By Kanishka Singh WASHINGTON, Jan 8 (Reuters) – President Donald Trump’s administration said on Thursday it was creating a new division at the U.S. Department of Justice to combat what the White House called “rampant” fraud across the country. Rights advocates and critics have said the Trump administration has used fraud allegations as an excuse…
By Saeed Azhar NEW YORK, Jan 7 (Reuters) – The largest U.S. banks are expected to report bigger fourth quarter profits next week, fueled by a surge in investment banking revenue as dealmaking accelerates. The largest U.S. lender, JPMorgan Chase, will kick off earnings season for banks on Jan. 13. Citigroup, Bank of America and…
JERUSALEM, Jan 7 (Reuters) – Bank of America on Wednesday initiated coverage of Israel’s four largest banks with “buy” ratings, saying they are well leveraged and positioned to benefit from post-Gaza war economic momentum. Analyst David Taranto set a price target of 89.5 shekels for Hapoalim, one of Israel’s two biggest banks, implying an 18%…
WASHINGTON, Jan 7 (Reuters) – New U.S. dietary guidelines mention alcohol, which should be consumed in small amounts, Dr. Mehmet Oz, administrator for the Centers for Medicare & Medicaid Services, said on Wednesday. Oz made his remarks to reporters after the release of nutrition guidelines that abandon long-standing recommendations that Americans restrict alcohol consumption to…
By Shivangi Acharya and Nikunj Ohri NEW DELHI, Jan 7 (Reuters) – India’s economic growth is estimated to surge past most initial private and official forecasts, backed by robust domestic demand and government spending, helping New Delhi cope with punitive U.S. tariffs. The near $4 trillion economy is expected to grow 7.4% in the fiscal…
By Rodrigo Campos and Karin Strohecker NEW YORK/LONDON, Jan 4 (Reuters) – The toppling of President Nicolas Maduro has thrust Venezuela’s debt crisis – one of the world’s largest unresolved sovereign defaults – into the limelight. Following years of economic crisis and U.S. sanctions that severed the country from international capital markets, Venezuela defaulted in…
Jan 5 (Reuters) – Venezuela’s acting president on Sunday offered to collaborate with the United States on an agenda focused on “shared development”, striking a conciliatory tone for the first time since U.S. forces captured the oil-rich nation’s president, Nicolas Maduro. In a statement posted on social media, Acting President Delcy Rodriguez said her government…
MOSCOW, Jan 5 (Reuters) – Russia on Monday advised its citizens against travelling to Venezuela. The warning came after U.S. President Donald Trump announced that the United States had carried out a strike on Venezuela and captured President Nicolas Maduro and his wife. Both the Russian Embassy in Caracas and the Economy Ministry issued similar…
By Alexander Villegas and Oliver Griffin SANTIAGO/SAO PAULO, Jan 3 (Reuters) – Latin American leaders were divided between condemnation and jubilation in the wake of a surprise attack on Venezuela early on Saturday that U.S. President Donald Trump said resulted in the capture of Venezuelan leader Nicolas Maduro. While much of the region has long…
ATHENS, Jan 2 (Reuters) – Greece’s manufacturing sector saw an improvement in December as new orders rose at a faster pace, although supply chain disruptions slowed output growth, S&P Global reported on Thursday. The S&P Global Greece Manufacturing Purchasing Managers’ Index (PMI) climbed to 52.9 in December from 52.7 in November. PMI readings above 50.0…
