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By John O’Donnell, Francesco Canepa and Alexandra Schwarz-Goerlich FRANKFURT/VIENNA (Reuters) – Austria’s Raiffeisen Bank International said on Friday it hadreceived a request for information from the United States’ sanctions authority about its business related to Russia. The bank said that it had received the request from the U.S. Treasury Department’s Office of Foreign Assets Control…
By Jack Queen (Reuters) – The eye-popping $787.5 million settlement Fox made to resolve the Dominion Voting Systems defamation lawsuit left unanswered one of the biggest questions in the case: was the Denver-based voting-technology company owed as much as it claimed? Dominion in its lawsuit said Fox News and parent company Fox Corp ruined its…
GENEVA (AP) — Swiss bank Credit Suisse unveiled Thursday a “radical strategy” aimed to overcome a string of recent troubles that have dented its reputation, involving cost cuts, staff reductions, steps to lower risk and a cash infusion through a share purchase from a leading Saudi bank. The Zurich-based bank also said it will revive…
By Lucia Mutikani WASHINGTON (Reuters) – U.S. single-family homebuilding rebounded sharply in August, but a moderate increase in building permits suggested that the momentum was unlikely to be sustained against the backdrop of rising supply of new homes on the market. The jump in single-family housing starts reported by the U.S. Commerce Department on Wednesday…
By Michael S. Derby (Reuters) – For all the assertions that the pandemic and the inflation surge that followed it have put an end to the low-interest-rate era, key officials at the Federal Reserve and elsewhere still see a return to that world as a likely outcome down the road. The Fed is nearing the…
WASHINGTON (Reuters) – U.S. retail sales increased more than expected in June as consumers bought motor vehicles and a range of other goods even as they paid more for gasoline. Retail sales rose 1.0% last month, the Commerce Department said on Friday. Data for May was revised up to show sales falling 0.1% instead of…
SINGAPORE (Reuters) – Singapore’s United Overseas Bank reported on Thursday a 74% surge in core profit in the first quarter from a year earlier on the back of strong net interest and non-interest income growth. The lender’s core profit, which excludes one-off expenses, rose to a record S$1.58 billion ($1.20 billion) in the first quarter,…
SYDNEY (Reuters) – Australia’s unemployment rate stood at its lowest in almost 50 years in April as firms took on more full-time workers, a tightening in the labour market that will ratchet up pressure for further hikes in interest rates. Figures from the Australian Bureau of Statistics on Thursday showed the jobless rate held at…
By Jonathan Stempel (Reuters) -Elon Musk will not be subjected to a “gag order” preventing him from discussing a lawsuit claiming he defrauded Tesla Inc shareholders by tweeting in 2018 about taking his electric car company private, a federal judge ruled on Wednesday. U.S. District Judge Edward Chen in San Francisco agreed with Musk and…
(Reuters) -Tyson Foods is reintroducing certain antibiotics to its chicken supply chain and will drop its “no antibiotics ever” tagline from Tyson-branded chicken products, a Tyson spokesperson said on Sunday. This will involve drugs that the company said are not important to human health. The antibiotics that Tyson plans to add to some of its…
