By Trevor Hunnicutt (Reuters) -The United States and Mongolia will sign an “Open Skies” civil aviation agreement, Vice President Kamala Harris and Mongolian Prime Minister L. Oyun-Erdene said on Wednesday at the start of discussions focused on Russia, China and economic development. Their meeting in Washington on Wednesday came as the Biden administration works to…
SANTIAGO (Reuters) -LATAM Airlines expects “record” net earnings in 2023 after posting stronger second-quarter results and improved forecasts, company executives said on Wednesday, hoping to bolster investor confidence after the company’s exit from bankruptcy in November. Speaking at a news conference, the Santiago-based airline’s chief financial officer, Ramiro Alfonsin, said the company had enjoyed a…
By Mrinalika Roy and Arathy Somasekhar (Reuters) -Occidental Petroleum on Wednesday raised its full-year production forecast by 1%, but missed second-quarter profit expectations due to a slide in oil and gas prices and took a writedown to exit some operations. Weak oil and gas prices have hit earnings of U.S. oil producers after a bumper…
By Steve Holland and Heather Timmons WASHINGTON (Reuters) -Former Vice President Mike Pence, who confounded attempts by then-President Donald Trump to remain in power after losing the 2020 election, features prominently in the indictment charging Trump with orchestrating a plot to overturn the result. On Jan. 6, 2021, Pence’s role was to take part in…
By Pavel Polityuk KYIV (Reuters) -Russia attacked Ukraine’s main inland port across the Danube River from Romania on Wednesday, sending global food prices higher as it ramped up its use of force to prevent Ukraine from exporting grain. The drone attacks destroyed buildings in the port of Izmail and halted ships as they prepared to…
(Reuters) – Apple’s high-yield savings account offered by its partner Goldman Sachs has reached over $10 billion in customer deposits, the technology giant said on Wednesday. The deposit account, which was launched in April, lets Apple Card users earn an annual percentage yield of 4.15% on savings accounts. U.S. lenders have had to offer higher…
By Camillus Eboh NIAMEY/ABUJA (Reuters) -The self-declared new leader of Niger on Wednesday said the junta would not bow to pressure to reinstate ousted President Mohamed Bazoum, intensifying a standoff with the West African bloc which has threatened to intervene after last week’s coup. The Economic Community of West African States (ECOWAS) has imposed sanctions…
By David Lawder MCLEAN, Virginia (Reuters) -U.S. Treasury Secretary Janet Yellen on Wednesday voiced more complaints about Fitch Ratings’ downgrade of the main U.S. credit rating, calling it “entirely unwarranted” because it ignored improvements in governance metrics during the Biden administration and the country’s economic strength. Speaking at an Internal Revenue Service contractor office near…
By Sri Hari N S and Manya Saini (Reuters) -PayPal Holdings shares fell 7% in extended trading on Wednesday as investors were disappointed by the payments firm’s quarterly operating margin, even as executives said they expect improvement towards the end of the year. Underwhelming margins at PayPal have been worrying analysts in recent quarters. The…
By Davide Barbuscia (Reuters) – Rating agency Fitch on Tuesday downgraded the U.S. government’s top credit rating, a move that drew an angry response from the White House and surprised investors, coming despite the resolution of the debt ceiling crisis two months ago. Traders’ immediate response was to embark on a safe-haven push out of…
