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September 27, 2021 (Reuters) – Former world number one Kim Clijsters, in her latest comeback to tennis, suffered a 6-3 5-7 6-3 loss to Taiwan’s Hsieh Su-wei in first-round action at the Chicago Fall Classic on Monday. The 38-year-old Belgian, who accepted a wild card into the hardcourt event, looked competitive during her first match […]

September 27, 2021 (Reuters) – Aurora Cannabis Inc, reported a smaller fourth-quarter core loss on Monday, as the pot producer benefited from aggressive cost-cut measures and higher demand for cannabis and related products. Pandemic-induced lockdowns have lifted demand for cannabis-related products from homebound customers, while the new sector-friendly policy changes, including access to federal banking, […]

September 27, 2021 WASHINGTON (Reuters) -The higher prices and hiring difficulties seen as the U.S. economy reopens from the pandemic could prove “more enduring than anticipated,” and the Federal Reserve would move against unchecked inflation if needed, Fed Chair Jerome Powell said in remarks prepared for delivery to the Senate Banking Committee on Tuesday. “The […]

September 27, 2021 By Jonnelle Marte (Reuters) -The Federal Reserve may soon start to reduce the pace of its asset purchases if the economy continues to improve as expected, New York Federal Reserve Bank President John Williams said on Monday. It is clear there has been “substantial further progress” toward the Fed’s goal for inflation […]

September 27, 2021 By Jonathan Stempel NEW YORK (Reuters) -Wells Fargo & Co will pay $37.3 million to settle U.S. government claims it fraudulently overcharged commercial clients on foreign exchange services, the latest in a string of scandals over the bank’s treatment of customers. Monday’s settlement resolves U.S. Department of Justice civil fraud charges against […]

Asheesh Birla Contributor Share on Twitter Asheesh Birla is the GM of RippleNet at Ripple. Every day, we see another traditional financial institution scrambling to figure out its crypto strategy, and it’s clear why. Crypto is past the tipping point of mainstream consciousness, and use cases like cross-border payments are firmly outside of the sandbox […]

September 27, 2021 LOS ANGELES (Reuters) – A mixture of relief and disbelief greeted the guilty verdict on Monday in the sex trafficking trial of singer R. Kelly, the most high profile musician brought down in the #MeToo era. Kelly, once one of the biggest selling R&B singers with hits like “I Can Believe I […]

September 27, 2021 (Reuters) – The Tony Awards for Broadway theatre were handed out in New York on Sunday after a delay of more than a year caused by the coronavirus pandemic. Following is a list of winners in key categories. BEST PLAY “The Inheritance” BEST MUSICAL “Moulin Rouge! The Musical BEST REVIVAL OF A […]

September 27, 2021 By Luis Jaime Acosta BOGOTA (Reuters) – At least ten members of a group of FARC rebel dissidents were killed in an armed forces bombing in Colombia’s southeastern jungle, the head of the military said on Monday. Though the Revolutionary Armed Forces of Colombia (FARC) signed a peace accord in 2016 and […]

September 27, 2021 By Charlotte Greenfield ISLAMABAD (Reuters) – Pakistan has discussed Taliban-led Afghanistan joining the multibillion-dollar China-Pakistan Economic Corridor (CPEC) infrastructure project, the Pakistani ambassador to the country said on Monday. “Regional connectivity is an important element of our discussion with Afghan leadership and our way forward for our economic interaction with Afghanistan,” said […]

September 27, 2021 By Jon Nazca and Nacho Doce LA PALMA, Spain (Reuters) -A volcano on Spain’s La Palma island began ejecting lava again on Monday after a lull, while hundreds of people in coastal villages hunkered down in anticipation of lava emitted in previous days reaching the sea and releasing toxic gas. Spurts of […]

September 27, 2021 BEIRUT (Reuters) – Prime Minister Najib Mikati said on Monday he will meet with the advisory firm Lazard soon to see how a financial recovery plan it drafted for Lebanon could be developed into a “more realistic” vision for getting the country out of its crisis. Lebanon would be very lucky if […]

September 27, 2021 MADRID (Reuters) -Real Madrid missed the chance to go five points clear at the top of LaLiga as they were held 0-0 by Villarreal at the Bernabeu on Saturday. The result means Carlo Ancelotti’s side move onto 17 points, three above city rivals Atletico Madrid, who lost 1-0 away to Alaves earlier […]

September 27, 2021 (Reuters) – World number one Ash Barty has withdrawn from next month’s WTA 1000 tournament at Indian Wells, the tournament said on Monday, casting doubts on whether her 2021 season is over. Wimbledon champion Barty last played at the U.S. Open where she was knocked out in the third round. Barty’s withdrawal […]

September 27, 2021 WASHINGTON (Reuters) – Mizuho Capital Markets LLC has agreed to pay $1.5 million to settle U.S. Commodity Futures Trading Commission (CFTC) charges the firm failed to comply with certain swap dealer requirements from 2013 until at least April 2021, the agency said on Monday. The unit of Mizuho Bank agreed to pay […]

September 27, 2021 (Reuters) – Citigroup Inc has named former U.S. Treasury official Brent McIntosh as its new general counsel and corporate secretary, Chief Executive Officer Jane Fraser wrote in a memo to employees on Monday. McIntosh, who will succeed Rohan Weerasinghe, will join the bank on Oct. 25. Weerasinghe, retiring after nearly a decade […]

September 27, 2021 (Reuters) – Dallas Federal Reserve Bank President Robert Kaplan on Monday said he will leave his job on Oct. 8 to eliminate any “distraction” to the central bank related to his personal investment activities. “The recent focus on my financial disclosure risks becoming a distraction to the Federal Reserve’s execution of that […]

September 27, 2021 (Reuters) – The Federal Reserve has said it will start to reduce its bond purchases as soon as November if the economy continues on its current track. Some officials will watch the September jobs report, due Oct. 8, for a final bit of evidence that the labor market has achieved “substantial further […]

September 27, 2021 By Jonnelle Marte and Howard Schneider WASHINGTON (Reuters) -Two Federal Reserve officials that came under scrutiny for investment trades they made last year announced their retirements on Monday. Dallas Fed Bank President Robert Kaplan said on Monday afternoon that he will retire on Oct. 8, citing the “distraction” of the controversy that […]

September 27, 2021 By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – Cryptocurrency investment products and funds posted inflows for a sixth consecutive week, as investors viewed recent regulatory challenges in the sector as buying opportunities, data from digital asset manager CoinShares showed on Monday. Inflows to the sector hit $95 million last week, led by investments […]