Category: Reuters
-
Ethiopia’s birr drops 30% as central bank floats currency By Reuters
•
Written by Dawit Endeshaw ADDIS ABABA (Reuters) – Ethiopia’s central bank decided to float the country’s birr currency on Monday, a move the government hopes will secure International Monetary Fund support and make progress on a long-delayed debt restructuring. The Commercial Bank of Ethiopia, the country’s largest lender, said the…
-
BetMGM expects further losses amid investment in customer experience By Reuters
•
(Reuters) – U.S. sports betting company BetMGM reported an interim loss on Monday and said it expects to post a loss in the second half of the year as it invests more in customer experience and additional marketing. The joint venture between MGM Resorts (NYSE:) and Entain reported a core…
-
Yen rises amid fragile sentiment ahead of BOJ, Fed decisions By Reuters
•
By Kevin Buckland TOKYO (Reuters) – The yen edged up on Monday, reversing earlier declines, as sentiment remained fragile after the Japanese currency’s best weekly rise since late April following a sharp drop in U.S. technology stocks that sparked demand for safe-haven assets. Traders are now awaiting policy decisions by…
-
Asia shares rebound, hoping for dovish outlooks in US and UK By Reuters
•
By Wayne Cole SYDNEY (Reuters) – Asian shares rose on Monday in a busy week of earnings and three central bank meetings that could see the United States and the United Kingdom open the door to monetary easing while Japan could raise borrowing costs in a move toward “normalcy.” Oil…
-
Former Rockwell Collins chief being considered for Boeing CEO, report says By Reuters
•
(Reuters) – Former Rockwell Collins president Kelly Ortberg has joined the list of candidates Boeing Co is seriously considering to be the company’s next chief executive, The Air Current reported on Sunday, citing industry officials. Ortberg, Spirit Aerosystems (NYSE:S) CEO Pat Shanahan and Boeing Chief Operating Officer Stephanie Pope are…
-
Former Rockwell Collins chief being considered for Boeing CEO, report says By Reuters
•
(Reuters) – Former Rockwell Collins president Kelly Ortberg has joined the list of candidates Boeing Co is seriously considering to be the company’s next chief executive, The Air Current reported on Sunday, citing industry officials. Ortberg, Spirit Aerosystems (NYSE:S) CEO Pat Shanahan and Boeing Chief Operating Officer Stephanie Pope are…
-
Fidelity, Nomura line up bids for Ola Electric’s India IPO, sources say By Reuters
•
Written by Aditya Kalra NEW DELHI (Reuters) – The initial public offering of Indian e-scooter maker Ola Electric, backed by SoftBank, will attract bids from investors including Fidelity, Nomura and Norway’s Norges Bank as well as several Indian investment funds, two sources familiar with the matter told Reuters. Ola Electric,…
-
Israel vows to hit Hezbollah after rocket kills 12 on football field By Reuters
•
By Avi Ohayon MAJDAL SHAMS, Golan Heights (Reuters) – Thousands of mourners attended the funerals on Sunday of 12 children and teenagers killed in a rocket attack on the occupied Golan Heights, as Israel vowed swift retaliation against Hezbollah militia in Lebanon. Hezbollah has denied responsibility for the attack on…
-
US home insurers suffer biggest loss of century in 2023 By Reuters
•
(Reuters) – U.S. home insurers will suffer their worst underwriting loss this century in 2023, ratings agency A.M. Best said on Monday, as a toxic mix of natural disasters, inflation and population growth in vulnerable areas put a vital financial market under severe strain. Homeowners insurance companies suffered a net…
-
Spooked U.S. stock market faces tech earnings minefield, Fed meeting By Reuters
•
By David Randall NEW YORK (Reuters) – Nervous investors are bracing for earnings from the market’s biggest technology companies, a Federal Reserve policy meeting and closely watched employment data in a week that could determine the immediate path for U.S. stocks after a bout of intense turmoil. A months-long rally…
-
Explainer-Is the Hezbollah-Israel conflict about to spiral? By Reuters
•
(Reuters) – A deadly missile strike on the occupied Golan Heights has added to fears that Israel and the Iranian-backed Lebanese group Hezbollah could slide into all-out war – something both have previously indicated they want to avoid but also said they are prepared for. Israel said on Sunday it…
-
Japan urges G20 vigilance against excessive FX fluctuations By Reuters
•
Written by Makiko Yamazaki RIO DE JANEIRO (Reuters) – Japan has urged its G20 counterparts to be more vigilant against excessive volatility in foreign exchange rates caused by speculation, Japan’s top currency diplomat Masato Kanda said on Thursday. Kanda said at a press conference held during the meeting of G20…
-
Dollar treads water after tame US inflation report, yen rally stalls By Reuters
•
By Alden Bentley NEW YORK (Reuters) – The dollar ended little changed on Friday, pressured by a drop in Treasury yields after a weak U.S. inflation report that investors said kept the door open for the Federal Reserve’s expected monetary policy easing in September. The Commerce Department’s personal consumption expenditures…
-
Japan touts G20 reaffirmation of forex commitments as key achievement By Reuters
•
Written by Makiko Yamazaki RIO DE JANEIRO (Reuters) – Japan sees the recent G20 joint statement’s affirmation of existing commitments against excessive exchange rate volatility as a major achievement, Japanese Finance Minister Shunichi Suzuki said on Friday. “We believe there have been significant achievements at the G20, such as including…
-
How El Chapo’s son helped U.S. arrest fabled narco chief “El Mayo” By Reuters
•
Written by Drazen Georgic (Reuters) – As a helicopter flew toward the U.S.-Mexico border on Thursday to cross illegally, U.S. agents rushed to meet it at a small municipal airport near El Paso, Texas, and arrested two men who were part of a Mexican drug lord’s family. The son of…
-
Paris Olympics opening ceremony draws 28.6 million US viewers, most since 2012 By Reuters
•
Written by Sheila Dang PARIS (Reuters) – The opening ceremony of the Paris Olympic Games drew 28.6 million U.S. viewers, according to preliminary data from Comcast Corp’s NBCUniversal on Saturday, making it the most-watched opening of a Summer Olympics since London in 2012. Friday’s celebration featured sports delegations floating down…
-
Olympics-Athletics-Briton Christie says Lyles’ brash comments could backfire By Reuters
•
By Lori Ewing PARIS (Reuters) – Great British runner Linford Christie believes Noah Lyles would be better off letting his races speak for themselves, saying the American’s brash comments are fuelling rivalry between his rivals. Confident Lyles is not shy about achieving his goal of four gold medals at the…
-
Indian PM Modi likely to visit Ukraine in August, local media reports By Reuters
•
NEW DELHI (Reuters) – Indian Prime Minister Narendra Modi is likely to visit Ukraine next month, a local media report said, his first visit to the country since its war with Russia began and just weeks after he met Russian President Vladimir Putin in Moscow. The Ukrainian embassy in New…
-
Blinken meets China’s Wang after chiding Beijing’s ‘escalating actions’ at sea By Reuters
•
By Simon Lewis VIENTIANE (Reuters) – U.S. Secretary of State Antony Blinken met his Chinese counterpart Wang Yi on Saturday at a regional summit in Laos, hours after he criticized Beijing’s “escalatory and unlawful actions” in the South China Sea. Blinken and Wang shook hands and greeted each other in…