Analysis-Citigroup's Russia Exit Removes One Obstacle For CEO, But Challenges Remain
In less than two years at the helm of Citigroup Inc, Jane Fraser has unveiled plans to exit Russia in a bid to pare down risky assets and cull consumer businesses in 13 other countries to focus on multinational companies and the wealthy.
Analysis-New U.S. Rules On EV Subsidies Slam Hyundai, Kia's Dreams
After grabbing the No. 2 spot in the U.S. electric vehicle market with stylish, long-range models, Hyundai Motor and Kia are the automakers with the most to lose from new rules that halt subsidies for EVs made outside North America.
Tennis-Williams Retirement On Hold After Win Over World Number Two
Playing more like a world number one than a player ranked outside the top 600, Serena Williams turned back the clock on Wednesday to stun world number two Anett Kontaveit 7-6(4) 2-6 6-2 and move into the third round of the U.S.
Zambia Wins IMF Board Approval For $1.3 Billion Loan Program
Zambia won International Monetary Fund approval for a $1.3 billion, 38-month loan program on Wednesday, a crucial step in the southern African country's quest to restructure its debts and rebuild an economy ravaged by mismanagement and COVID-19.
Asia's Factory Activity Slumps On China's COVID Curbs, U.S. Slowdown
Asia's factory activity slumped in August as China's zero COVID curbs and cost pressures continued to hurt businesses, surveys showed on Thursday, darkening the outlook for the region's fragile economic recovery.
Texas Governor Buses Migrants To Chicago Amid Border Security Dispute
The state of Texas bused a group of about 60 newly arrived migrants to Chicago on Wednesday, as Republican Governor Greg Abbott expands his effort to push responsibility for border crossers to his Democratic political opponents.
S.Korea August Trade Deficit Hits Record, Adding Pressure On Won
South Korea's export growth slowed in August but imports accelerated, widening the trade deficit to a record amount and adding downside pressure on the won, already hovering at over 13-year lows.
Yen Hits 24-year Low, 140 Level Beckons As Hike Bets Buoy Dollar
The dollar rose broadly on Thursday, particularly against the yen, as investors braced for higher U.S.
U.N. Team To Inspect Ukrainian Nuclear Plant On Mission To Avert Disaster
United Nations inspectors in Ukraine were due on Thursday to visit a Russian-occupied nuclear power plant, Europe's largest, where nearby shelling has prompted bitter recriminations and global fears of disaster.
NY Fed Corporate Bond Distress Index Improved Slightly In August
A new index that measures distress in the U.S. corporate bond markets showed a slight improvement in August, data released on Wednesday showed, suggesting an uptick in investor sentiment heading into U.S.
Malaysian Court To Deliver Verdict In Corruption Trial Of Former First Lady Rosmah
Rosmah Mansor, the wife of former prime minister Najib Razak, will hear on Thursday whether a court has found her guilty of seeking bribes from firms coveting government contracts, just days after her husband was jailed for corruption.
U.S. Officials Order Nvidia To Halt Sales Of Top AI Chips To China
Chip designer Nvidia Corp on Wednesday said that U.S.
Canada's Q2 GDP Growth Lags Expectations; Contraction Seen In July
Canadian economic growth lagged in the second quarter and most likely dipped into negative territory in July, data showed on Wednesday, signaling the economy may be cooling more quickly than expected ahead of a rate decision next week.
Toxic Algae Bloom Kills Off Fish Around San Francisco Bay
Rotting carcasses of striped bass, bat rays and other fish have been washing up on the shores of the San Francisco Bay Area in recent days, after a toxic algae bloom spread across the area.
Michigan Abortion Rights Amendment To Go To State Supreme Court
The group backing a Michigan ballot issue that would legalize abortion in the state said it would appeal to the Michigan Supreme Court after a state board on Wednesday deadlocked over approving the measure for the November ballot.
NASA Orders Five More Astronaut Missions From Musk's SpaceX In $1.4 Billion Deal
SpaceX will launch five more astronaut missions to the International Space Station for NASA at the end of the decade under a $1.4 billion contract order, the U.S.
Japan's Super Tight Jobs Market Fails To Deliver Egalitarian Promise
When Riku Omori's pay at his regular job was slashed by a third, he found temporary work delivering fried chicken and Thai food on his bike on the streets of Kawasaki, south of Tokyo, as a way to supplement his reduced earnings.
Japan Property Lures Private Equity With Solid Yields, Prospective Deals
A new wave of big private equity players including KKR & Co is moving in on Japan's property market, drawn by attractive yield spreads with Japan's low interest rates and by prospective deals with companies that hold under-utilised assets.
Australia Needs Workers But A Million Are Stuck At The Door
A blowout in visa processing times in Australia has left about a million prospective workers stuck in limbo, worsening the acute staff shortages that have crippled businesses and dampened economic sentiment.
Exclusive-Exxon, Shell Close To Selling California Oil And Gas Venture Aera - Sources
Exxon Mobil Corp has joined Shell Plc in seeking to divest their Aera joint venture, and the duo are in advanced talks with a buyer for the California oil and gas producer, three people with knowledge of the matter said.
Apple, HTC Cleared In U.S. Trade Tribunal Dispute Over Wireless Patents
A U.S. appeals court on Wednesday affirmed a win for Apple Inc, HTC Corp and ZTE Corp against allegations that imports of their devices infringe wireless-technology patents.
Bank Of Mexico Says It's Not Tied To Following In Lockstep With U.S. Fed On Rate Hikes
The Bank of Mexico on Wednesday said it is not wed to hiking interest rates in line with the U.S.
Delta Issued $6 Billion In Refunds Since 2020 Due To Flight Disruption
Delta Air Lines Chief Executive Ed Bastian says the airline has issued $6 billion in refunds since 2020 for canceled or significantly changed flights and detailed steps it has taken to improve customer service.
U.S. To Return To Peru Funds Seized From Ex-president In Odebrecht Case
The United States will return to Peru about $686,000 seized from a former president of the country who had received bribes from the Brazilian construction conglomerate Odebrecht, the U.S.
New Mexico To Build $10 Million Clinic To Meet Abortion Demand
New Mexico's governor on Wednesday earmarked $10 million in public funds for a reproductive healthcare clinic to meet an expected rise in demand for abortions from women traveling from neighboring states that have banned the procedure.
Chuck Close's Estate Sues Cigna For Not Paying His Medical Benefits
The estate of Chuck Close, the artist known for massive photorealist portraits of himself and others, on Wednesday sued Cigna Corp, claiming it failed to pay hundreds of thousands of dollars for necessary medical care in the final years of his life.
Explainer-How Will Attorney-client Privilege Affect The Trump Records Probe?
The U.S. Justice Department is opposing a request by former President Donald Trump to appoint a "special master" to determine whether documents seized by federal agents from his Mar-a-Lago home on Aug.
G7 To Discuss Proposed Russian Oil Price Cap On Friday, White House Says
Finance ministers from the Group of Seven club of wealthy nations will discuss the Biden administration's proposed price cap on Russian oil when they meet on Friday, the White House said.
U.S. Private Payrolls Growth Slows In August-ADP
U.S. private payrolls increased moderately in August, according to the ADP National Employment report, which likely exaggerates the slowdown in the labor market as government data continues to point to strong demand for workers and very tight conditions.
Palin Or Peltola? Alaska To Announce Results Of U.S. House Special Election
The state of Alaska on Wednesday will announce the results of a special Aug.