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Colombia's central bank hikes interest rate by 75 basis points to 12%

Colombia's central bank raised its benchmark interest rate for the third consecutive time on Tuesday, to 12%, in a bid to curb inflationary pressures amid a spat with the government over rate hikes.The 75-basis-point increase was backed by a majority of the seven-member board.

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Economy
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Trump allies block US House defense policy bill in push for voter ID law

Hardline Republican allies of President Donald Trump blocked the advance of a major defense policy bill in the U.S. House of Representatives on Tuesday, as part of a push to get the president's stalled partisan voter ID bill through Congress.

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US job openings rise to two-year high, but hiring still struggling

By Lucia MutikaniU.S. job openings edged up to a two-year high in May, but subdued hiring soured consumers' perceptions of the labor market, with the share viewing employment as "hard to get" surging to nearly a 5-1/2-year high in June.Economists said the mixed reports on Tuesday suggested the labo…

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Economy
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Saab signs $2.54 billion Gripen fighter jet deal with Ukraine

Swedish defence equipment maker Saab OMXSTO:SAAB_B signed a contract to deliver 16 Gripen E fighter aircraft to Ukraine, with the order valued at about 24.6 billion Swedish crowns ($2.54 billion), the company said on Tuesday.Saab added the contract includes spare parts and associated equipment. Th…

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StocksSE
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Boeing, engineers' union begin contract talks

Boeing NYSE:BA and the union representing its engineers and technical workers said on Tuesday they would begin formal contract talks ahead of the expiration of their labor agreements in October.The Society of Professional Engineering Employees in Aerospace, which represents roughly 17,000 members…

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StocksUS
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Debate over ABA law school accreditation intensifies as states push changes

By Karen SloanWith three states sidelining the American Bar Association in lawyer licensing over the past year and more poised to follow, ABA defenders on Monday warned that ending reliance on the organization’s law school oversight will hurt students, graduates, law schools and states by forcing t…

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Nestle could lower coffee prices as bean costs fall

By Richa NaiduNestle SIX:NESN will take falling coffee bean costs into account when setting retail prices, a senior executive told Reuters on Tuesday, a potential boost to consumers seeking their caffeine fix that had become increasingly pricey in recent years.Coffee prices rose sharply in 2024 and…

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StocksCH
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Venezuela quake deaths rise to 1,943, lawmaker says

Fatalities due to twin earthquakes that struck Venezuela last Wednesday now stand at 1,943, lawmaker Jorge Rodriguez said on Tuesday, adding that the number of injured almost doubled to 10,571.On Monday, the number of dead following the tragedy stood at 1,719.

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Brazil government to start paring back emergency fuel subsidies, Bloomberg News reports

Brazil will immediately start rolling back emergency fuel subsidies implemented after the start of the war in the Middle East, Bloomberg News reported on Tuesday, citing a person familiar with the matter.The government will start by scaling back the subsidies on diesel, the report said.Reuters coul…

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BondsEconomy
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North Sea Crude - Forties drops lower

North Sea Forties differentials fell to a wider discount to dated Brent after a deal in the Platts window on Tuesday, as traders digested August North Sea benchmark loadings.LOADING PROGRAMMESPLATTS WINDOWIndications are free on board unless marked as cost, insurance and freight or delivered at pla…

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Futures