Dollar Eases From Near Two-decade Peak As Jackson Hole Looms
The U.S. dollar edged back from near a two-decade peak against a basket of major currencies on Thursday as investors looked to a speech by Federal Reserve Chair Jerome Powell the following day for fresh clues on the path for monetary policy.
South Korea Delivers 25-bp Rate Hike To Combat Inflation
South Korea's central bank raised its key interest rate by a quarter-percentage point as expected on Thursday, in a bid to contain inflation and prevent capital outflows as the U.S.
Kobe Bryant Widow Awarded $16 Million Over Crash Site Photos
The widow of the late basketball star Kobe Bryant was awarded $16 million by a jury on Wednesday over the sharing of photos of human remains at the helicopter crash site where her husband, their 13-year-old daughter Gianna and seven others were killed in 2020, according to multiple media reports.
Uvalde, Texas, School Board Fires Police Chief In Wake Of Shooting Criticism
The Uvalde, Texas, school board on Wednesday fired the school district's embattled police chief for his much-criticized handling of the shooting rampage that killed 19 children and two teachers in the city three months ago.
Billionaire Och Sues Former Firm Sculptor Over Escalating CEO Pay
The billionaire Daniel Och on Wednesday sued Sculptor Capital Management Inc, accusing the asset manager he helped found of letting its chief executive officer wield his power over its board to extract "ever-escalating" pay despite subpar performance.
Tuvalu Minister Says Both China, U.S. Needed For Climate Change Action
Both the United States and China need to be on board to ensure peace and bring action on climate change, Tuvalu's foreign minister said on Thursday.
Colombia Will Not Extradite Criminals Who Fulfill Deals With Gov't -Petro
Colombian President Gustavo Petro said on Wednesday that drug traffickers who comply with government surrender conditions and exit the trade will not be extradited to face charges abroad.
Ghislaine Maxwell Sued By Her Lawyers Over Unpaid Fees
Ghislaine Maxwell has failed to pay some $878,000 in fees to two lawyers who defended the now-convicted British socialite against criminal charges she helped Jeffrey Epstein abuse teenage girls, the lawyers' firm said in a new lawsuit.
Canada Says Lawmakers' Taiwan Trip Is No Pretext For Chinese Aggression
China should not use a planned visit to Taiwan by Canadian lawmakers as pretext for either military or economic aggression, a spokesperson for Foreign Minister Melanie Joly said on Wednesday.
Argentina Mulls Requesting IMF Loan From Resilience Trust -source
Argentina is considering asking for an International Monetary Fund loan under its new Resilience and Sustainability Trust (RST), designed to help countries ensure sustainable growth, a source with direct knowledge told Reuters on Wednesday.
U.S. Releases 2019 Memo That Argued Against Charging Trump With Obstruction
The Justice Department on Wednesday released under court order a 2019 memo in which two top officials advised then-Attorney General William Barr not to charge then-President Donald Trump with obstructing Special Counsel Robert Mueller's investigation into Russian interference in the 2016 U.S.
Twitter Staff Exodus Accelerates Amid Musk Battle, Whistleblower Complaint
Twitter Inc is facing more employee departures, company executives told staff on Wednesday, as leaders sought to address multiple challenges, including whistleblower allegations and a legal battle with billionaire Elon Musk.
Pakistan Rejects India's Closure Of Missile Firing Incident Into Its Territory
Pakistan rejected India's closure of the incident of the firing of a supersonic missile into Pakistani territory on March 9, and reiterated demand for joint probe, said a statement by Ministry of Foreign Affairs issued Wednesday night.
Exclusive-German Government Sees Problems With Coal, Oil Supplies -document
Germany's government is concerned about possible problems with the coal supply for power plants in the autumn and winter due to low water levels on the river Rhine and the oil supply in eastern parts of the country, a document seen by Reuters said.
Google To Roll Out Anti-disinformation Campaign In Some EU Countries
Google's Jigsaw subsidiary will next week launch a campaign aimed at tackling disinformation about Ukrainian refugees in Poland, Slovakia, and the Czech Republic based on research by psychologists at two British universities.
Judge Rejects Revlon Shareholders' Demand For A Bankruptcy Equity Committee
A U.S. bankruptcy judge on Wednesday declined to appoint an equity committee in Revlon Inc's bankruptcy, rejecting a minority shareholder demand for a greater say in the cosmetics company's restructuring.
Dell's Enterprise Heft Likely To Shield Blow From Slowing PC Sales
Dell Technologies' focus on corporate clients is likely to shield the company from a slowdown in the personal computer market and help power upbeat quarterly earnings on Thursday, analysts and industry experts said.
Peloton Taps Amazon To Boost U.S. Sales Of Exercise Bikes, Accessories
Peloton Interactive Inc said it would start selling its exercise bike and other fitness accessories on e-commerce giant Amazon.com Inc in the United States in a bid to combat a slowdown in sales from pandemic highs.
Palestinian Hunger Striker Held By Israel Could Die At Any Moment, Lawyer Says
A Palestinian prisoner who has been on hunger strike for over 160 days in protest over his detention by Israel could die at any moment, his lawyer said on Wednesday.
Hedge Funds Suffer Big Outflows In Q2 - Data
Investors yanked a net $7.8 billion out of hedge funds in the second quarter, industry data published on Wednesday showed, as volatile markets sent many looking for safer places to keep their cash.
South Africa's COSATU Leads Union Protests Over High Cost Of Living
Hundreds of South Africans protested in Pretoria and Cape Town on Wednesday against inflation that has soared to a 13-year high, in an action led by trade union group COSATU, a long-time ally of the ruling African National Congress.
Canada's Royal Bank Earnings Disappoint, National Bank Beats
Royal Bank of Canada (RBC) on Wednesday missed analyst estimates for third-quarter profit, while National Bank of Canada did slightly better than expected, as the former's capital markets business weighed on earnings while the latter's helped lift them.
Texas Judge Blocks Biden Administration Emergency Abortion Guidance
A federal judge in Texas late on Tuesday blocked President Joe Biden's administration from enforcing new guidance in the Republican-led state requiring hospitals to provide emergency abortions to women regardless of state bans on the procedure.
Russian Consumer Prices Dip Again But Inflation Expectations Rise
Consumer prices in Russia declined for the seventh week running, as the rouble's appreciation in the past few months and a drop in consumer demand slow the pace of price growth, although households' expectations of future inflation increased.
TCS, Owner Of Russia's Tinkoff Bank, Sees H1 Profit Drop
TCS Group Holding's first-half net profit dropped to a five-year low, hit by higher funding costs and conservative provisioning, the owner of Russian online bank Tinkoff said on Wednesday.
People Facing Acute Food Insecurity Reach 340 Million Worldwide -WFP
The number of people facing acute food insecurity worldwide has more than doubled to 345 million since 2019 due to the COVID-19 pandemic, conflict and climate change, the World Food Programme (WFP) said on Wednesday.
India Central Bank Lifts Curbs On AmEx After Compliance On Data Rules
The Reserve Bank of India on Wednesday lifted curbs imposed on American Express last year that had prevented it from taking on new customers in India, saying the U.S.
Biden To Cancel Student Loans For Millions Of U.S. Borrowers Wednesday
U.S. President Joe Biden will announce Wednesday that the government will forgive $10,000 in student loans for many of the country's debt-saddled college-goers, sources say, a move that could boost support for Democrats in midterm elections, but may increase inflation as well.
Afghan Women Open Library To Counter Growing Isolation
Afghan women's rights activists opened a library in Kabul on Wednesday, hoping to provide an oasis for women increasingly cut off from education and public life under the ruling Taliban.
Exclusive-Major Traders, Banks Cut Business Ties With Russia-backed Indian Refiner -sources
Many global oil traders and banks have stopped dealing with Indian refiner Nayara Energy, a Rosneft affiliate, as they are worried about Western sanctions over Russia's invasion of Ukraine, two people with knowledge of the matter told Reuters.