By Jan Wolfe WASHINGTON – Former President Donald Trump appears unlikely to face federal criminal charges for his efforts to overturn his 2020 election loss despite a U.S. congressional committee’s …
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– Chilean retailer Cencosud on Thursday posted a fourth quarter net profit of $249 million, boosted by improved revenues in the countries it operates, which also include Argentina, Peru, Brazil …
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By John McCrank NEW YORK – The California Public Employees’ Retirement System, the largest U.S. pension fund, said on Thursday it has ceased all transactions in Russian publicly traded equity …
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LONDON – JPMorgan said on Thursday it expected Russia’s economy to contract 35% in the second quarter and 7% in 2022 with the economy suffering an economic output decline comparable …
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By Jonathan Stempel NEW YORK – Ben & Jerry’s was sued on Thursday by its longtime Israeli ice cream manufacturer, which said the company illegally severed their 34-year relationship after …
- Financial News
As world scrambles for oil, Canadian producers reluctant to spend on growth
by Reutersby ReutersBy Nia Williams CALGARY, Alberta – The world is scrambling for oil after Russia’s invasion of Ukraine sent prices rocketing and upended global supply but producers in Canada, home to …
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By Toby Sterling AMSTERDAM – Universal Music Group NV (UMG) on Thursday reported a 19% rise in full-year core earnings for 2021, in line with expectations, due to growing revenue …
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The French government seized a massive yacht belonging to Russian oligarch Igor Sechin, the head of a state-run energy giant, France’s finance ministry said. French customs authorities executed the seizure …
- Financial News
Rivian spares preorders from price hike to fix ‘painful’ mistake
by Reutersby ReutersBy Akash Sriram and Hyunjoo Jin – Rivian Automotive Inc has rolled back price hikes on electric vehicles booked before March 1 after facing backlash from customers following a 20% …
- Financial News
Brazil trade balance posts biggest February surplus in five years
by Reutersby ReutersBRASILIA – Brazil posted a $4 billion trade surplus in February, the strongest performance for the month since 2017, official data showed on Thursday, amid higher volumes and prices of …
- Financial News
Bank of Canada says “considerable space” left to hike, 50 bps move possible
by Reutersby ReutersBy Julie Gordon and David Ljunggren OTTAWA – The Bank of Canada has “considerable space” left to raise interest rates this year, Governor Tiff Macklem said on Thursday, and did …
- Financial News
GE donating $4.5 million to Ukraine relief efforts – internal memo
by Reutersby ReutersCHICAGO – General Electric Co will donate $4.5 million in medical equipment and humanitarian support for Ukraine, according to an internal staff memo. In the memo, seen by Reuters, Chief …
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Lacey Township Police Blotter
by Your Newsby Your NewsLACEY TOWNSHIP, NJ – The following incidents were reported by the Lacey Township Police Department. Shoplifting On Thursday, February 24, 2022, at 7:34 p.m., officers responded to Kohl’s, 304 Main …
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By David Henry NEW YORK – Bank analysts offered downbeat assessments on Thursday of the timeline Citigroup Inc laid out this week for lifting profits and some said the risk …
- Financial News
Analysis-Oil price surge revives Wall Street fears of 1970s-style stagflation
by Reutersby ReutersBy David Randall NEW YORK – With surging oil prices, concerns about the hawkishness of the Federal Reserve and fears of Russian aggression in Eastern Europe, the mood on Wall …
- Financial News
Boeing to ‘strictly adhere’ to restrictions on operating in Russia -CEO
by Reutersby ReutersBy David Shepardson and Eric M. Johnson WASHINGTON/SEATTLE – Boeing Co will strictly adhere to the export controls and restrictions that have been announced governing work in Russia, the U.S. …
- Financial News
Ex-Goldman Sachs banker calls on Wall Street giant to exit Russia
by Reutersby ReutersBy Kirstin Ridley and Sinead Cruise LONDON – A one-time Goldman Sachs banker has written an open letter to David Solomon calling on the Wall Street investment bank’s chief executive …
- Financial News
Canada to raise tariffs on Russian imports, send rocket launchers to Ukraine
by Reutersby ReutersBy Steve Scherer and Ismail Shakil – Canada will remove Russia and Belarus’s most favored nation status as trading partners, and will provide additional lethal aid to Ukraine, including rocket …
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– Nike Inc said on Thursday it would temporarily close all its stores in Russia, joining a slew of Western brands that have suspended their businesses in the country following …
- Financial News
Russian news channel RT to broadcast on Rumble after Big Tech curbs
by Reutersby ReutersBy Sheila Dang – Russian state-controlled news network RT said on Thursday it will begin broadcasting on Rumble, a YouTube-like video site, after tech companies including Meta Platforms and Twitter …
- Financial News
Credit Suisse names Rawra head of clean tech banking for Canada – memo
by Reutersby Reuters– Credit Suisse has named Saad Rawra as its head of clean-energy technology banking and Canadian head of diversified industries group to help drive the Swiss bank’s growing global energy …
- Financial News
Europe could cut Russian gas imports by over a third in a year, IEA says
by Reutersby ReutersBy Susanna Twidale and Kate Abnett LONDON/BRUSSELS – Europe could cut Russian gas imports by more than a third within a year, the International Energy Agency (IEA) said on Thursday …
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Exclusive-Illumina remedies on Grail bid unconvincing to EU antitrust regulators, sources say
by Reutersby ReutersBy Foo Yun Chee BRUSSELS – U.S. life sciences company Illumina’s offer to cut prices and allow rivals continued access to its technologies has “yet to convince” EU antitrust regulators …
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Russian ETF jumps as some sense bargains in ‘uninvestable’ market
by Reutersby ReutersBy Danilo Masoni MILAN – A Russia-exposed ETF rose by more than 100% in London on Thursday in a sign that some investors see current distressed levels as a potentially …
- Financial News
Fed’s Powell: Ukraine war impact uncertain but could hit spending, investment
by Reutersby ReutersBy Howard Schneider WASHINGTON – Russia’s war in Ukraine could hit the U.S. economy across a variety of channels from higher prices to dampened spending and investment, Federal Reserve Chair …