By Clark Mindock (Reuters) – A U.S. judge has ordered Canadian energy company Enbridge to shutter portions of an oil pipeline that runs through tribal land in Wisconsin within three years and to pay the tribe nearly $5.2 million for trespassing plus a portion of its profits until the shutdown is completed. U.S. District Judge…
(Reuters) – Inflation in the United States will not decline as quickly as markets are currently pricing, according to a note from strategists at Goldman Sachs cited in a Bloomberg report on Saturday. “Although we expect further declines in inflation going forward, markets appear considerably more optimistic than we are about the pace of cooling,”…
By Baranjot Kaur and Akanksha Khushi (Reuters) -Binance, the world’s biggest cryptocurrency exchange, and Binance.US have entered into an agreement with the U.S. Securities and Exchange Commission to ensure that U.S. customer assets remain in the United States until a sweeping lawsuit filed this month by the regulatory agency is resolved. The agreement, disclosed in…
By Svea Herbst-Bayliss NEW YORK (Reuters) – Blackstone Group’s Scott Bommer, who oversaw its hedge fund unit’s growth strategy Horizon platform, is leaving the company for health reasons, according to two people familiar with the matter. Bommer, a former hedge fund manager, joined Blackstone in 2021 as a senior managing director when the company was…
ZURICH (Reuters) – UBS’s Chief Executive sought to reassure Switzerland on Saturday over its new banking giant, created by the Swiss bank’s historic takeover of former rival Credit Suisse. “The prospects for UBS are better than ever,” Sergio Ermotti wrote in an opinion piece published in the Swiss paper Tages-Anzeiger. “This also applies to the…
TOKYO (Reuters) – Japan plans to stoke competition in smartphone app payments, dominated by Apple and Google, by banning major app store operators from forcing software developers to use the operators’ own payment systems, a government panel said. The final report by the panel, released on Friday, also said major suppliers of smartphone operating systems…
(Reuters) – Binance, Binance.US and the Securities and Exchange Commission (SEC) announced a deal to ensure that only Binance.US employees could access customer funds, CoinDesk said on Saturday. (Reporting by Baranjot Kaur in Bengaluru; Editing by Stephen Coates)
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…
