By Luc Cohen NEW YORK (Reuters) -A judge said on Friday he would decide by the end of the month whether a JPMorgan Chase & Co lawsuit should proceed against a former executive who it accuses of entangling the bank with late financier and convicted sex offender Jeffrey Epstein. U.S. District Judge Jed Rakoff in…
By Sakura Murakami and Andreas Rinke HIROSHIMA, Japan (Reuters) – Japan and Germany say it is time for a rethink of how some of the world’s most powerful institutions – including the United Nations Security Council – deal with emerging countries. Outreach to the so-called “Global South”, shorthand for some low- and middle-income countries including…
HIROSHIMA, Japan (Reuters) – U.S. President Joe Biden aims to speak this weekend with Brazil’s President Luiz Inacio Lula da Silva and Indian Prime Minister Narendra Modi about Ukraine and the “sacrosanct” issue of sovereignty and territorial integrity, U.S. national security adviser Jake Sullivan said on Saturday. Lula and Modi are attending a summit of…
SAO PAULO (Reuters) -Bank of Canada Governor Tiff Macklem reiterated on Friday it is far too early to be thinking about interest rate cuts, adding that he expects the consumer price index to decline to around 3% this summer and back to the bank’s 2% inflation target around the end of 2024. Macklem told a…
By Valentine Hilaire and Noe Torres MEXICO CITY (Reuters) – The Mexican Navy on Friday took over a section of railway in southern Mexico operated by a unit of Grupo Mexico , and shares in the mining and infrastructure company fell by more than 4% after the expropriation. Calling the move “surprising”, the transport unit…
By Nelson Acosta and Dave Sherwood HAVANA (Reuters) – Russian officials and business leaders have signed multiple deals with Cuban counterparts at a forum in Havana this week, agreeing to work together to boost sugar and rum output, assure wheat and crude oil supply to the communist-run island, and overhaul crumbling tourist facilities. The longtime…
By Andrew Hay TAOS, N.M. Reuters) – A unexpected alliance between traditional woodcutters and federal land managers in New Mexico could provide a model for a push by President Joe Biden’s administration to thin forests near villages and towns at risk of climate-driven wildfires. Near Taos in northern New Mexico, Vicente Fernandez, a mayordomo, or…
By Noe Torres MEXICO CITY (Reuters) – The Mexican peso could remain the top performer among major global currencies in the coming weeks, despite Mexico’s central bank choosing to halt a nearly two-year rate-hike cycle, analysts said. The currency traded at 17.40 per dollar this week, its strongest in seven years, and experts believe the…
SAO PAULO (Reuters) – Brazilian Finance Minister Fernando Haddad said on Friday that a change in the timeline for meeting the inflation target will be discussed with President Luiz Inacio Lula da Silva, countering the current calendar-year target model, which he deemed unnecessarily restrictive. Speaking on the sidelines of a seminar hosted by the central…
By Marc Jones LONDON (Reuters) – The credibility and independence of central banks around the world is at risk if stubbornly-high global inflation rates are not bought under control, the head of the Bank for International Settlements has warned. The BIS, often referred to as the central bankers’ bank, has been calling for a robust…
