By Luc Cohen NEW YORK -A former director of Venezuelan military intelligence pleaded not guilty on Thursday to U.S. drug trafficking charges, after a more than 10-year effort by the Department of Justice to bring him to U.S. soil. Hugo Carvajal, 63, arrived in the United states on Wednesday after being extradited from Spain. He…
By Sourasis Bose (Reuters) -Newmont missed second-quarter profit estimates on lower production and higher costs, sending shares of the world’s largest gold miner down on Thursday. Since early June, Newmont’s operations at Penasquito mine in Mexico has remained suspended in response to a labor strike notice, hurting output. Newmont last month told Reuters it declared…
(Reuters) – A group led by blockchain investors Matthew Roszak and Peter Vessenes are nearing a $125 million deal for cryptocurrency-focused media firm CoinDesk, the Wall Street Journal reported on Thursday, citing people familiar with the matter. CoinDesk is currently owned by crypto conglomerate Digital Currency Group (DCG), which bought it in 2016. Any sale…
By Moira Warburton and Josephine Walker WASHINGTON (Reuters) -The top Republican in the U.S. House of Representatives said on Thursday he did not promise Donald Trump that he would pass a measure aimed at expunging the former president’s two impeachments. “There’s no deal,” House Speaker Kevin McCarthy told NBC following a report by the Politico…
By Khushi Mandowara and Pratik Jain (Reuters) -Abbott Laboratories on Thursday beat quarterly profit expectations as a rebound in surgical procedure volumes drove demand for medical devices despite high inflation-driven costs, sending shares up by nearly 4%. Demand for medical devices and non-COVID-19 testing is expected to rise this year, as older adults in particular…
BEIJING (Reuters) – China and the United States agreed to maintain close communications after climate envoys from both countries met in Beijing, China’s environment ministry said on Thursday. China’s climate envoy Xie Zhenhua and his U.S. counterpart John Kerry discussed policy measures and progress on actions both countries have taken to address climate change, the…
(Reuters) – British lender Virgin Money UK said on Thursday it will close 39 stores as the company continues to see a drop in footfall and transaction volumes. “Access to a bank and cash is a fundamental need for all our local high streets,” UK’s labour union Unite said in a separate statement about the…
By Shreyashi Sanyal and Shristi Achar A (Reuters) -Europe’s STOXX 600 index closed at a one-month high on Thursday, supported by miners, banks and healthcare sectors, although chip stocks saw a heavy selloff after Taiwanese chipmaker TSMC’s bleak sales forecast. The pan-European STOXX 600 index was up 0.4%, extending gains to the third straight session….
NAIROBI (Reuters) – Some U.S. companies buying minerals from countries including the Democratic Republic of Congo and its eastern neighbours are still failing to properly authenticate that the metals don’t come from conflict zones, the U.S. Government Accountability Office (GAO) said in a report. A number of companies sourcing minerals such as tin, tungsten, tantalum…
LONDON (Reuters) – ABB warned on Thursday of slowing Chinese demand, Taiwanese chipmaker TSMC forecast a drop in 2023 sales and Electrolux cautioned shoppers are seeking cheaper appliances, deepening worries about global corporate and economic health. The news cast a pall over stocks as second-quarter earnings season ramps up. The S&P 500 and Nasdaq futures…
