By Tiyashi Datta (Reuters) -Salesforce Inc posted an 11% rise in quarterly revenue, its slowest pace of growth in 13 years, as companies dialed back spending on cloud-based software offerings in an uncertain economy. Shares of the San Francisco, California-based company fell nearly 5% in trading after the bell. They have surged by more than…
KHARTOUM (Reuters) -Sudan’s army suspended talks with a rival paramilitary force on Wednesday over a ceasefire and aid access, raising fears the six-week-old conflict will push Africa’s third largest country deeper into a humanitarian crisis. The armed forces said in a statement it halted talks in the Saudi city of Jeddah, accusing the other side…
By Brad Brooks (Reuters) – Texas Governor Greg Abbott on Wednesday appointed an interim attorney general to fill in for Ken Paxton, who was impeached last week on allegations of corruption and other irregularities. Abbott said in a written statement that he had appointed John Scott, an attorney and former Texas secretary of state under…
WASHINGTON (Reuters) – U.S. Senate Republican leader Mitch McConnell said he expected the debt ceiling bill to pass the House of Representatives on Wednesday and come to the Senate as soon as Thursday. “We anticipate the bill passing and coming over to us as soon as tomorrow,” McConnell told reporters at the U.S. Capitol. “We…
By Trevor Hunnicutt, Krishn Kaushik and Rajesh Kumar Singh WASHINGTON/NEW DELHI (Reuters) – The Biden administration is poised to sign off on a deal that would allow General Electric Co to produce jet engines powering Indian military aircraft in that country, according to three people briefed on the decision. A deal finalizing the joint production…
By Alison Frankel (Reuters) – Indicted FTX founder Sam Bankman-Fried seems to be gearing up to blame the lawyers who helped him establish the crypto exchange. That’s the subtext of a motion filed on Tuesday by his lawyers at Cohen & Gresser, who are defending Bankman-Fried against federal charges of fraud, conspiracy and bribery. They’re…
By Jamie McGeever (Reuters) – A look at the day ahead in Asian markets from Jamie McGeever. A batch of purchasing managers index reports from across the Asia-Pacific region will offer local markets direction on Thursday, with investors likely to be in a cautious mood following Wednesday’s global market moves. If the PMI data on…
NEW YORK (Reuters) – JPMorgan Chase & Co’s former general counsel Stephen Cutler wrote in a 2011 email that the late financier and sex offender Jeffrey Epstein should not be a client of the bank, according to a transcript of a deposition of Chief Executive Jamie Dimon obtained by Reuters. Dimon said in the deposition…
By Kanishka Singh WASHINGTON (Reuters) – The United States has asked Mexico to review whether workers at a Draxton facility in the Mexican city of Irapuato were being denied the rights to freedom of association and collective bargaining, the office of U.S. Trade Representative Katherine Tai said on Wednesday. Since the U.S.-Mexico-Canada agreement on trade,…
(Reuters) -Harvey Pitt, a former chairman of the U.S. Securities and Exchange Commission, died on Tuesday, according to a statement from the director of the SEC Historical Society shared with Reuters. Pitt, who was appointed to lead the SEC by President George W. Bush in 2001, oversaw the closure of financial markets in the wake…
