By Dave Sherwood HAVANA, Dec 4 (Reuters) – Top law enforcement officials in Cuba said on Thursday the island was prioritizing the fight against narcotics trafficking in the Caribbean and continued to provide information to the U.S. Coast Guard amid escalating tensions and surging U.S. military presence in the region. Cuba and the United States…

Dec 5 (Reuters) – Trustpilot shares surged 16% after Morgan Stanley upgraded the stock by two notches to “overweight” on Friday, a day after U.S. short seller Grizzly Research took aim at the global review platform. “We think the market is underappreciating Trustpilot’s multi-year growth and margin story,” Morgan Stanley analyst Mark Hyatt said, as…

Dec 3 (Reuters) – LSEG will integrate its financial data and analytics into ChatGPT and make OpenAI’s enterprise tool available to its employees, it said on Wednesday, deepening its push to embed artificial intelligence across financial markets. The data and analytics provider will grant ChatGPT users with LSEG credentials access to market data and news…

WASHINGTON, Dec 4 (Reuters) – The Trump administration on Thursday allowed transactions with Lukoil gas stations outside of Russia with a narrow waiver to sanctions the U.S. imposed in October for the role the company’s revenues play in supporting Moscow’s war in Ukraine. The transactions for about 2,000 stations throughout Europe, Central Asia, the Middle…

Dec 3 (Reuters) – Lockheed Martin said on Wednesday it has opened a hypersonics system integration lab at its Huntsville campus as it pushes to develop next-generation weapons. Hypersonic weapons, which can travel at more than five times the speed of sound and evade traditional defenses, are at the centre of an arms race between…

By Lawrence White LONDON, Dec 3 (Reuters) – Banks could give investors a clearer view on how they manage risks, such as those associated with changing interest rates, under a new model proposed by a global accounting rule-setter. The International Accounting Standards Board on Wednesday launched a consultation on a new risk mitigation accounting model,…

SEOUL, Dec 2 (Reuters) – The U.S. will lower import duties on South Korean autos to 15% effective retroactively to November 1 and match the reciprocal tariffs imposed on Japan and the EU, Commerce Secretary Howard Lutnick said on Tuesday. The move is according to a trade agreement between the two countries announced last month…

By Diana Novak Jones Dec 2 (Reuters) – The city of San Francisco sued Kraft, Mondelez, Coca-Cola and other makers of ultra-processed foods on Tuesday, accusing them of knowingly sickening California residents with addictive and harmful products. City Attorney David Chiu filed the lawsuit in San Francisco Superior Court, alleging the companies employed tactics similar…

By Anirban Sen and Prakhar Srivastava NEW YORK, Dec 1 (Reuters) – Citadel’s flagship fund Wellington posted a 1.4% return in November, boosting the fund’s performance for the year to 8.3%, according to two people familiar with the matter. The firm’s other funds also notched positive monthly returns.  Miami-based Citadel’s Global Equities fund rose 2.5%…

By Cynthia Kim SEOUL, Dec 2 (Reuters) – South Korea’s consumer prices rose 2.4% in November from a year earlier, driven by higher food and services costs, bolstering the case for the Bank of Korea to maintain interest rates at the current level for longer. The consumer price index was roughly in line with median…