By Jorge Otaola BUENOS AIRES (Reuters) – Argentina’s peso was flat on Tuesday at 350 per dollar after the central bank guided a sharp devaluation a day earlier in the wake of a primary election upset and said it would fix the FX rate until the general election in October. Argentina devalued the currency by…
By Joey Roulette WASHINGTON (Reuters) – U.S. space startups have slashed workforces and restructured operations to survive amid an investment drought that has grounded once-lofty aspirations. While more established players like Elon Musk’s SpaceX and Jeff Bezos’ Blue Origin spend billions on new, bigger rockets, rocket startup Astra Space, satellite imagery firm Planet Labs and…
WASHINGTON (Reuters) – U.S. Secretary of State Antony Blinken on Tuesday said Washington is satisfied with Japan’s plan to release treated radioactive water from the tsunami-wrecked Fukushima nuclear power plant into the ocean. Tokyo’s plans are in accordance with international standards, Blinken told reporters ahead of U.S. President Joe Biden’s trilateral summit with Japanese Prime…
By Raphael Satter WASHINGTON (Reuters) -Former Wall Street Journal reporter Jay Solomon has ended his lawsuit against Dechert LLP and two of its former partners, saying in a filing made public late on Monday that he was voluntarily dismissing his claims against the law firm. Solomon sued Dechert and several others last year, alleging that…
MOSCOW (Reuters) -The rouble strengthened on Tuesday in volatile trade after the central bank hiked rates by 350 basis points to 12%, a move that was baked into market expectations after the bank called an emergency meeting to head off heavy currency losses. The extraordinary rate meeting came after the rouble plummeted past the 100…
JERUSALEM (Reuters) – Israel’s inflation rate eased to a 16-month month low of 3.3% in July from 4.2% in June, a drop that could continue to keep further Bank of Israel interest rate hikes at bay. The consumer price index (CPI) rose 0.3% in July from June, led by gains in fresh produce, housing rentals,…
TAIPEI (Reuters) – The leading candidate to be Taiwan’s new president, Vice President William Lai, said in an interview on Tuesday that he has no plans to change the island’s formal name, but reiterated that Taiwan is “not subordinate” to China. Beijing dislikes Lai for previous comments saying he is a “practical worker for Taiwan…
BERLIN (Reuters) – The German government is planning to raise the amount of tax relief it will give to companies in a new draft law that could go to cabinet as early as Wednesday, according to a document seen by Reuters. Chancellor Olaf Scholz’s coalition has been preparing to roll out a series of measures…
By Safiyah Riddle (Reuters) – U.S. home builder confidence weakened in August for the first time this year, according to a report released Tuesday, as record-breaking mortgage rates and still-high housing prices discouraged prospective buyers. The National Association of Home Builders/Wells Fargo Housing Market Index retreated to 50 in August from a 13-month peak of…
MOSCOW (Reuters) -Russia’s central bank hiked its key interest rate by 350 basis points to 12% on Tuesday, an emergency move to try and halt the rouble’s recent slide after a public call from the Kremlin for tighter monetary policy. The extraordinary rate meeting came after the rouble plummeted past the 100 threshold against the…
