Economic News

By Nell Mackenzie LONDON (Reuters) – Investment firm Orchard Global, which manages $8 billion of capital, has hired Fredrik Gentzel as its chief operating officer (COO), a statement seen by Reuters said.

(Reuters) – The U.S. Securities and Exchange Commission charged cryptocurrency exchange Bittrex Inc and its former CEO with operating an unregistered national securities exchange, broker and clearing agency.

(Reuters) – Ernst & Young’s U.S. arm said on Monday it was shedding 5% of its workforce, less than a week after the unit’s objection torpedoed the global accounting giant’s plan to break up its audit and consulting units.

WASHINGTON (Reuters) – The White House on Monday called for an immediate ceasefire to fighting in Sudan between the army and a paramilitary force and said U.S. officials are in touch with the military leaders there.

By Sarah N. Lynch WASHINGTON (Reuters) – U.S. Attorney General Merrick Garland said on Monday the Justice Department intends to appoint a prosecutor and a legal adviser to assist Ukraine with its efforts to investigate and prosecute suspected war crimes by Russian forces.

By John Kruzel WASHINGTON (Reuters) -The U.S. Supreme Court on Monday declined to hear a bid by General Motors Co to revive its racketeering lawsuit against rival automaker Fiat Chrysler Automobiles (FCA), now part of Stellantis NV, over bribery allegations involving the United Auto Workers union.

By Jody Godoy (Reuters) – Celebrities who promoted FTX, including NFL quarterback Tom Brady and comedian Larry David, said an investor lawsuit seeking damages in the wake of the cryptocurrency exchange’s collapse should be dismissed.

By Timothy Gardner and Moira Warburton WASHINGTON (Reuters) – The U.S. Treasury published a warning to U.S. companies on Monday of possible evasions of the Russian petroleum price cap of crude oil exported through the Eastern Siberia Pacific Ocean (ESPO) pipeline and ports in eastern Russia.

KUWAIT (Reuters) – Kuwait’s crown prince said on Monday that the parliament reinstated based on a Constitutional Court ruling last month would be dissolved and that new legislative elections would be called in coming months, state media reported.

BARCELONA (Reuters) – Brazilian soccer player Dani Alves said on Monday he had consensual sex with a woman who has accused him of sexual assault, changing his version of what happened in a Barcelona nightclub in late December.

By Friederike Heine and Emma-Victoria Farr

KYIV (Reuters) – Ukraine’s agriculture minister said Kyiv would aim to secure the re-opening of food and grain transit via Poland as a “first step” at talks in Warsaw on Monday, after Poland and Hungary announced bans on some imports from Ukraine.

LISBON (Reuters) – Portugal on Monday approved an additional 3.57% hike in public pensions from July following criticism that it was benefiting from rising tax revenues due to high inflation without sharing those gains with the country’s 3.7 million pensioners.

JERUSALEM (Reuters) – Prime Minister Benjamin Netanyahu said on Monday that normalizing relations between Israel and Saudi Arabia would be a “giant leap” towards ending the Arab-Israeli conflict.

By Alasdair Pal SYDNEY (Reuters) – New Zealand Prime Minister Chris Hipkins said on Tuesday he would attend the upcoming NATO summit in July, while Australia’s leader said he was still considering whether to travel.

(Reuters) – Regional banks in the United States on Monday reported deposit outflows between 3% and 11% from the prior quarter after customers sought the refuge of bigger banks in the aftermath of one of the worst banking crises.

BRASILIA (Reuters) – Brazil’s government is working on additional revenue measures to be announced in the second half of this year, said Revenue Chief Robinson Barreirinhas on Monday, highlighting confidence that this set of actions will improve public accounts.

By Stephen Culp NEW YORK (Reuters) – The solid first-quarter stock market performance helped prompt an 8.7% rise in short interest in U.S. and Canadian equities markets, according to a note from S3 Partners Research released on Friday.

(Reuters) – A Minnesota appeals court on Monday upheld the conviction of former Minneapolis police officer Derek Chauvin for the murder of George Floyd during a 2020 arrest, rejecting Chauvin’s request for a new trial.

FRANKFURT (Reuters) – The United States and the euro zone should not take the international status of their currencies for granted as countries such as China and Russia seek to create their own systems.