U.S. dollar rises to nearly two-year high on hawkish Fed comments
By Gertrude Chavez-Dreyfuss NEW YORK – The U.S. dollar hit its highest in nearly two years on Tuesday, boosted by hawkish comments from Federal Reserve officials who pushed for a…
By Gertrude Chavez-Dreyfuss NEW YORK – The U.S. dollar hit its highest in nearly two years on Tuesday, boosted by hawkish comments from Federal Reserve officials who pushed for a…
By Foo Yun Chee BRUSSELS -Major online platforms face a yearly fee up to 0.1% of annual net income to cover the costs of monitoring compliance with new European Union…
SAO PAULO – The International Finance Corporation (IFC), the World Bank’s private-sector arm, is expected to maintain the pace of its environment-focused investments in Brazil regardless of the outcome of…
By Ben Klayman DETROIT – General Motors and Honda Motor Co said on Tuesday they will develop a series of lower-priced electric vehicles based on a new joint platform, producing…
By Marianna Parraga (Reuters) – Cuba is struggling to cover a fuel deficit as imports from Venezuela and other countries remain below historical levels and global prices boosted by Russia’s…
By Scott DiSavino NEW YORK – Oil prices eased in volatile trade on Tuesday, pressured by a rising U.S. dollar and growing worries that new coronavirus cases could slow demand…
By Chris Prentice and Susan Heavey WASHINGTON -The Public Company Accounting Oversight Board (PCAOB) on Tuesday said it has sanctioned KPMG LLP’s former vice chair of audit for his role…
By Jonathan Stempel NEW YORK -U.S. authorities on Tuesday announced criminal and civil charges against the former head of a now-defunct British company for making a fraudulent bid to buy…
By Seher Dareen (Reuters) – Gold fell on Tuesday as rising U.S. Treasury yields and expectations for more aggressive monetary policy tightening by the Federal Reserve offset safe-haven demand for…
By Marcela Ayres and Rodrigo Viga Gaier BRASILIA -Brazilian Economy Ministry official Caio Mario Paes de Andrade has emerged as a strong candidate to lead state-run oil company Petrobras, after…
(Reuters) – Interest rate hikes aimed at bringing down too-high inflation will slow economic growth but will not tip the U.S. economy into recession, San Francisco Federal Reserve Bank President…
MILAN -Italy’s insurance watchdog IVASS said on Tuesday it would not start a probe into Generali’s rebel investors as it had not found any evidence they had breached disclosure rules…
By Lucia Mutikani WASHINGTON – U.S. services industry activity picked up in March, boosted by the rollback of pandemic restrictions, but higher prices for fuel and other commodities because of…
By David Lawder WASHINGTON -The U.S. Internal Revenue Service has suspended information exchanges with Russia’s tax authorities in a bid to hamper Moscow’s ability to collect taxes and fund its…
By Eliana Raszewski LIMA, Argentina – Argentina is pushing China to fully finance a new $8.3 billion nuclear power plant in the country, as the government grapples with high debt…
By Akash Sriram (Reuters) -Amazon.com Inc has secured rocket launches with three companies, the company said on Monday, as it spends billions on putting together a satellite constellation to beam…
(Reuters) – Thousands of auto workers have been furloughed and food prices are soaring as Western sanctions pummel the small Russian city of Kaluga and its flagship foreign carmakers, with…
(Reuters) – Apple Inc said on Tuesday it will host its annual developers’ conference in an online format for the third year in a row, from June 6 to June…
(Reuters) – The world’s biggest cruise operator Carnival Corp on Tuesday reported its busiest booking week in history as leisure travel continues to rebound from a long pandemic-led hiatus. The…
By David Shepardson WASHINGTON -The U.S. government may need more than 100,000 charging stations to support widespread electric vehicle use, a government watchdog told a congressional hearing on Tuesday. The…
PARIS – Farfetch Ltd, an online retailer of luxury fashion products, said on Tuesday it will make an investment of up to $200 million in Neiman Marcus Group, gaining a…
MADRID – Spain’s state rescue fund FROB has increased its stake in the country’s “bad bank” Sareb to more than 50%, in line with a European Union order to count…
(Reuters) – Production of the new Air Force One jet by Boeing Co faced disruption early this year due to problems at the planemaker’s factory, the Wall Street Journal reported…
By Nayara Figueiredo SAO PAULO – Driven by Chinese demand, the growth in use of feedlots in Brazilian beef production rose to about a fourth of the country’s overall slaughtered…
By Francesco Guarascio (Reuters) – The European Commission proposed sweeping new sanctions against Russia on Tuesday including banning coal imports and halting trade worth nearly 20 billion euros ($22 billion)…