By Foo Yun Chee BRUSSELS (Reuters) -McDonald’s does not have the exclusive right to the term “Big Mac” for poultry products in Europe after five straight years of not using it, the r[...]
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June 5, 2024
NY Fed official tells bond market to get ready for central clearing
By Michael S. Derby (Reuters) – A top Federal Reserve Bank of New York official said Wednesday it’s time now for market participants to get prepared for new clearing rules looming in the Treasur[...]
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Vanguard says it backed Exxon board, but cites investor rights concerns
By Ross Kerber (Reuters) – Vanguard said its funds supported the election of Exxon’s director nominees at its annual meeting last week, but the mutual fund giant cited lingering concerns a[...]
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US SEC’s Gensler welcomes competition on multiple clearing houses for Treasuries
By Davide Barbuscia (Reuters) – Gary Gensler, chair of the Securities and Exchange Commission, said on Wednesday he welcomed competition around having multiple clearing houses for U.S. Treasurie[...]
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Oil rises 1% as Fed rate cut optimism offsets demand fears
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices climbed 1% on Wednesday, rebounding from four-month lows, as hopes of an interest rate cut by the U.S. Federal Reserve in September outweighed demand[...]
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Nvidia’s stock market value hits $3 trillion for first time
(Reuters) – Nvidia’s stock market value hit $3 trillion for the first time on Wednesday as the chipmaker benefited from a race between Wall Street’s heavyweights to dominate AI techn[...]
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MercadoLibre investments in Brazil this year to top initial forecast
By Andre Romani CAJAMAR, Brazil (Reuters) – Latin American e-commerce giant MercadoLibre expects its investments in Brazil this year to exceed the 23 billion reais ($4.35 billion) initially plan[...]
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China’s SPIC invests $147 million in Brazil wind farms, launches solar parks
By Leticia Fucuchima SAO PAULO (Reuters) – Chinese electricity company SPIC announced on Wednesday a 780 million reais ($147.41 million) investment in construction of two new wind farms in North[...]
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Amazon Labor Union affiliates with Teamsters
(Reuters) – The Amazon Labor Union (ALU) has agreed to affiliate with the International Brotherhood of Teamsters, one of the largest U.S. labor unions, in the latest sign that unionization effor[...]
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