By Maha El Dahan, Alex Lawler and Ahmad Ghaddar LONDON -OPEC+ said on Thursday it would stick to its planned oil output hikes in August but avoided discussing policy from …
Category:
All News
-
-
(Reuters) – Strikes and staff shortages are forcing airlines to cancel thousands of flights and causing hours-long queues at major airports, dashing hopes of a sizzling first summer after COVID …
-
By Gwladys Fouche and Terje Solsvik OSLO -Seventy-four Norwegian offshore oil workers at Equinor’s Gudrun, Oseberg South and Oseberg East platforms will go on strike from July 5, the Lederne …
-
By Jamie McGeever ORLANDO, Fla. – It may just boil down to semantics, and in good times when inflation is low it’s not an issue at all. But the Fed …
-
By Saqib Iqbal Ahmed NEW YORK -A nearly $17 billion JP Morgan fund is expected to reset its options positions on Thursday, potentially adding to equity volatility at the end …
-
By Giulio Piovaccari and Nick Carey MARANELLO, Italy – Ferrari makes some of the fastest cars on the road, but the luxury Italian automaker is taking the slow lane to …
-
By John Revill ZURICH – Switzerland wants to expand its emergency food reserves to make sure the neutral country is not hit by shortages of coffee, grain and sugar caused …
-
By Francesco Canepa and Balazs Koranyi SINTRA, Portugal – The European Central Bank will buy bonds from Italy, Spain, Portugal and Greece with some of the proceeds it receives from …
-
(Reuters) – Eurozone is headed toward “stagflation” as efforts to stamp out a surge in inflation will bring growth to a near halt in the second half of the year, …
-
ZURICH -Barry Callebaut has halted production at its Wieze plant in Belgium, which it says is the world’s biggest chocolate factory, after discovering salmonella in a production lot on Monday, …
-
By Josh Ye HONG KONG – Chinese tech giants including Tencent Holdings and Ant Group have signed a pact to stop the secondary trading of digital collectibles and “self-regulate” their …
-
By Ahmed Aboulenein WASHINGTON – Major companies including JPMorgan Chase & Co, Amazon.com Inc and Walt Disney Co have said they would pay travel costs for employees seeking abortions out-of-state …
-
BERLIN – Germany’s BMW approved the launch of a share buyback programme with a volume of up to 2 billion euros ($2.08 billion) set to start in July, the carmaker …
-
By Elizabeth Dilts Marshall NEW YORK – Goldman Sachs Group Inc said on Thursday it is launching a partnership with capital markets technology firm Derivative Path that opens the door …
-
By Yoruk Bahceli (Reuters) – If dramatic losses seen in the first half of 2022 are maintained over the coming months, U.S. and European government bond markets are set for …
-
By Huw Jones LONDON – Banks should take a conservative approach to setting aside capital to cover risks from “unbacked” crypto assets on their books, the global Basel Committee of …
-
BERLIN – Inflation would spiral even further in Germany if it weren’t for business with China, Volkswagen Chief Executive Herbert Diess said in a media interview published on Thursday. “Germany …
-
By Rahul Paswan (Reuters) – Oil prices are expected to stay above $100 a barrel this year as Europe and other regions struggle to wean themselves off Russian supply, a …
-
MILAN -Italy’s antitrust authority said on Thursday it had closed an investigation launched last year over U.S. fast-food chain McDonald’s franchise terms in the country. The AGCM regulator said that …
-
By Alex Lawler and Maha El Dahan LONDON/DUBAI – Saudi Arabia’s push for swifter oil production hikes by OPEC+, which were agreed in June, involved behind-the-scenes diplomacy to ensure Russia …
-
(Reuters) – A U.S. recession over the next 12 months is “probably more likely than not”, PIMCO’s global chief investment officer for fixed income Andrew Balls said on Thursday. Balls, …
-
By Andres Gonzalez, Echo Wang and Lucy Raitano (Reuters) -Recession fears and Russia’s invasion of Ukraine sent a chill through equity capital markets (ECM) in the second quarter, depriving bankers …
-
By Paresh Dave OAKLAND, Calif. – AI chatbot company Replika, which offers customers bespoke avatars that talk and listen to them, says it receives a handful of messages almost every …
-
By Joyce Lee SEOUL – Samsung Electronics Co Ltd said on Thursday it has begun mass producing chips with advanced 3-nanometre technology, the first to do so globally, as it …
-
BRUSSELS – Euro zone unemployment fell to a new record low in May as the economy continued to rebound from the COVID-19 pandemic, even if inflation exacerbated by Russia’s invasion …