September 8, 2021 KAZAN, Russia (Reuters) – Dennis Praet’s first-half goal secured a narrow 1-0 away win for Belgium over Belarus in Kazan on Wednesday to move them closer to World Cup qualification. The midfielder’s 33rd-minute strike maintained Belgium’s unbeaten run in Group E as they advanced to 16 points, nine points ahead of the […]
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Mexico cuts Pemex’s tax burden, forecasts 4.1% growth for 2022
September 8, 2021 By Anthony Esposito and Stefanie Eschenbacher MEXICO CITY (Reuters) -Mexico’s government on Wednesday proposed sharply reducing the tax burden for state oil firm Petroleos Mexicanos and forecast economic growth of 4.1% for 2022, as Latin America’s second largest economy continues to recover from a COVID-19-induced slump. The finance ministry’s 2022 draft budget, […]
Reid Hoffman’s latest book gives us 10 ways to rethink entrepreneurship
When you’re in the mood for a pep talk, who better to turn to than a well-networked, optimistic mentor who is naturally in your corner? That friendly shoulder is the role that “Masters of Scale” wants to play. Inspired by LinkedIn co-founder and Greylock partner Reid Hoffman’s hit podcast, the new book, co-authored by Hoffman […]
Tennis – Zverev eases past Harris into U.S. Open semi-finals
September 8, 2021 By Steve Keating NEW YORK (Reuters) – Fourth seed Alexander Zverev extended his winning streak to 16 matches by easing past South African Lloyd Harris 7-6(6) 6-3 6-4 and into the semi-finals of the U.S. Open on Wednesday where the German looms large as a potential roadblock to Novak Djokovic’s bid for […]
Tennis – Serena not on entry list for Indian Wells, Osaka currently in
September 8, 2021 (Reuters) – Serena Williams, who sat out the U.S. Open due to a torn hamstring, was not on the entry list released on Wednesday for next month’s BNP Paribas Open in Indian Wells while Naomi Osaka was one of five former champions entered in the women’s draw. While four-times Grand Slam champion […]
Analog Devices expects Maxim deal earnings boost to kick in earlier
September 8, 2021 (Reuters) – U.S. semiconductor maker Analog Devices Inc said on Wednesday its takeover of Maxim Integrated Products is now expected to add to adjusted earnings twelve months after closing. The current timeline is six months ahead of Analog’s initial forecast, and the company expects the deal to be neutral to adjusted earnings […]
Lululemon raises full-year forecast betting on strong athleisure demand
September 8, 2021 (Reuters) – Lululemon Athletica Inc raised its full-year forecast on Wednesday, after beating revenue estimates on strong demand for its comfortable leggings and sports bras, sending the apparel maker’s shares up 9%. Sportswear makers saw strong demand over the past year as people worked out at home during the COVID-19 pandemic, spurring […]
GameStop beats second-quarter revenue estimates as shoppers return to stores
September 8, 2021 BOSTON (Reuters) – GameStop Corp, the videogame retailer at the center of this year’s “meme stock” trading frenzy, beat analysts’ estimates for quarterly revenue on Wednesday, as vaccinations encouraged people to return to its stores. Net sales rose to $1.18 billion in the second quarter ended July 31 from $942 million a […]
Chinese businessman gets 2 years in prison for exporting U.S. marine tech to China
September 8, 2021 By Nate Raymond BOSTON (Reuters) – A Chinese businessman was sentenced on Wednesday to two years in prison after admitting that he illegally exported marine technology with uses in anti-submarine warfare from the United States for the benefit of a Chinese military university. Shuren Qin, who founded a company that sold oceanographic […]
Tennis – Raducanu surprises herself with U.S. Open run
September 8, 2021 By Amy Tennery NEW YORK (Reuters) – No one is more surprised than Emma Raducanu herself. The British teenager became the first qualifier to reach the U.S. Open semi-finals by beating Olympic champion Belinda Bencic in straight sets on Wednesday. “I didn’t expect to be here at all,” Raducanu told reporters. “I […]
France’s Sanofi to buy U.S. biopharma firm Kadmon in $1.9 billion deal
September 8, 2021 PARIS (Reuters) -French drugmaker Sanofi said on Wednesday it would buy U.S. biopharmaceutical company Kadmon Holdings for 1.9 billion dollars, one month after announcing the purchase of another US biotech, Translate Bio, for $3.2 billion. Sanofi said it has offered $9.50 per share in cash for Kadmon, representing a total equity value […]
U.S. banking regulator proposes removal of updated fair lending regulations
September 8, 2021 By Pete Schroeder WASHINGTON (Reuters) – The U.S. Office of the Comptroller of the Currency on Wednesday proposed rescinding recently updated fair lending rules, as the agency begins work on drafting a new, unified regulation with other bank watchdogs. Under the proposal, the OCC would go back to the previous 1995 regulations […]
Biden administration plans tougher action to rein in meat prices
September 8, 2021 By Trevor Hunnicutt WASHINGTON (Reuters) -The Biden administration plans to take a tougher stance toward meatpacking companies it says are causing sticker shock at grocery stores. Four companies control much of the U.S. meat processing market, and top aides to President Joe Biden blamed those companies for rising food prices in a […]
North Korea appears to stage night-time military parade -media
September 8, 2021 SEOUL (Reuters) -North Korea appears to have staged a night-time military parade of a type it has used in the past to unveil new military hardware including large ballistic missiles, South Korean and other media focused on the country reported on Thursday. South Korea’s Yonhap news agency said the parade appeared to […]
Analysis-Bolsonaro rallies base but turns off allies and markets
September 8, 2021 By Anthony Boadle BRASILIA (Reuters) – Far-right President Jair Bolsonaro filled wide avenues in Brazil’s biggest cities with his supporters on Tuesday, but the depth of their fervor did little to help his narrowing appeal. While his attacks on the Supreme Court and election integrity may keep his core base activated – […]
Fintech is transforming the world’s oldest asset class: Farmland
Artem Milinchuk Contributor Share on Twitter Artem Milinchuk is the founder and CEO of FarmTogether, a fintech platform channeling funding into natural assets, starting with U.S. farmland. Farmland as an asset class has proven itself to be a stable investment decade after decade. Farmland’s negative correlation with the Dow Jones Industrial Average sits at an […]
Exclusive-Britain no longer in top 10 for trade with Germany as Brexit bites
September 8, 2021 By Michael Nienaber and Rene Wagner BERLIN (Reuters) -Britain is on course to lose its status as one of Germany’s top 10 trading partners this year for the first time since 1950, as Brexit-related trade barriers drive firms in Europe’s largest economy to look for business elsewhere. Britain left the European Union’s […]
Uruguay advances free trade talks with China, aims to be Mercosur ‘gateway’
September 8, 2021 MONTEVIDEO (Reuters) – Uruguay’s government is pushing ahead with free trade talks with China, hoping the small South American nation can became a “gateway” for the regional Mercosur bloc in negotiations with the Asian powerhouse. Uruguayan President Luis Lacalle Pou, who has long pushed for an agreement with China to boost exports […]
U.S. markets regulator takes aim at Coinbase lending product
September 8, 2021 WASHINGTON/HONG KONG (Reuters) -The U.S. Securities and Exchange Commission has told Coinbase Global Inc that it plans to sue the cryptocurrency exchange if it goes ahead with plans to launch a programme allowing users to earn interest by lending digital assets, Coinbase said. The top U.S. markets regulator last week told Coinbase […]
Tesla plans to begin trading solar, wind and battery storage energy
September 8, 2021 (Reuters) – U.S. electric vehicle maker Tesla is looking to staff an energy trading desk to support its battery and renewable power projects, according to Telsa’s website and an employee post on career site LinkedIn.com. “I’m building a new team at Tesla focused on Energy Trading and Market Operations,” wrote Julian Lamy, […]