WASHINGTON/LONDON (Reuters) – Britain and the United States backed a new “Atlantic Declaration” on Thursday for greater cooperation on pressing economic challenges in areas like clean energy, critical minerals and artificial intelligence. The joint declaration described the partnership as the “first of its kind” in covering the broad spectrum of the two countries’ economic, technological,…
By Dan Burns (Reuters) – U.S. household wealth climbed to the highest in a year in the first three months of 2023, led by the stock market’s recovery from last year’s bear market and mushrooming appetite for high-yielding U.S. government bonds, data from the Federal Reserve on Thursday showed. Household net worth rose by more…
WASHINGTON (Reuters) -The White House on Thursday denied a report that the United States and Iran were nearing an interim deal under which Iran would curb its nuclear program in return for sanctions relief. “This report is false and misleading,” said a spokesperson for the White House National Security Council, referring to an article on…
(Reuters) – TD Bank Group CEO Bharat Masrani said he was confident the bank, Canada’s second biggest lender, would resolve issues with regulators that led to the collapse of its planned $13.4 billion acquisition of regional lender First Horizon. Masrani’s comments come after TD last month called off the deal citing lack of clarity on…
By Abigail Summerville and Anirban Sen NEW YORK (Reuters) – U.S. grains merchant Bunge Ltd is putting the final touches on a deal to merge with Glencore Plc-backed peer Viterra and create an agricultural trading giant worth more than $30 billion, including debt, people familiar with the matter said on Thursday. The deal, whose terms…
By Karen Brettell NEW YORK (Reuters) – The dollar fell on Thursday after data showed that U.S. jobless claims rose more than expected in the latest week, though the market was generally viewed as consolidating ahead of key inflation data and the Federal Reserve’s interest rate decision next week. The number of Americans filing new…
By Hilary Russ NEW YORK (Reuters) -Starbucks should hire a law firm that is not hostile to labor unions as the coffee chain – under increasing scrutiny for its treatment of unionized employees – begins an outside assessment of its labor practices, four shareholders said in a letter on Thursday. The shareholders, including Trillium Asset…
By Luc Cohen and Jack Queen NEW YORK (Reuters) -Donald Trump on Thursday asked for a new trial in the civil case brought by E. Jean Carroll, in which a jury in Manhattan last month found the former U.S. president liable for sexually abusing and defaming the writer and awarded her $5 million in damages….
By David Lawder WASHINGTON (Reuters) – The World Bank Group’s new president, Ajay Banga, will visit Peru and Jamaica next week, kicking off a months-long global tour aimed at accelerating the global lender’s evolution to tackle the climate crisis and reinvigorate its development mission, the World Bank said on Thursday. Banga, a former Mastercard CEO…
WASHINGTON (Reuters) – The International Monetary Fund on Thursday said it expects the global sovereign debt roundtable to make “tangible” progress toward quicker debt restructurings for heavily indebted countries during a series of meetings in coming weeks. IMF spokesperson Julie Kozack confirmed that technical talks would be held on Friday, with a workshop on comparability…
