By Jonathan Stempel NEW YORK (Reuters) – A federal judge said Visa and Mastercard can likely withstand a “substantially greater” settlement with merchants who said they overpaid on swipe fees than the $30 billion accord she rejected this week. U.S. District Judge Margo Brodie in Brooklyn made her assessment in an 88-page opinion released on…
DUBAI (Reuters) – Net foreign direct investment (FDI) inflows to Saudi Arabia rose 5.6% to 9.5 billion riyals ($2.53 billion) in the first quarter of 2024, government data showed on Sunday. Inflows were up 0.6% to 17 billion riyals in the first three months compared with a year earlier, while outflows fell by 5.1% to…
By Mike Spector and Chris Prentice NEW YORK (Reuters) – U.S. prosecutors are meeting with Boeing and fatal-crash victims’ relatives as a July 7 deadline looms for the Justice Department to decide whether to criminally charge the planemaker, according to two people familiar with the matter and correspondence reviewed by Reuters. Justice Department officials met…
By Steve Holland, Tim Reid and David Morgan RALEIGH, North Carolina (Reuters) -President Joe Biden said on Friday he intended to defeat Republican rival Donald Trump in the November presidential election, giving no sign he would consider dropping out of the race after a feeble debate performance that dismayed his fellow Democrats. “I know I’m…
FRANKFURT (Reuters) – Swiss food giant Nestle is targeting stable growth in sales volumes from the second quarter throughout the remainder of the year as cost inflation eases, its CEO told Swiss weekend paper “Schweiz am Wochenende” on Saturday. “From the second quarter and for the rest of the year, we can expect a stable,…
MANILA (Reuters) – The World Bank said on Saturday its board of executive directors has approved $1.25 billion in loans for the Philippines’ education and public infrastructure sectors. In a statement, the World Bank said it will extend a $500 million loan for a Philippine project aiming to repair disaster-hit schools in provinces and improve…
(Reuters) -The U.S. Army awarded Lockheed Martin a multi-year contract worth $4.5 billion for its air defense Patriot Missiles system, the Pentagon said on Friday. The Patriot system is one of an array of sophisticated air defense units supplied by the West to help Ukraine, as it continues its defense against Russia’s invasion. The contract…
By Stephanie Kelly, Steve Holland and Nandita Bose (Reuters) -U.S. President Joe Biden’s shaky performance against Republican rival Donald Trump on Thursday rattled Democrats and prompted some strategists to ask whether their party should take the unprecedented step of replacing him as their candidate. Biden supporters had hoped Thursday night’s debate would dispel worries that…
(Reuters) – Pershing Square USA, a fund managed by billionaire Bill Ackman, said on Friday it plans to offer shares at $50 each in its initial public offering in New York. Ackman is launching a new investment portfolio that will be available to anyone who can invest in the United States, including retail investors. The…
By Chris Prentice and Pete Schroeder WASHINGTON (Reuters) – The Supreme Court’s move to curb federal agency powers could curtail efforts by the U.S. Securities and Exchange Commission to establish new rules to police Wall Street and invite more litigation, legal experts said in the wake of Friday’s landmark ruling. The court overturned a 1984…
