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Mexico's Bankaool plans US stock market debut by 2026 May 9, 2024 02:47PM

MEXICO CITY (Reuters) - Mexican lender Bankaool expects to debut on the U.S. stock market by early 2026, a top executive said, as parent company Grupo OMNi looks to raise money to fund the lender's growth.

Bankaool, a small lender which currently holds some 0.1% of the country's financial assets, has focused on its business-to-business segment but is now betting on rapid growth from consumer borrowers through a mobile application.

Moises... (continue reading...)


Western Union resumes remittance service to Cuba after 3-month outage May 9, 2024 02:46PM

HAVANA (Reuters) - Western Union confirmed on Thursday it had resumed its remittance service from the U.S. to Cuba after the system collapsed more than three months earlier, restoring a vital lifeline for Cubans and their friends and families in the U.S.

Western Union said its services to Cuba had been disrupted since Jan. 28, forcing Cubans who depend on the company's money transfer system to seek alternative, and often more costly, routes for... (continue reading...)


Analysis-Behind Biden's Israel weapons pause: a defiant Netanyahu, a tense phone call May 9, 2024 02:38PM

By Steve Holland

WASHINGTON (Reuters) - U.S. President Joe Biden spent months urging Israeli Prime Minister Benjamin Netanyahu to protect Gaza civilians, but the U.S. decision to pause some military aid to Israel was linked directly to a pointed phone call they had a month ago, a U.S. official said.

In the April 4 call, soon after seven World Central Kitchen aid workers were killed in an Israeli air strike, Biden gave Netanyahu an... (continue reading...)


No new trial for convicted Honduras ex-president in US drug case May 9, 2024 02:37PM

By Jonathan Stempel

NEW YORK (Reuters) - Juan Orlando Hernandez, the former Honduras president convicted in March of drug and firearms offenses, failed to persuade a U.S. judge to grant a new trial.

U.S. District Judge Kevin Castel in Manhattan rejected Hernandez's argument that the conviction was tainted because a U.S. drug enforcement agent testified that cocaine trafficking in Honduras went up during his presidency, though it went... (continue reading...)


Tesla interfered with union organizing at New York plant, US agency claims May 9, 2024 02:35PM

By Daniel Wiessner

(Reuters) - Tesla has been accused by a U.S. labor agency of discouraging workers at a Buffalo, New York assembly plant from union organizing by barring them from using phones and other devices, an agency spokeswoman said on Thursday.

A National Labor Relations Board (NLRB) official issued a complaint late Wednesday claiming Tesla's workplace rule banning personal technology use, recording, and storing or sharing... (continue reading...)


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