By Hernan Nessi BUENOS AIRES (Reuters) – Argentina’s economic slumped 4.2% in April from a year earlier, the country’s official INDEC statistics agency said on Friday, the worst drop since October 2020 and far lower than the 1.5% decline forecast by analysts as farming production slid. The South American nation is the world’s top exporter…
By Rodrigo Campos and Jorge Otaola NEW YORK/BUENOS AIRES (Reuters) -The International Monetary Fund said on Friday that Argentina is current in its payment obligations, after the government said it made a $2.7 billion payment to the fund using its existing stock of the IMF’s reserve assets, and Chinese currency. A spokesperson for Argentina’s economy…
(This June 29 story has been corrected to clarify that the entity involved is not an Alberta government agency in the headline and paragraphs 1 and 2) By Divya Rajagopal and Xie Yu TORONTO/HONG KONG (Reuters) – An Alberta industrial development body has ended a partnership with a Chinese private equity fund that targeted $10…
(Reuters) – Nokia said on Friday it had signed a new long-term patent license agreement with Apple, as the current license between the companies expires at the end of 2023. While terms of the agreement remain confidential between the companies, it covers Nokia’s inventions in 5G and other technologies. Nokia said the company expects to…
By Lewis Krauskopf NEW YORK (Reuters) -A U.S. stocks rally is cruising into a month that has proven strong in recent years, though equities must navigate employment data and an earnings season that could be precarious, with the Federal Reserve bent on raising U.S. interest rates. The S&P 500 defied recession fears and a U.S….
By Daniel Wiessner (Reuters) – The U.S. Supreme Court on Friday agreed to decide whether workers can bring discrimination lawsuits based on unwanted workplace transfers that were allegedly motivated by bias, an issue that can make or break many cases. The justices took up a case involving St. Louis police officer Jatonya Muldrow, who is…
(Reuters) – The U.S. Supreme Court has issued a series of important rulings during its term that began last October on issues including affirmative action, student loans, free speech, LGBT rights, voting rights, immigration and environmental regulation. Here is a look at some of the rulings issued by the court this term. AFFIRMATIVE ACTION The…
By Lewis Krauskopf NEW YORK (Reuters) -The U.S. stock market has powered higher in the first half of this year despite numerous obstacles, from banking sector turmoil to recurring doubts about the economy’s health. The S&P 500 is up 15.9% in 2023 – a rebound that surprised many analysts after equities’ brutal 2022 decline. The…
(Reuters) -U.S. officials are considering to limit the ability of large banks to use Federal Home Loan Banks (FHLBs) as a financial backstop, as part of a broader proposal to overhaul the system, Bloomberg News reported on Friday. In addition to limiting access for big banks, regulators have discussed requiring banks that want to borrow…
By Michael Martina WASHINGTON (Reuters) -The U.S. on Friday warned about a new Chinese counterespionage law, saying American and other foreign companies in the country could face penalties from Chinese authorities for regular business activities. Chinese lawmakers this year passed a wide-ranging update to Beijing’s anti-espionage legislation that goes into effect on July 1, banning…
