekly losses as investors braced for more possible downside surprises a day after disappointing earnings from Apple. Apple’s shares AAPL.O fell 4.8%, its biggest daily percentage decline since Sept….
By Kylie Madry MEXICO CITY (Reuters) – The Mexican government is no longer planning on moving up the timeline to pay off some $4.2 billion in outstanding bonds issued to finance a partly built airport on the outskirts of Mexico City that was later canceled, a senior transport official said on Friday. The canceled Texcoco…
By Abigail Summerville, Milana Vinn and David Carnevali NEW YORK (Reuters) – UBS Group AG is poised to make sweeping changes to the senior ranks of its investment banking division globally as soon as Monday, marking a new milestone in the process of integrating Credit Suisse, people familiar with the matter said. The changes are…
By Jonathan Stempel NEW YORK (Reuters) -Alex Mashinsky, the founder and former chief of the now-bankrupt cryptocurrency lender Celsius Network, must face a lawsuit by New York Attorney General Letitia James accusing him of civil fraud, a Manhattan state court judge ruled on Friday. Justice Margaret Chan said the attorney general sufficiently alleged that Mashinsky…
By Camillus Eboh, Boureima Balima and Felix Onuah ABUJA/NIAMEY (Reuters) -West African defence chiefs have drawn up a plan for military action if Niger’s coup is not overturned by Sunday, the regional bloc said on Friday, after mediation failed in a crisis that threatens regional security and has drawn in global powers. The Economic Community…
By Carolina Mandl NEW YORK (Reuters) – A highly awaited inflation report and elevated bond yields offer the latest test to a U.S. stock rally that has delivered hefty gains this year. The benchmark S&P 500 index is up 16.6% year to date, fueled by an improving economic outlook, excitement over developments in artificial intelligence…
By Jody Godoy (Reuters) – The U.S. Securities and Exchange Commission fined electric vehicle company Canoo Inc $1.5 million on Friday for what the regulator alleges were reporting failures related to hundreds of millions of dollars of unreasonable revenue projections. The SEC said Canoo, former CEO Ulrich Kranz and Paul Balciunas, its former chief financial…
By Carolina Mandl NEW YORK (Reuters) – Global hedge funds increased their bets that stocks will fall in a week when bonds yields rose after the United States’ credit rating was downgraded, a Goldman Sachs report on Friday showed. Hedge funds added 4.6 short positions to each long position from July 7 to Aug. 3….
