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Mexican president taps Maria del Carmen Bonilla as deputy finance minister
MEXICO CITY, Aug 12 (Reuters) - Mexican President Claudia Sheinbaum has nominated Maria del Carmen Bonilla as deputy finance minister, local media outlets reported on Tuesday.Bonilla currently leads the ministry's public credit and international affairs unit. The deputy role has been unfilled si...Reuters
Tue, Aug 12
Trump administration says George Washington University violated law over Jewish students, faculty
WASHINGTON, Aug 12 (Reuters) - The Trump administration on Tuesday said it had found George Washington University had violated federal civil rights law regarding Jewish, American-Israeli and Israeli students and faculty and will seek "immediate remediation" from the school.In a statement, th...Reuters
Tue, Aug 12
Soccer-Palace mull legal steps after losing appeal over Europa League demotion
LONDON, Aug 12 (Reuters) - Crystal Palace said on Tuesday they are seeking legal advice on possible next steps after the Court of Arbitration for Sport dismissed the club's appeal against UEFA's decision to demote them from the Europa League to the Conference League.European soccer's gov...Reuters
Tue, Aug 12
US judge won’t block FTC consumer lawsuit against Asbury Automotive
By Mike Scarcella Aug 12 (Reuters) - A judge in Texas has refused to block the U.S. Federal Trade Commission from pursuing consumer protection and racial discrimination claims against a major auto dealership owner that argued the FTC's case was barred by the U.S. Constitution.In an order on M...Reuters
Tue, Aug 12
CIBC Appoints Christian Exshaw as Senior Executive VP & Group Head, Capital Markets
Aug 12 (Reuters) - Canadian Imperial Bank of Commerce CM.TO:CIBC: CHRISTIAN EXSHAW APPOINTED SENIOR EXECUTIVE VP & GROUP HEAD, CAPITAL MARKETSCIBC: KEVIN LI APPOINTED SENIOR EXECUTIVE VP & GROUP HEAD, US REGION; PRESIDENT & CEO, CIBC BANK USACIBC: HRATCH PANOSSIAN, SENIOR EXECUTIVE VP &a...Reuters
Tue, Aug 12
Musk says xAI to take legal action against Apple over App Store rankings
By Surbhi Misra Aug 11 (Reuters) - Billionaire Elon Musk said on Monday his artificial intelligence startup xAI would take legal action against Apple AAPL.O, accusing the iPhone maker of breaching antitrust regulations in managing App Store rankings. "Apple is behaving in a manner that makes ...Reuters
Tue, Aug 12
Blank Check Co Dynamix Corporation III Files For IPO Of Up To $150 Mln
Aug 12 (Reuters) - BLANK CHECK CO DYNAMIX CORPORATION III FILES FOR IPO OF UP TO $150 MILLION - SEC FILINGDYNAMIX CORP III: COHEN & COMPANY CAPITAL MARKETS IS UNDERWRITER TO IPO - SEC FILINGDYNAMIX CORP III: INTEND TO APPLY TO HAVE UNITS LISTED ON NASDAQ UNDER SYMBOL “DNMXU”Source text: [ID:n000...Reuters
Tue, Aug 12
Iran says direct nuclear talks with US possible under suitable conditions
DUBAI, Aug 12 (Reuters) - Iran could hold direct nuclear talks with the United States if conditions are suitable, first Vice President Mohammadreza Aref said on Tuesday, according to state media.But he said U.S. demands for Tehran to drop uranium enrichment entirely were "a joke". A sixth ro...Reuters
Tue, Aug 12
Trump cites 'major lawsuit' against Fed's Powell, again urges rate cut
WASHINGTON, Aug 12 (Reuters) - U.S. President Donald Trump on Tuesday reiterated his call for the U.S. Federal Reserve to lower benchmark rates, and cited "a major lawsuit" against Fed Chair Jerome Powell over renovations of the central bank's buildings."Jerome 'Too Late' Pow...Reuters
Tue, Aug 12
Cash held by US companies halved since 2021 amid high interest rates, data shows
By Ateev BhandariAug 12 (Reuters) - Cash allocations by U.S. corporations have halved since 2021 as elevated interest rates prompt a shift to higher-yielding treasury bills, data from Clearwater Analytics CWAN.N showed on Tuesday.Median allocations to cash - which includes hard currency, money marke...Reuters
Tue, Aug 12
Ex-Fed's Bullard says he's talked with Bessent about Fed chair job
Aug 12 (Reuters) - Former St. Louis Federal Reserve Bank President James Bullard on Tuesday said he spoke with U.S. Treasury Secretary Scott Bessent last week in connection with the White House search for a new Fed chair, and told Bessent that he'd be "happy to proceed however they want to p...Reuters
Tue, Aug 12
etoro CFO Says Co Saw Elevated Trading Activity Following Tariff Announcement In April - Conference Call
Aug 12 (Reuters) - eToro Group Ltd ETOR.O:ETORO CEO SAYS CO IS LAUNCHING TOKENIZED STOCKS - CONFERENCE CALLETORO CEO SAYS CO WILL CONTINUE TO EXPAND CRYPTO ASSETS AND FEATURES FOR U.S. CONSUMERS AND WILL SOON LAUNCH STAKINGETORO CEO SAYS CO IS ROLLING OUT A SUITE OF ARTIFICIAL INTELLIGENCE DRIVEN TO...Reuters
Tue, Aug 12
Deals of the day-Mergers and acquisitions
August 12 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Tuesday: ** Ecolab said it would buy Ovivo's electronics unit for about $1.8 billion in cash to expand its ultra-pure water technology for semiconductor manufacturing, as ...Reuters
Tue, Aug 12
South Korea's Lee, Trump to hold August 25 summit on security alliance, economy
Lee prioritises navigating global trade changes due to Trump's tariffsSummit to discuss strategic alliance, manufacturing and technology partnershipTrump may seek more concessions on defence costs and corporate investmentsBy Jack Kim and Joyce Lee SEOUL, Aug 12 (Reuters) - South Korean Presid...Reuters
Tue, Aug 12
Kenyan activist tries to block new Ritz-Carlton safari lodge opening
Legal action aimed at stopping luxury lodge opening on FridayMaasai conservation group says venture blocks migration corridorMarriott says local developer had all necessary permitsDeveloper says assessment found site was not wildlife crossing pointTourism development is flashpoint in East Africa'...Reuters
Tue, Aug 12
Innovative Solutions and Support Inc expected to post earnings of 15 cents a share - Earnings Preview
Innovative Solutions and Support Inc ISSC.OQ ISSC.O is expected to report resultson August 14 for the period ending June 30 2025The Exton Pennsylvania-based company is expected to report revenue of $18.163 million, according to the mean estimate from 2 analysts, based on LSEG data.LSEG's mean...Reuters
Tue, Aug 12
TSMC to phase out 6-inch wafer production over two years
By Wen-Yee LeeTAIPEI, Aug 12 (Reuters) - Taiwan Semiconductor Manufacturing Co. (TSMC) 2330.TW will phase out its 6-inch wafer manufacturing business over the next two years and continue consolidating its 8-inch wafer production capacity to improve efficiency, the company said on Tuesday.The decisio...Reuters
Tue, Aug 12
