By Portia Crowe and Divya Rajagopal DAKAR (Reuters) -At least four subcontractors employing several hundred people at Barrick Gold’s complex in Mali are laying off staff following a two-year dispute between the Canadian miner and the state, according to documents seen by Reuters and people familiar with the matter. Some of the subcontractors said they…
By Daniel Wiessner (Reuters) -A federal judge on Friday temporarily blocked the administration of President Donald Trump from stripping hundreds of thousands of federal employees of the ability to unionize and collectively bargain over working conditions. Senior U.S. District Judge Paul Friedman in Washington, D.C., blocked a March executive order by Trump from being implemented…
By Pete Schroeder and Michael S. Derby WASHINGTON (Reuters) -Rising risks around global trade, general policy uncertainty, and the sustainability of U.S. debt topped the list of potential risks to the U.S. financial system in a new Federal Reserve survey released on Friday. The bi-annual Fed survey of financial risks was the first since President…
By Jessica DiNapoli, Juveria Tabassum NEW YORK (Reuters) -Procter & Gamble is betting consumers will shell out for $380 electric toothbrushes, spruced-up Pampers diapers and pocket-sized Always pads, which command higher prices, to offset new costs from the Trump administration’s erratic tariff policy. Without the ability to easily move sourcing out of China, P&G is…
By Richa Naidu, Hyunjoo Jin and Jessica DiNapoli LONDON/SEOUL/NEW YORK (Reuters) -Businesses across multiple industries are hiking prices, backing away from previous financial guidance and warning of growing uncertainty as U.S. President Donald Trump’s trade war pushes up costs, upends supply chains and stirs concerns about the global economy. Earnings releases on Thursday showed that…
(Reuters) – JPMorgan Chase has promoted 227 employees in its commercial and investment bank (CIB) division to the coveted role of managing director, according to a memo seen by Reuters on Thursday. Among the newly appointed MDs, 184 are part of CIB’s core businesses, including global banking, markets, payments and securities services. The managing director…
By Douglas Gillison and Chris Prentice WASHINGTON/NEW YORK (Reuters) -The U.S. Securities and Exchange Commission has lost 16% of its workforce since this time last year, two sources briefed on the matter said, leaving Wall Street’s top regulator with gaps across key divisions at a time of market turmoil. Most of those staff members left…
By Trevor Hunnicutt and Timothy Aeppel WASHINGTON (Reuters) -President Donald Trump could sign as soon as Wednesday an order to improve job training for skilled trades, an initiative twinned with tariffs in his gambit to revive U.S. manufacturing, a White House summary seen by Reuters showed. The Labor, Education and Commerce departments will focus on…
WASHINGTON (Reuters) -The recent shifts in asset portfolio allocations away from the dollar may represent a move from overweighting dollar assets to a more natural weighting between dollars and other currencies, including the euro, European Central Bank executive board member Philip Lane said on Wednesday. Lane told a panel discussion at an Institute of International…
(Reuters) – Chipotle Mexican Grill on Wednesday tempered its annual comparable sales growth forecast as sticky inflation and economic uncertainty force consumers to rein in spending on dining out. The company’s shares were down 5% in after-hours trading. They have fallen about 22% so far this year. Chipotle now expects annual comparable sales growth in…
