Reuters

(Reuters) - The U.S. Federal Reserve would be able to cut its benchmark interest rate once this year, Philadelphia Fed President Patrick Harker said on Monday, if his economic forecast plays out.

"If all of it happens to be as forecasted, I think one rate cut would be appropriate by year's end," Harker said in prepared remarks to an event hosted by the regional central bank in Philadelphia, after outlining his view that he sees slowing but above-trend... (continue reading...)

By Nate Raymond

(Reuters) - A man accused of acting as a lookout while two fellow inmates at a federal prison killed the notorious Boston mobster James "Whitey" Bulger in his cell in 2018 was set to be released from custody after a judge on Monday sentenced him to time served.

Sean McKinnon, 38, was sentenced by U.S. District Judge Thomas Kleeh in Clarkburg, West Virginia, after he and the other two inmates last month reached plea deals... (continue reading...)

BRUSSELS (Reuters) - Ursula von der Leyen was expected to secure informal backing on Monday for a second term as president of the European Commission, which sets the EU agenda with legislative proposals, trade investigations and competition adjudication.

Back in 2019, the doctor-turned-German-defence-minister was a surprise pick to head the body, a decision that was only reached after marathon talks between EU leaders. This time round she is very much... (continue reading...)

OTTAWA (Reuters) - Canada does not think the time is right to send military trainers back to Ukraine, given hesitation among NATO allies about such a step, Defence Minister Bill Blair said on Monday.

Blair spoke to reporters after attending a NATO summit which agreed the alliance would assume a greater role in coordinating arms supplies to Ukraine.

"There was discussion of a NATO mission to enhance the training. At the present time, the... (continue reading...)

(Reuters) - The Commodity Futures Trading Commission said on Monday it was ordering global commodities trader Trafigura to pay $55 million over fraud, manipulation and impeding communications with the government agency.

(Reporting by Costas Pitas and Ismail Shakil)