By Hilary Russ and Caroline Valetkevitch (Reuters) -Workers at dozens of U.S. Starbucks locations held strikes on Sunday to express their outrage over accusations by the baristas’ union that managers at several U.S. cafes removed rainbow flags and decorations supporting LGBTQ+ Pride month. About a dozen Starbucks workers picketed outside New York’s Astor Place location…
By Walter Bianchi BUENOS AIRES (Reuters) -Argentina’s election line-up twist, which saw the ruling Peronist coalition torpedo a leftist candidate in favor of a centrist economy minister, boosted local markets on Monday, though analysts said it added a new spice to talks with the IMF. The Peronist bloc, Union por la Patria, said on Friday…
(This June 23 story has been corrected to clarify that 2020 marked 25 years of normalised relations in paragraph 4) HANOI (Reuters) – The U.S. nuclear-powered aircraft carrier Ronald Reagan will stop at Central Vietnam’s port city of Danang on Sunday in a rare visit for a U.S. warship to the southeast Asian nation, as…
(Reuters) – Carmakers must pay compensation for diesel vehicles fitted with illegal emissions controlling devices, Germany’s highest federal court ruled on Monday, in a case that could potentially cost Volkswagen, Mercedes-Benz and others millions of euros. Companies could owe owners between 5% and 15% of the purchase price of their vehicle, the court ruled, in…
LONDON (Reuters) – Britain’s finance minister Jeremy Hunt said on Monday that banks are too slow to pass on increases in central bank interest rates to savers and this is a problem that needs to be resolved. Banks have moved quickly to pass on higher interest rates to their mortgage customers, but moved much more…
By Saeed Azhar and Manya Saini NEW YORK (Reuters) – Goldman Sachs Group Inc plans to add former Bank of America executive Tom Montag to its board, a person familiar with the matter said on Monday, as Goldman’s leadership faces challenges over its strategy. The bank’s board is gathering in India this week, a second…
MEXICO CITY (Reuters) – Mexican telecommunications giant America Movil, controlled by the family of tycoon Carlos Slim, announced the launch of a foreign debt public offering of up to 20 billion pesos ($1.17 billion), the company said in a statement on Monday. The issuance will take place on July 6, part of a five-year overall…
By Michael S. Derby NEW YORK (Reuters) -Federal Reserve Bank of New York President John Williams played down the linkage between monetary policy and financial stability in comments made public Monday, while also warning that using rate policy to tame bubbles can bring unwanted economic pain. His comments came from a presentation made on Sunday…
BRASILIA (Reuters) – Brazil Treasury secretary Rogerio Ceron on Monday said the sooner monetary easing begins, the sooner conditions will be created for an “adequate” 2024, emphasizing that high interest rates have an impact on the public debt cost. In an interview with local news channel BM&C News, Ceron said that nearly 90% of the…
By Alexander Marrow (Reuters) – The rouble sank to its lowest in nearly 15 months against the dollar on Monday in one of its most volatile sessions this year as investors responded for the first time to an aborted mutiny by armed mercenaries in Russia over the weekend. Mercenaries led by Yevgeny Prigozhin withdrew from…
