(Reuters) – The U.S. State Department has approved the potential sale of medium-range air-to-air missiles to the Netherlands for an estimated cost of $807 million, the Pentagon said on Friday. The principal contractor for the sale will be RTX Corp, the Pentagon said in a statement. (Reporting by Costas Pitas and Ismail Shakil)
WASHINGTON (Reuters) – Two U.S senators have asked the Federal Trade Commission and Justice Department to investigate online betting platforms DraftKings and FanDuel over concerns they are coordinating against competitors. In a letter dated Dec. 5, Republican Senator Mike Lee and Democratic Senator Peter Welch asked for an investigation following reports that the two companies …
Two US senators seek antitrust probe of DraftKings, FanDuel Read More »
By Howard Schneider and Ann Saphir CHICAGO/PALO ALTO, California (Reuters) – Federal Reserve officials appear on track to cut interest rates this month after data showed the U.S. labor market remained strong but continued to cool in November, even as debate emerged over a possible pause to rate cuts in the new year. U.S. employers …
Fed seen poised to cut rates this month, debate 2025 pause Read More »
By Luc Cohen NEW YORK – A former Allianz fund manager was spared prison time on Friday over his role in a meltdown of private investment funds sparked by the COVID-19 pandemic that caused an estimated $7 billion of investor losses. Gregoire Tournant, 57, of Basalt, Colorado, pleaded guilty in June to two counts of …
Former Allianz employee spared prison time over $7 billion funds collapse Read More »
By Mumal Rathore and Pranoy Krishna (Reuters) – The Bank of Canada will slash interest rates by a half percentage point at a second consecutive meeting on Dec. 11, according to a majority of economists polled by Reuters, many of whom changed their view on news of a sharp rise in unemployment. The BoC is …
Bank of Canada to slash rates by another 50 bps on Dec. 11: Reuters poll Read More »
(Reuters) -U.S. President-elect Donald Trump on Thursday said he was appointing former PayPal Chief Operating Officer David Sacks as his “White House A.I. & Crypto Czar,” another step towards overhauling U.S. policy. “He will work on a legal framework so the Crypto industry has the clarity it has been asking for, and can thrive in …
Trump appoints former PayPal exec David Sacks as AI and crypto czar Read More »
By Chris Prentice and Andrew Goudsward NEW YORK (Reuters) – The U.S. Justice Department (DOJ) has fielded over 250 tips from whistleblowers about potential misconduct in the first several months of a pilot program, a top official said on Friday. The program, which was launched in August, has already proven successful at generating new leads …
US whistleblower program generates hundreds of tips, DOJ official says Read More »
MEXICO CITY (Reuters) – Shares in Mexican retailer Grupo Elektra rose by nearly 20% on Friday, erasing a part of the losses it has accumulated during the week. The company registered its worst-ever day of trading on Monday, after the country’s market regulator lifted a trading suspension on the shares. Despite the latest gains, its …
Shares in Mexico’s Elektra regain ground, erasing fraction of earlier losses Read More »
By David Lawder (Reuters) -Donor countries have pledged a record $100 billion three-year replenishment of the World Bank’s fund for the poorest nations, providing a vital lifeline for their struggles against crushing debts, climate disasters, inflation and conflict. The World Bank made the announcement on Friday in Seoul at a pledging conference for the International …
World Bank wins $100 billion replenishment of fund for poorest countries Read More »
By Sinead Cruise and Lawrence White LONDON (Reuters) – President-elect Donald Trump’s return to the White House is seen fuelling a dealmaking revival that could bolster investment banking income to $316 billion globally next year, a jump of about 5.7% on 2024, data seen by Reuters shows. M&A bankers are forecast to rake in about …
Investment banks eye 2025 income boom as Trump drives deal rebound Read More »
