SEOUL (Reuters) – South Korea will tighten export controls against Russia, by banning exports of strategic items, and join Western countries’ moves to block some Russian banks from the SWIFT international payments system, Seoul’s foreign ministry said on Monday. The Korean government has also decided to promote the additional release of strategic oil reserves for…
(Reuters) – A California state agency on Wednesday filed a lawsuit accusing Tesla Inc of tolerating discrimination against Black workers at an assembly plant, mirroring claims in several other pending cases against the electric-car maker, the Wall Street Journal reported. California’s Department of Fair Employment and Housing (DFEH) filed a lawsuit in state court which…
By Nupur Anand NEW YORK (Reuters) – U.S. bank shares slid on Tuesday after Moody’s downgraded several small to mid-sized banks and said it may revise the credit ratings of some of the nation’s biggest lenders, sparking concerns about the health of the lenders. Here’s what analysts are saying about the downgrade and the risks…
WASHINGTON (Reuters) -The U.S. Supreme Court on Thursday preserved the ability of people to sue for civil rights violations under an 1871 law as it rejected a bid to prevent an Indiana nursing home resident’s family from suing over his care at a government-run facility. The justices in a 7-2 ruling written by liberal Justice…
BEIJING (AP) — China’s imports and exports shrank in November under pressure from weakening global demand and anti-virus controls at home. Exports sank 9% from a year ago to $296.1 billion, worsening from October’s 0.9% decline, customs data showed Wednesday. Imports fell 10.9% to $226.2 billion, down from the previous month’s 0.7% retreat in a…
By Nell Mackenzie and Carolina Mandl LONDON/NEW YORK (Reuters) – Property markets knocked by high interest rates and the end of cheap financing have caught the eye of hedge funds. U.S. and European commercial property markets face lingering office vacancies, diminished retail activity and higher refinancing costs, while investors are wary of highly indebted Chinese…
(Reuters) – Icahn Enterprises said on Thursday that it plans to give away $2 per depositary unit for the quarter ended March 31, days after Hindenburg’s short-selling report. (Reporting by Mehnaz Yasmin in Bengaluru; Editing by Maju Samuel)
By Kate Lamb and Stanley Widianto JAKARTA (Reuters) – ASEAN chair Indonesia on Tuesday stressed the importance of the regional bloc’s unity in remaining credible, as its foreign ministers started talks expected to touch on the thorny issue of engaging Myanmar’s ostracised ruling generals. The meeting of the Association of Southeast Asian Nations in Jakarta…
By Ismail Shakil OTTAWA (Reuters) -The Bank of Canada (BoC) said on Friday it has picked longtime central bank executive Rhys Mendes as its new deputy governor, making him the first person of color to that role. Mendes, who will start in the role on July 17, will fill a vacancy created by the departure…
(Reuters) -Traffic was stopped on the Russian-built Crimean Bridge due to “an emergency” situation, Russia-installed officials said on Monday, while Ukrainian media reported blasts on the bridge. Sergei Aksyonov, a Russian-installed governor, said the emergency occurred on the 145th pillar of the bridge which links the Crimean peninsula to the Russian region of Krasnodar. He…
