By David Brunnstrom and Simon Lewis WASHINGTON (Reuters) – Washington hopes to rally Southeast Asian nations to take tougher action against Myanmar’s military junta and to push back on China’s actions in the South China Sea as top U.S. diplomat Antony Blinken heads to the region for meetings next week, a State Department official said…
By Abhijith Ganapavaram (Reuters) -U.S. private equity firm 777 Partners has said it is in talks with Boeing Co and Franco-Italian turboprop maker ATR over a new jet order, as it looks to enter more markets amid a boom in air travel. “We’ve been in discussions with the (aircraft) manufacturers. I think right now the…
By Dietrich Knauth NEW YORK (Reuters) – Bankrupt retailer Bed Bath & Beyond has ended its efforts to find a buyer for its entire Buy Buy Baby business, and it will instead seek U.S. court approval for a more limited sale of Buy Buy Baby’s intellectual property assets. Bed Bath & Beyond had declared Dream…
By Jonathan Stempel (Reuters) – A former U.S. Army financial counselor from New Jersey was criminally charged on Friday with defrauding grieving military families out of life insurance payments, causing millions of dollars of losses while reaping big commissions for himself. The U.S. Department of Justice charged Caz Craffy, 41, of Colts Neck, New Jersey,…
By Howard Schneider WASHINGTON (Reuters) -The U.S. added fewer jobs than anticipated in June but still-strong wage growth and a slight drop in the unemployment rate will likely keep the Federal Reserve on track to raise interest rates at the upcoming July meeting. The 209,000 payroll jobs added in June continued a steady climb down…
By Suleiman Al-Khalidi, Maya Gebeily BEIRUT (Reuters) -As Wagner mercenaries advanced on Moscow in an attempted mutiny in late June, authorities in Syria and Russian military commanders there took a series of swift measures against local Wagner operatives to prevent the uprising spreading, according to six sources familiar with the matter. The previously unreported crackdown…
By Niket Nishant and Hannah Lang (Reuters) -Cryptocurrency exchange Gemini, the largest creditor of bankrupt crypto lending firm Genesis, sued parent company Digital Currency Group (DCG) and its CEO, the day after DCG missed the exchange’s deadline for agreeing to a restructuring deal for the venture capital firm’s troubled unit. DCG and Gemini, two prominent…
By Ann Saphir (Reuters) – Chicago Federal Reserve Bank president Austan Goolsbee on Friday said he does not disagree with his fellow US central bankers that rates will need to rise a couple more times this year to beat back too-high inflation. “I haven’t seen anything that says that’s wrong – that is on the…
By Marco Aquino LIMA (Reuters) – Copper miners in Peru, already battling political uncertainty and regular protests, say they have another hurdle to revving up stalled production of the red metal: too much red tape. The South American country, the world’s No. 2 copper producer, has seen output plateau in the last five years as…
By Deena Beasley and Julie Steenhuysen LOS ANGELES (Reuters) -Eisai and Biogen’s Leqembi won a coveted standard approval nod from the U.S. Food and Drug Administration on Thursday, the first Alzheimer’s treatment to achieve that goal, clearing the way for wider insurance coverage of the drug. The FDA decision marks a new milestone for a…
