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Virgin Orbit enters $17 million 'stalking horse' bid to sell aircraft assets
Virgin Orbit enters $17 million 'stalking horse' bid to sell aircraft assets
(Reuters) -Bankrupt satellite launch company Virgin Orbit said on Tuesday it entered into a "stalking horse" agreement with Stratolaunch to
2023-05-17 13:24
How the debt ceiling showdown could play into China's hands and weaken US global power
How the debt ceiling showdown could play into China's hands and weaken US global power
President Joe Biden's pledge to the world that "America is back" after a period of political turbulence is looking a little shaky after a debt showdown with Republicans forced him to shorten an Asia-Pacific trip designed to showcase US power amid a challenge from China.
2023-05-17 12:30
Record inflation: Five ways Argentines try to cope
Record inflation: Five ways Argentines try to cope
With inflation above 100%, Argentines have devised a number of strategies to deal with the crisis.
2023-05-17 08:56
Credit Suisse faces restrictions on business till deal closure
Credit Suisse faces restrictions on business till deal closure
Credit Suisse Group AG faces certain restrictions in its ability to do business until its acquisition by rival
2023-05-17 08:28
Argentina: VP Cristina Fernández says she won't run for president
Argentina: VP Cristina Fernández says she won't run for president
Argentine Vice President Cristina Fernández made it official Tuesday that she will not be running for president again, putting the brakes on an effort by members of her party to push her to become a candidate in the October election. Fernández, who was president 2007-2015, made her decision public through a statement published on her website in which she slammed the judiciary, accusing the courts of trying to forbid her from running for office again as part of an alliance with the opposition. With her decision, the center-left Fernández throws the ruling Peronist party into disarray amid uncertainty over who could be its candidate in this year’s presidential elections. President Alberto Fernández, whose tenure has been marked by an ongoing economic crisis that has included a sharp devaluation of the local currency and annual inflation of more than 100%, already said last month he would not be seeking reelection. “I will not be a puppet of those in power for the sake of any candidacy. I have demonstrated, like no one else, that I prioritize the collective project over personal ambitions,” Cristina Fernández said. The 70-year-old vice president said she’s prevented from running for office by a prison sentence of six years and a lifelong ban from holding public office she received late last year as part of a case involving corruption through public works during her presidency. She has denied all charges and the ruling still has to be confirmed by higher courts before it becomes effective. “I will not engage in the perverse game they impose on us under the guise of democracy,” she wrote. Allies of the vice president have been pushing for her to run for the presidency and regularly chant “President Cristina” during her public appearances. Although Fernández, who is not related to current president Alberto Fernández, had already said she wouldn’t run for president, she often played coy in public speeches. The vice president published her statement days before allies had announced a big rally in downtown Buenos Aires on May 25, which is a national holiday in Argentina, to push her to run. With both the president and vice president out of the running, all eyes are now likely to set on Economy Minister Sergio Massa, a center-right Peronist who has long had presidential ambitions although his tenure in the office he took on last year has not gone as he hoped. Massa had said his goal was for monthly inflation to decelerate to 3% by April. Instead, it accelerated to 8.4%. Read More Ukraine war’s heaviest fight rages in east - follow live Charity boss speaks out over ‘traumatic’ encounter with royal aide
2023-05-17 08:24
UBS sets aside $4 billion for potential lawsuits on Credit Suisse deal
UBS sets aside $4 billion for potential lawsuits on Credit Suisse deal
(Reuters) -Swiss bank UBS Group AG has set aside $4 billion in provisions for potential litigation and regulatory issues stemming
2023-05-17 06:45
Barclays technology banker joins Citigroup
Barclays technology banker joins Citigroup
By Milana Vinn NEW YORK Ed Wehle, a senior Barclays Plc technology banker, has resigned to join U.S.
2023-05-17 04:24
Lyft names Erin Brewer as CFO
Lyft names Erin Brewer as CFO
Lyft Inc said on Tuesday it has named Erin Brewer as its chief financial officer. Brewer will replace
2023-05-17 04:22
Biden G7: President to cut short foreign trip for debt ceiling talks
Biden G7: President to cut short foreign trip for debt ceiling talks
Joe Biden will head home after a G7 meeting in Japan for talks with congressional leaders in the US.
2023-05-17 04:21
GE, Ikea, Home Depot defeat University of California bid for light bulb import bans
GE, Ikea, Home Depot defeat University of California bid for light bulb import bans
By Blake Brittain A group of companies including General Electric Co, Ikea Supply AG and Home Depot Inc
2023-05-17 03:52
Biden cancels visits to Australia and Papua New Guinea as debt ceiling negotiations continue
Biden cancels visits to Australia and Papua New Guinea as debt ceiling negotiations continue
President Joe Biden is canceling his upcoming visits to Papua New Guinea and Australia due to the ongoing debt ceiling negotiations in Washington, an administration official told CNN.
2023-05-17 03:48
Mexican president: 'No problem' if Grupo Mexico buys Citi's Banamex unit
Mexican president: 'No problem' if Grupo Mexico buys Citi's Banamex unit
By Brendan O'Boyle MEXICO CITY (Reuters) -Negotiations over the sale of Citigroup Inc's Mexican retail bank Citibanamex are "going really
2023-05-17 02:51
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