TAIPEI (Reuters) – Taiwan’s central bank said on Saturday it has smooth communication channels with the U.S. Treasury Department and will keep talking with them about foreign exchange policies, after the United States kept the island on a monitoring list. Treasury said on Friday it found that no major U.S. trading partners had manipulated their…
TEGUCIGALPA (Reuters) – Honduran economic growth is seen slowing to about 3% in 2023, the International Monetary Fund (IMF) estimated in a statement issued on Friday, pointing to fewer remittances and pressures on the energy and farm sectors stemming from drought conditions. The Central American country’s economy expanded by 4% last year, according to official…
SAN JOSE (Reuters) – The World Bank approved a new $500 million loan to Costa Rica aimed at strengthening support for the government’s budget, according to a statement from the international lender released on Friday. The loan will support the Central American country’s post-pandemic efforts to grow employment and wages and assist small and medium-sized…
By Ismail Shakil and Katharine Jackson WASHINGTON (Reuters) – The U.S. Labor Department on Friday slapped a $298,000 penalty on Hostess Brands, alleging that safety and training failures at the bakery firm led to a worker in Chicago losing a fingertip in December. The department said its investigation found that the Hostess could have prevented…
(Reuters) -Meta Platforms said on Friday services on its social media apps Facebook and Instagram were restored, more than two hours after an outage that affected thousands of users. At one point, nearly 20,000 users in total said they were having trouble accessing Facebook and Instagram and Meta’s messaging service WhatsApp, according to outage-tracking website…
By Noel Randewich and Sruthi Shankar (Reuters) – The S&P 500 ended lower on Friday, weighed down by Microsoft and other market heavyweights as comments from two Federal Reserve officials curtailed optimism that the central bank is nearing the end of its aggressive interest rate hikes. The Nasdaq also ended the week lower, although the…
(Reuters) – Microsoft, which is seeking to buy games giant Activision, faces two legal fights in coming weeks with U.S. antitrust enforcers who are determined to stop the $69 billion transaction. Microsoft has pressed for a decision sooner rather than later, noting that the purchase agreement has a termination date of July 18, although such…
NEW YORK (Reuters) – Mondelez International’s Europe president said Thursday that the Milka chocolate bar-maker was being “singled out and treated differently” from rival companies that are also continuing to sell food and drinks in Russia, according to a memo seen by Reuters. In the memo titled “A note on Nordics/Russia” sent to employees Thursday,…
By Jonathan Stempel NEW YORK (Reuters) -A U.S. judge on Friday granted preliminary approval to Deutsche Bank’s $75 million settlement with victims of Jeffrey Epstein who accused the bank of facilitating the late financier’s sex trafficking. U.S. District Judge Jed Rakoff in Manhattan said the settlement appeared “fair, reasonable, and adequate.” He scheduled an Oct….
By Howard Schneider WASHINGTON (Reuters) -U.S. Federal Reserve officials struck a hawkish tone in their first comments since the central bank held the policy interest rate steady at its meeting this week but signaled that rate hikes will likely resume. “Core inflation is not coming down like I thought it would,” Federal Reserve Gov. Christopher…
