By Asif Shahzad LAHORE (Reuters) -Pakistan’s finance minister said a staff level agreement for a crucial bailout deal with the International Monetary Fund was “very close” and expected in the next 24 hours. Islamabad is racing against time to unlock at least $1.1 billion under the lender’s ninth review of a $6.5-billion Extended Fund Facility…
By Sri Hari N S and Niket Nishant (Reuters) -Thrift store operator Savers Value Village fetched a market capitalization of nearly $4 billion in a strong debut on the New York Stock Exchange on Thursday, underscoring a resurgence in the IPO market as investors lap up new listings. Savers Value, owned by private equity firm…
PARIS (Reuters) – EDF CEO Luc Remont told managers on Thursday that the state-owned power group’s nuclear activities would be reorganised to overcome recurring problems that cut production last year. An EDF spokesperson told Reuters a reorganisation of the nuclear division had been announced with the aim of ushering in “deep change” so that each…
By Andrew Chung (Reuters) -The U.S. Supreme Court on Thursday bolstered the ability of employees to obtain accommodations at work for their religious practices, reviving a lawsuit by an evangelical Christian former mail carrier accusing the Postal Service of discrimination after being disciplined for refusing to show up for work on Sundays. The 9-0 ruling…
MEXICO CITY (Reuters) – Mexico’s financial system stability committee described the country’s economic outlook as uncertain on Thursday, citing persistent risks of further weakening of economic activity stemming from a complex external environment. “Looking ahead, the outlook remains uncertain,” the committee said in a statement, noting that domestic demand should nonetheless continue to support domestic…
By Danielle Broadway LOS ANGELES (Reuters) – Laz Alonso recalled his days as an aspiring actor trying to break into the industry with the preconceived notion that all actors were rich. “It’s very easy to think all the Hollywood stars or anybody in Hollywood is rich and swimming in money in a swimming pool. That’s…
By Marcela Ayres BRASILIA (Reuters) – Brazil’s central bank chief Roberto Campos Neto indicated on Thursday he supports adopting a continuous time frame for the monetary authority to pursue inflation targets, ditching the current system of tracking a calendar year. Speaking at a press conference in Brasilia, Campos Neto said that would be an “interesting…
(Reuters) – Swedish electric vehicle (EV) maker Polestar said on Thursday it has signed an agreement with Tesla to adopt the EV maker’s Supercharger network in the United States and Canada. Starting 2025, new Polestar vehicles sold in North America will be equipped with Tesla’s North American Charging Standard (NACS) charging port by default, the…
By Amruta Khandekar, Matteo Allievi, Bansari Mayur Kamdar (Reuters) -European shares edged higher on Thursday with Swedish retailer H&M rallying on stronger-than-expected quarterly profit, but economic data from both sides of the Atlantic and hawkish signals from major central bankers weighed on markets. The pan-European STOXX 600 index closed 0.1% higher. Shares of H&M climbed…
By Bianca Flowers (Reuters) – Carmaker Stellantis will require union employees to work mandatory overtime at its Warren Truck assembly and Jefferson North factory in Michigan, to boost Jeep SUV production ahead of a potential strike deadline in September, according to a document shared with Reuters. Stellantis told workers at both facilities the plants will…
