By Shrutee Sarkar BENGALURU (Reuters) – The Bank of Canada will raise interest rates by 25 basis points on March 2, earlier than previously thought and ahead of the U.S. Federal Reserve, according to economists surveyed in a Reuters poll, which also showed expectations that rates will be higher by year-end than previously thought. Just…
By Ann Saphir (Reuters) -San Francisco Federal Reserve Bank President Mary Daly said on Wednesday she expects the U.S. central bank will need to raise rates at least four times this year, and likely more, to stop high inflation from getting worse. “There is broad agreement that inflation is too high and the policy rate…
NEW YORK (Reuters) -JPMorgan is reviewing the impact that newly imposed U.S. sanctions on Russian sovereign debt may have on its emerging market bond indexes, a source familiar with the matter said. The U.S. government broadened restrictions on trading of Russian government debt on Tuesday in a bid to punish Moscow for ratcheting up its…
By Jamie Freed SYDNEY (Reuters) -Qantas Airways Ltd on Thursday posted a steeper A$1.28 billion ($925.57 million) first-half underlying loss before tax during a period hard-hit by domestic and international border closures but said the outlook was improving as restrictions eased. The underlying loss before tax in the six months ended Dec. 31, the airline’s…
By Sabrina Valle HOUSTON (Reuters) – Exxon Mobil Corp said on Wednesday its global staffing fell by 9,000 people last year amid cost-reduction efforts after the Covid-19 pandemic battered energy demand and prices. The U.S. largest oil producer has been slashing costs and debt to boost cash returns to shareholders. In 2021, Exxon posted its…
(Reuters) -EBay Inc reported a marginal rise in quarterly revenue on Wednesday, a sign the pandemic-led boom for online shopping was waning, sending the e-commerce platform’s shares down nearly 12%. E-commerce companies have raked in large profits as online shopping boomed during the pandemic, but vaccine rollouts could alter their fortunes as people return to…
(Reuters) -Citigroup Inc has asked vaccinated employees in all U.S. locations to start returning to the office from the week of March 21, according to an internal memo on Wednesday that was seen by Reuters. Staff will be working from the office for at least two days a week, the memo said. “Although COVID-19 may…
(Reuters) – U.S. companies borrowed 2% more in January to finance their investments in equipment compared to a year earlier, the Equipment Leasing and Finance Association (ELFA) said on Wednesday, as firms ramp-up production to meet demand. Companies signed up for $8.3 billion in new loans, leases and lines of credit last month, compared with…
By Caroline Valetkevitch NEW YORK (Reuters) – U.S. stocks were sharply lower on Wednesday afternoon as Ukraine declared a state of emergency and the West unveiled more sanctions against Russia over its move into eastern Ukraine. The U.S. State Department said a Russian invasion of Ukraine remains potentially imminent, adding that Washington has not seen…
BERLIN (Reuters) – Germany’s coalition parties agreed on Wednesday a roughly 13 billion euro package of measures to help households cope with surging energy prices, including scrapping a surcharge levied on electricity bills to support green power. Energy prices in Germany have soared in the last year, and fears of an escalation of the crisis…
