LONDON (AP) — Northern Ireland’s agriculture minister on Wednesday ordered a halt to post-Brexit border checks at ports, another complication in a saga that has soured relations between the U.K. and the European Union. Edwin Poots said he had received legal advice saying he could halt inspections of agri-food products coming from the rest of…
By David Gaffen NEW YORK (Reuters) – Oil prices edged up on Wednesday after OPEC+ stuck to planned moderate output increases despite pressure from top consumers to raise output more quickly. Brent crude ended settling up 31 cents to $89.47 a barrel, while U.S. West Texas Intermediate crude gained 6 cents to $88.26 a barrel….
By David Shepardson and Patricia Zengerle WASHINGTON (Reuters) – The U.S. House of Representatives on Wednesday advanced a multibillion-dollar bill aimed at increasing American competitiveness with China and boosting U.S. semiconductor manufacturing, teeing up the legislation for full approval by the chamber this week. Democratic President Joe Biden’s administration has been working to persuade Congress…
SAO PAULO (Reuters) – Volvo’s Brazilian unit announced on Wednesday that it will invest 1.5 billion reais ($283.36 million) in the country by 2025, after reporting record truck sales last year. The figure will be directed mainly to research and development of products and services, said the Swedish company. In 2021, Volvo sold 21,800 trucks…
(Adds full name and title of strategist) NEW YORK (Reuters) -A U.S. Treasuries yield curve inversion this time around may not be the perfect predictor of a recession, a Credit Suisse strategist said on Wednesday, as the Federal Reserve’s focus on reducing inflation could take priority over economic growth concerns. Reflecting the U.S. central bank’s…
By Tatiana Bautzer and Carolina Mandl SAO PAULO (Reuters) – Brazil’s economic downturn may represent an opportunity for Latin America’s newest listed lender to gain market share aggressively despite the riskier environment, the founder and CEO of digital bank Nubank, David Velez, said. The fintech debuted on the New York Stock Exchange less than two…
By Katanga Johnson WASHINGTON (Reuters) -Global stocks staged a recovery on Wednesday as strong earnings from U.S. technology companies and OPEC+ plans for moderate oil output helped to counter jitters over the pace of central banks’ interest rate hikes. The STOXX index of 600 European companies rose 0.45%, up for a third straight session, to…
NEW YORK (AP) — CNN President Jeff Zucker abruptly resigned Wednesday after acknowledging a consensual relationship with another network executive — an entanglement that came to light during an investigation of now-fired anchor Chris Cuomo. Zucker said he was asked about his relationship with longtime aide Allison Gollust as part of the Cuomo investigation, which…
By Gertrude Chavez-Dreyfuss and Joice Alves NEW YORK/LONDON (Reuters) -The dollar slid to more than a one-week low on Wednesday as data showed a drop in U.S. private sector employment in January due to the increase in COVID-19 infections, easing expectations the Federal Reserve would announce a large interest rate increase at its policy meeting…
PRAGUE (AP) — The Czech Republic’s government has agreed to end mandatory coronavirus testing at schools and companies this month, the prime minister said Wednesday. The testing “undoubtedly” helped slow down the spread of infections and prevented the health system from being overwhelmed, Prime Minister Petr Fiala said. “Given the development, we’ve decided to end…
