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FedEx’s trucking spin-off plan to fortify core business, boost industry
Posted inStock

FedEx’s trucking spin-off plan to fortify core business, boost industry

By Abhijith Ganapavaram (Reuters) -FedEx’s decision to spin off its freight trucking unit will strengthen that business while allowing the parcel delivery giant to better tackle challenges in its core…
Posted by December 20, 2024
Exclusive-US plans to blacklist company that ordered TSMC chip found in Huawei processor, source says
Posted inStock

Exclusive-US plans to blacklist company that ordered TSMC chip found in Huawei processor, source says

By Alexandra Alper and Karen Freifeld (Reuters) – The Biden administration plans to blacklist a Chinese company whose TSMC-made chip was illegally incorporated into a Huawei artificial-intelligence processor, according to…
Posted by December 20, 2024
Goldman Sachs sees modest growth impact from EU defense spending
Posted inEconomy

Goldman Sachs sees modest growth impact from EU defense spending

Investing.com — European defence spending is set to increase as geopolitical tensions and trade uncertainty mount, but the growth boost likely to be modest, Goldman Sachs said in a note. “Market…
Posted by December 20, 2024
Hardline Republicans reject Trump’s debt ceiling demand, focused on deficit worry
Posted inEconomy

Hardline Republicans reject Trump’s debt ceiling demand, focused on deficit worry

By Steve Holland and Richard Cowan WASHINGTON (Reuters) – Republican hardliners who normally are ardent supporters of President-elect Donald Trump are resisting his push to raise the U.S. debt ceiling,…
Posted by December 20, 2024
Colombia’s central bank delivers smaller rate cut than expected
Posted inEconomy

Colombia’s central bank delivers smaller rate cut than expected

By Nelson Bocanegra and Carlos Vargas BOGOTA (Reuters) – The board of Colombia’s central bank on Friday voted to cut its benchmark interest rate by a surprise 25 basis points…
Posted by December 20, 2024
Brazil’s Congress passes fiscal package, government plays down changes to the measures
Posted inEconomy

Brazil’s Congress passes fiscal package, government plays down changes to the measures

SAO PAULO (Reuters) – Brazil’s Congress approved a government-proposed fiscal package on Friday that includes measures to contain spending aimed at putting the country’s finances on a more sustainable path.…
Posted by December 20, 2024
Fitch raises Sri Lanka rating after creditor nod to $12.55 billion debt overhaul
Posted inEconomy

Fitch raises Sri Lanka rating after creditor nod to $12.55 billion debt overhaul

(Reuters) – Credit ratings agency Fitch on Friday upgraded Sri Lanka’s long-term foreign-currency default rating to ‘CCC+’ from ‘restricted default’ (RD) following approval by creditors of the country’s $12.55 billion…
Posted by December 20, 2024
Canada PM Trudeau looks set to lose power after key ally vows to topple him
Posted inEconomy

Canada PM Trudeau looks set to lose power after key ally vows to topple him

By David Ljunggren OTTAWA (Reuters) -Canadian Prime Minister Justin Trudeau on Friday looked set to lose power early next year after a key ally said he would move to bring…
Posted by December 20, 2024
US consumer watchdog sues top banks over alleged fraud on Zelle payment app
Posted inStock

US consumer watchdog sues top banks over alleged fraud on Zelle payment app

By Manya Saini (Reuters) -The U.S. Consumer Financial Protection Bureau said on Friday it had filed a lawsuit against JPMorgan Chase (NYSE:JPM), Bank of America, and Wells Fargo (NYSE:WFC) for…
Posted by December 20, 2024
US agency proposes to streamline self-driving car exemption reviews
Posted inStock

US agency proposes to streamline self-driving car exemption reviews

(Reuters) – The National Highway Traffic Safety Administration on Friday proposed a new process to streamline reviews of exemptions filed by automakers seeking to deploy self-driving vehicles without required human…
Posted by December 20, 2024

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