Author: Press Room

5/5 © Reuters. Portuguese Prime Minister Antonio Costa speaks during the swearing-in ceremony of his new government, at Ajuda Palace in Lisbon, Portugal March 30, 2022. REUTERS/Rodrigo Antunes/File Photo 2/5 By Catarina Demony and Sergio Goncalves LISBON (Reuters) – Portuguese Prime Minister Antonio Costa resigned on Tuesday, hours after prosecutors detained his chief of staff in an investigation into alleged corruption in his administration’s handling of lithium mining and hydrogen projects. Costa, who prosecutors said was the target of a related investigation, announced the decision in a televised statement after meeting President Marcelo Rebelo de Sousa. He said his conscience…

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© Reuters. FILE PHOTO: A bronze seal for the Department of the Treasury is shown at the U.S. Treasury building in Washington, U.S., January 20, 2023.  REUTERS/Kevin Lamarque/File Photo By David Lawder WASHINGTON (Reuters) – The U.S. Treasury on Tuesday said no major trading partners appeared to be manipulating their currencies, but it put Vietnam back onto a foreign exchange “monitoring list,” while removing Switzerland and South Korea from the same scrutiny. The Treasury’s semi-annual currency report for the four quarters ended June 2023 showed that Vietnam, China, Germany, Malaysia, Singapore, and Taiwan were included on its monitoring list. These…

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Polls in states with major elections will close on Tuesday across a three-hour period nationwide, beginning at 6 p.m. Eastern time in Kentucky and ending at 9 p.m. Eastern time in Colorado, New York and parts of Texas.Results are expected shortly afterward. Follow along with live coverage from The New York Times.Here is an overview of when the first polls for local and statewide elections will close in certain states, using Eastern time:

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These consumer packaged goods stocks are popular among investors Summary Tyson Foods TSN , Kraft Heinz, Kellanova, General Mills GIS and Hormel are among the consumer defensive companies gurus like. With Thanksgiving Day only a few weeks away, investors may be interested in companies that profit from the annual feast that brings family and friends together. While the American Farm Bureau Federation’s annual survey for 2023 has not yet been released, the average cost of a 12-dish feast for 10 people was $64.05 in 2022 and $53.31 in 2021. Although the overall cost is not yet known, the AFB is…

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Stay informed with free updatesSimply sign up to the Climate change myFT Digest — delivered directly to your inbox.China has made an “opening play” ahead of the UN climate summit by pledging to track and reduce harmful emissions from methane, as the world’s largest producer of the potent global warming gas.With just three weeks to go before policymakers and world leaders meet in Dubai for COP28, China set out a plan to take more “forceful” action to tackle methane in a statement released on Tuesday. However, it fell short by failing to specify definitive targets for emissions cuts and remained…

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© Reuters. Investing.com — Federal Reserve members on Tuesday downplayed expectations that era of rate hikes has ended, setting the stage for Fed chairman Jerome Powell to potentially deliver a hawkish push back against the recent easing in financial conditions.  Rate hikes remain on table  Federal Reserve Governor Michelle Bowman was among a slew of Fed members on Tuesday to remind market participants that bets on the Fed not lifting rates again were premature.  “I remain willing to support raising the federal funds rate at a future meeting should the incoming data indicate that progress on inflation has stalled or…

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© Reuters. Bumble drops 6% on Q3 revenue miss & weak guidance Bumble (BMBL) shares fell more than 6% after-hours following the company’s reported Q3 results, with revenue of $275.5 million (up 18.4% year-over-year) coming in worse than the consensus estimate of $277.11M. Quarterly EPS was $0.12, compared to the consensus estimate of $0.07. Bumble App revenue grew 22.8% year-over-year to $221.8M, while Badoo App and other revenue increased 3.3% to $53.7M. Total paying users increased to 3.8M, compared to 3.3M in the corresponding quarter of the previous year, with total average revenue per paying user (ARPPU) growing to $23.42,…

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© Reuters. FILE PHOTO: Imported soybeans are transported at a port in Nantong, Jiangsu province, China August 6, 2018. Picture taken August 6, 2018. REUTERS/Stringer/File Photo By Karl Plume CHICAGO (Reuters) – China booked its largest single-day U.S. soybean purchases in at least three months on Tuesday, traders said, offering a glimmer of hope for the most valuable U.S. farm export after overseas sales of the 2023 harvest had fallen well behind the normal pace. Chinese importers bought around 10 cargoes of soybeans, or about 600,000 metric tons, for shipment from Gulf Coast and Pacific Northwest export terminals between December…

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