FTX collapse being scrutinized by Bahamas investigators

FTX collapse being scrutinized by Bahamas investigators

Nov 13 (Reuters) – The collapse of FTX is the subject of scrutiny from investigators in the Bahamas, who are looking at whether any “criminal misconduct occurred,” the Royal Bahamas Police said on Sunday. FTX filed for bankruptcy on Friday, one of the highest profile crypto blowups, after traders rushed to withdraw $6 billion from … Read more

Lula’s market lure fades after Brazil’s ‘Liz Truss moment’

Lula’s market lure fades after Brazil’s ‘Liz Truss moment’

BRASILIA, Nov 11 (Reuters) – There is growing investor pessimism that Brazilian President-elect Luiz Inacio Lula da Silva will govern with fiscal discipline as the country’s central bank chief likened a market selloff to a “Liz Truss moment for Brazil.” Brazil’s real currency , and Bovespa stock index (.BVSP) both lost around 4% on Thursday, … Read more

Cuba agrees to accept US deportation flights as border crossings rise

Cuba agrees to accept US deportation flights as border crossings rise

WASHINGTON, Nov 11 (Reuters) – Cuba has agreed for the first time since the pandemic to accept US deportation flights carrying Cubans caught at the US-Mexico border, three US officials told Reuters, giving US authorities a new but limited tool to determine record numbers of Cuban border crossers. US Immigration and Customs Enforcement (ICE) has … Read more

Lula’s honeymoon with Brazil markets ends amid spending plan fears

Lula’s honeymoon with Brazil markets ends amid spending plan fears

BRASILIA, Nov 10 (Reuters) – Brazilian President-elect Luiz Inacio Lula da Silva’s brief honeymoon with financial markets looked finished on Thursday, as he pushed for more room to grow social spending without setting long-term fiscal rules or naming his top economic policymakers . Brazil’s currency and benchmark Bovespa stock index (.BVSP), which rose last week … Read more

Trucker blockades in Brazil increase in wake of Bolsonaro election defeat

Trucker blockades in Brazil increase in wake of Bolsonaro election defeat

SAO PAULO, Oct 31 (Reuters) – Truckers who support Brazil’s outgoing President Jair Bolsonaro escalated their protests on Monday, blocking roads in 20 states in an action that could affect agricultural exports in one of the world’s top food producers and cause wider economic chaos. Bolsonaro lost Sunday’s election to leftist former President Luiz Inacio … Read more

Russia’s Lavrov needles Biden over Cuban missile crisis and Ukraine

Russia’s Lavrov needles Biden over Cuban missile crisis and Ukraine

LONDON, Oct 30 (Reuters) – President Vladimir Putin’s foreign minister on Sunday needled Joe Biden over Ukraine, saying that he hoped the US president had the wisdom to deal with a global confrontation similar to the 1962 Cuban missile crisis. Russia’s invasion of Ukraine has triggered the biggest confrontation between Moscow and the West since … Read more

Exxon strikes oil again in Guyana with two new discoveries

Exxon strikes oil again in Guyana with two new discoveries

Oct 26 (Reuters) – Exxon Mobil Corp (XOM.N) has made two new discoveries at the Sailfin-1 and Yarrow-1 wells in the Stabroek block offshore Guyana, the oil major said on Wednesday, potentially adding more barrels to one of the most closely watched new oil discoveries. Exxon did not disclose how much crude oil or gas … Read more

US charges Russians for shipping military equipment, Venezuelan oil

US charges Russians for shipping military equipment, Venezuelan oil

Russians used German company to ship items -prosecutors Some components found on Ukraine battlefield -prosecutors German company also traded Venezuelan oil -prosecutors NEW YORK/WASHINGTON, Oct 19 (Reuters) – US prosecutors on Wednesday charged five Russian nationals for sanctions evasion and other violations related to shipping military technologies bought from US manufacturers to Russian buyers, some … Read more

OPEC+ members line up to endorse output cut after US coercion claim

OPEC+ members line up to endorse output cut after US coercion claim

US claimed more than one OPEC country coerced into cut Iraq Kuwait, other OPEC+ members, stand by decision Saudi defense minister says decision was purely economic CAIRO Oct 16 (Reuters) – OPEC+ member states lined up on Sunday to endorse a steep production cut agreed this month after the White House, stepping up a war … Read more

US, Canada deliver armored vehicles to Haitian police to fight gangs

US, Canada deliver armored vehicles to Haitian police to fight gangs

WASHINGTON, Oct 15 (Reuters) – US and Canadian military aircraft on Saturday delivered tactical and armored vehicles and other supplies to the Haitian National Police (HNP) to help combat criminal gangs that have worsened a humanitarian crisis in Haiti. “This equipment will assist the HNP in their fight against criminal actors who are fomenting violence … Read more