By Asif Shahzad LAHORE, Pakistan (Reuters) -Pakistan secured a badly-needed $3 billion short-term financial package from the International Monetary Fund on Friday, giving the South Asian economy a much-awaited respite as it teeters on the brink of default. The IMF said it had reached an agreement on the deal with the 220 million nation, which…
By Nelson Bocanegra and Carlos Vargas BOGOTA (Reuters) -Colombia’s central bank board on Friday unanimously held the benchmark interest rate steady for the first time in nearly two years, with the market anxiously awaiting signs of when policymakers may begin to cut rates as inflation cools. All 22 analysts polled in a Reuters survey last…
By Laura Sanicola (Reuters) -Oil prices settled higher on Friday but posted their fourth straight quarterly loss as investors worried that sluggish global economic activity could crimp fuel demand. Benchmark Brent crude futures for August delivery which expires on Friday, settled up 56 cents, or 0.8%, at $74.90. In the three months to the end…
By Daniel Wiessner (Reuters) – The U.S. Supreme Court ruling striking down race-conscious policies in college admissions includes some warnings to companies about the legal limits of workforce diversity efforts and is likely to fuel challenges to them, experts said. Thursday’s ruling has no direct impact on employers because it does not involve workplace bias…
(Reuters) – U.S. Senator Elizabeth Warren has questioned Goldman Sachs’ role in the failure of Silicon Valley Bank (SVB) and the profits it allegedly made in the process. “Goldman Sachs, serving as both the buyer of SVB-held bonds and the architect of failed efforts to raise capital for the bank, raked in profits and fees…
FRANKFURT (Reuters) -Deutsche Bank’s head of human resources, Michael Ilgner, has decided to leave the bank, Deutsche Bank announced on Friday, the latest in a spate of management changes. The move follows an investigation earlier this year into Ilgner’s purchase of the bank’s own bonds just days before the lender reported earnings, a move that…
(Reuters) – The U.S. Supreme Court ruling striking down race-conscious policies in college admissions includes some subtle warnings to companies about the legal limits of workforce diversity efforts and is likely to fuel challenges to them, experts said. Here are how some of the biggest corporations in the United States fare on diversity, equity and…
MILAN (Reuters) – Italy aims to generate nearly two thirds of its electricity from renewable energy sources by the end of the decade, the energy ministry said on Friday, slightly improving targets made public three years ago. In a revision of the country’s energy and climate plan, the ministry said Italy aimed to get 65%…
(Reuters) – ESPN laid off about 20 of its sports personalities on Friday as the Walt Disney unit seeks to more closely manage costs, a source said. Among those affected by the cuts were long-time NBA analyst Jeff Van Gundy, former head coach of the New York Knicks and Houston Rockets, and studio analyst Jalen Rose, a…
By Medha Singh (Reuters) – U.S. airline stocks on Friday were set to record their strongest monthly performance since 2021, helped by easing fuel prices and signs of robust travel demand during the summer season. The rebound in travel spending after the pandemic has held up despite rising inflation and signs of a slowing economy,…
