WASHINGTON (Reuters) – The United States has issued a fresh round of Russia-related sanctions targeting 17 individuals, including Sergei Roldugin, a close associate of Russian President Vladimir Putin, a U.S. Department of Treasury said in a notice on its website Thursday. The latest sanctions also targeted 16 entities, seven vessels and three aircraft, the notice…
NEW YORK (Reuters) – Bank of America Corp’s Merrill Lynch unit must pay more than $15.2 million to thousands of customers who bought Class C mutual fund shares when Class A shares were available at substantially lower costs, a U.S. regulator said on Thursday. The Financial Industry Regulatory Authority said Merrill did not admit or…
By Scott DiSavino NEW YORK (Reuters) – Oil prices were little changed after erasing early losses on Thursday after OPEC+ agreed to boost crude output to compensate for a drop in Russian production. The Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia, known as OPEC+, agreed to raise output by 648,000 barrels…
By Silke Koltrowitz ZURICH (Reuters) – With Russian gold and diamonds off-limits due to the war in Ukraine, makers of luxury jewellery and watches are finding it more difficult to secure raw materials and address human rights issues in supply chains. Russia is the world’s biggest producer of natural diamonds, according to the World Diamond,…
WASHINGTON (Reuters) – The number of Americans filing new claims for unemployment benefits unexpectedly fell last week as demand for labor remained strong, helping to underpin the economy amid rising interest rates and tightening financial conditions. Initial claims for state unemployment benefits fell 11,000 to a seasonally adjusted 200,000 for the week ended May 28,…
TAIPEI (Reuters) -Taiwan will continue to be a trusted partner for the global chip industry and help stabilise the supply chain, Economy Minister Wang Mei-hua told a senior European Union official at rare high-level talks on Thursday that Taipei described as a big breakthrough. The EU has been courting Taiwan, a major semiconductor producer, to…
(Reuters) -Moderna Inc will delay its COVID-19 vaccine deliveries to the European Union by several months under an agreement announced on Thursday. The U.S.-based vaccine maker will postpone the delivery of some doses initially planned for the second quarter of 2022 to later in the year, the European Commission said in a statement. This is…
By Paresh Dave OAKLAND, Calif. (Reuters) – General Motors Co’s Cruise on Thursday could become the first company to secure a permit to charge for self-driving car rides in San Francisco, if it can overcome objections by city officials. Self-driving test cars with human safety drivers have become a constant sight in San Francisco, and…
By Julie Gordon and Fergal Smith OTTAWA (Reuters) – An extra C$8,300 ($6,600) in your pocket. That is roughly how much the average Canadian saved during the pandemic, with the central bank betting on C$40 billion in added spending through the end of next year as consumers draw down those stockpiles. But soaring inflation has…
By Selena Li HONG KONG (Reuters) – China’s proposed cybersecurity rules for financial firms could pose risks to operations of western companies by making their data vulnerable to hacking, among other things, a leading lobby group has said in a letter seen by Reuters. The latest regulatory proposal comes at a time when a string…
