By Tommy Wilkes LONDON (Reuters) -Three more insurance companies including Tokio Marine have left a United Nations-backed net-zero climate alliance, leaving the group with about half the number of members it counted two months ago as insurers take fright at U.S. political pressure. Some Republican politicians have mounted a campaign against financial institutions collaborating to…
By Steve Scherer and Nia Williams (Reuters) -Alberta’s election of conservative leader Danielle Smith puts her on a collision course with Canada’s Liberal Prime Minister Justin Trudeau over climate policies that she claims will undermine the province’s massive fossil fuel industry. Smith, leader of the United Conservative Party (UCP), defeated left-leaning New Democratic Rachel Notley…
WASHINGTON (Reuters) – Representative Ralph Norman, a hardline conservative Republican, said he will vote against the debt ceiling bill when it comes before the U.S. House Rules Committee later on Tuesday, if it is not amended. (Reporting by David Morgan in Washington)
BRASILIA (Reuters) – Brazil’s newly introduced fiscal framework is stricter than they appear and will require a discussion of important spending cuts, Gabriel Galipolo, the executive secretary of the Finance Ministry, said on Tuesday. Lawmakers in the lower house of Congress last week passed the main text of legislation that is set to replace the…
NEW YORK (Reuters) – Here are some stocks that could benefit, according to analysts at U.S. brokerage BTIG, if U.S. lawmakers this week pass a bipartisan deal to raise the $31.4 trillion debt ceiling, avoiding a potentially catastrophic default. * An agreement to slash funding for the Internal RevenueService by $20 billion is expected to…
By Daphne Psaledakis WASHINGTON (Reuters) – The United States on Tuesday imposed punitive measures on two Syrian money service businesses it said help the government maintain access to the international financial system in violation of sanctions, in Washington’s first action targeting Syria since its readmittance to the Arab League. The U.S. Treasury Department in a…
By Jason Lange WASHINGTON (Reuters) – What could happen on Main Street if Washington’s political showdown over the debt ceiling stopped the government from cutting checks that fund a quarter of the economy? Americans could quickly notice painful blows to their retirement accounts as stock markets swooned, and within days the lack of federal payments…
WASHINGTON (Reuters) – The International Monetary Fund said on Tuesday that it has reached a staff-level agreement with Ukraine for the first review of the war-torn country’s $15.6 billion IMF loan program, which would allow for a $900 million disbursement to Kyiv upon approval by the IMF Executive Board. The IMF said in a statement…
By Brad Brooks and Maria Caspani LUBBOCK, Texas (Reuters) -The Texas House on Saturday voted to impeach Attorney General Ken Paxton, a conservative firebrand and ally of former President Donald Trump who has been accused by his fellow Republicans of abuse of office. In historic proceedings, the 149-member House voted 121-23 to impeach Paxton after…
MOSCOW (Reuters) – Russia’s central bank issued a hawkish signal on Tuesday, just over a week before it is next due to set interest rates, warning that pro-inflationary risks of growing consumer demand and a weakening rouble could require tighter monetary policy. The bank is determined to bring annual inflation back to its 4% target…
