FRANKFURT – The euro zone economy faces slower economic growth and higher inflation as Russia’s invasion of Ukraine pushes up costs, disrupts trade and hits confidence, a European Central Bank…
By Elizabeth Dilts Marshall NEW YORK – Wells Fargo & Co and JPMorgan Chase & Co reported a rise in net interest income in the first quarter, as the U.S.…
By Liz Hampton (Reuters) – U.S. oil production forecasts are being revised upwards despite labor and supply chain constraints as higher prices spur more drilling and well completion activity, according…
By Asha Sistla (Reuters) – Gold prices edged higher on Wednesday as concerns of an escalation in the Russia-Ukraine conflict increased safe-haven bids for the precious metal, although a firmer…
WASHINGTON – U.S. wholesale inventories increased more than initially thought in February, but inventory investment probably offered little or no boost to economic growth in the first quarter. The Commerce…
TOKYO – An advisory panel to Japanese Finance Minister Shunichi Suzuki warned on Friday of a risk of a spike in interest payments on public debt and urged efforts to…
By Fergal Smith TORONTO – REUTERS POLL-CANADIAN DOLLAR TO STRENGTHEN SLIGHTLY TO 1.25/USD IN THREE MONTHS, MATCHING MARCH’S FORECAST REUTERS POLL-CANADIAN DOLLAR SEEN UP 2% AT 1.23/USD IN ONE YEAR…
WASHINGTON – Americans living in poorer counties died during the pandemic at almost twice the rate of those in rich counties, a study released Monday by the Poor People’s Campaign…
CAIRO – Oman expects to reduce its public debt to 19.46 billion Omani riyals by using the surplus arising from selling oil at higher prices and repaying some loans by…
By Ludwig Burger and Emilio Parodi (Reuters) – As governments prepare to live with COVID-19, some are questioning how much to rely on drugmakers to adapt vaccines to ward off…
(Reuters) – Amazon.com Inc received a rare “underperform” rating from BNP Paribas Exane on Wednesday, with the French brokerage saying the e-commerce giant faces a bumpy ride ahead due to…
FRANKFURT – Europe is facing slower growth and higher inflation as the war in Ukraine is draining confidence and pushing up energy prices, European Central Bank President Christine Lagarde said…
BEIJING – Chinese pork processing giant WH Group Ltd on Monday reported a 7.2% rise in annual profit to $1.043 billion driven by higher sales in the United States and…
By Nichola Saminather and Julie Gordon TORONTO – Toronto realtor Nasma Ali has noted a marked slowdown in housing demand in the red-hot Greater Toronto Area over the past few…
WASHINGTON – A group of 40 U.S. Republican members of the Senate and House of Representatives Armed Services Committees urged President Joe Biden to include a 5% increase above inflation…
FRANKFURT – Germans should brace for higher prices and weaker economic growth as Russia’s invasion of Ukraine disrupts trade and makes fuel as well as wheat more expensive, the Bundesbank…
NEW YORK, NY – There’s a new growing problem in New York City. While random attacks on Asians and subway slashings and assaults also continue to rise, a new trend…
By David Lawder DENVER – A U.S. gasoline tax cut is among the options being considered to provide relief to consumers, U.S. Treasury Secretary Janet Yellen said on Friday, adding…
LIMA – A greater supply of dollars from the mining sector in Peru – the world’s No. 2 copper producer – is pushing up the local sol currency, which has…
By Saqib Iqbal Ahmed NEW YORK – Speculators’ net long bets on the U.S. dollar edged higher in the latest week, according to calculations by Reuters and U.S. Commodity Futures…
– Global food prices will rise further if western nations intensify economic pressure on Russia, a major global fertilizer producer, President Vladimir Putin said. Russian Agriculture Minister Dmitry Patrushev told…
WASHINGTON – Africa’s economic outlook is particularly vulnerable to higher food and fuel prices prompted by Russia’s invasion of Ukraine, as well as to reduced tourism revenues and diminished access…
RIO DE JANEIRO – The improvement in the level of Brazil’s main hydroelectric reservoirs should ease the costs of operating the electricity system this year, even as the conflict between…
By Howard Schneider WASHINGTON – One-year U.S. inflation expectations have rocketed higher since Russia’s invasion of Ukraine and the longer-term outlook has begun increasing as well, a development likely to…
TRENTON, NJ – In the New Jersey state capital city of Trenton, on Friday, gas prices spiked over $4 per gallon, reaching as high as $4.07 at some stations. Across…