(Reuters) – Euro zone consumer confidence fell by 9.9 points in March from the February number, figures released on Wednesday showed. The European Commission said a flash estimate showed euro zone consumer morale decrease to -18.7 this month from -8.8 in February. Economists polled by Reuters had expected a fall to -12.9. In the European…
NEW YORK (AP) — Soaring profits on Wall Street helped drive up the average bonus paid to employees in New York City’s securities industry to a record $257,500 for last year, the state comptroller reported Wednesday. The average securities industry bonus was 20% higher than 2020 and came out of a bonus pool that grew…
By Andrea Shalal WASHINGTON (Reuters) – The United States has no plans to renegotiate a quota agreement forged by South Korea and the former Trump administration, U.S. Commerce Secretary Gina Raimondo said on Wednesday, a day after agreeing to cut tariffs on British steel and aluminum. “They kind of struck their own deal in the…
By Valentina Za and Francesca Landini MILAN (Reuters) – The European Central Bank can keep its accommodative policy stance if euro zone governments act to offset higher prices, including by supporting households in order to avoid wage increases, a top policymaker said. ECB Governing Council member Ignazio Visco told Bloomberg’s Italy Capital Markets Forum on…
DENVER (AP) — The Outdoor Retailer trade show is moving back to Salt Lake City from Denver next year despite threats from an environmental group and big-name recreation companies of a boycott, the event’s organizer announced Wednesday. Critics of holding the event in Utah say the state’s politicians oppose efforts to protect national monuments and…
By Horaci Garcia and Christina Thykjaer MADRID (Reuters) – Furlough schemes may need to be introduced if a transport strike that is creating shortages of fresh produce continues, Spanish retail and food industry associations warned on Wednesday, cranking up pressure on the government to find a solution. The strike has spread since a loose group…
(Reuters) -Russia plans to resume some stock trading on Thursday after a near month-long hiatus, with 33 rouble securities to be traded on the Moscow Exchange. Non-residents will have to wait, though – they will be barred from selling stocks and OFZ rouble bonds until April 1. Trading in blue chips, including state lenders Sberbank…
By Lawrence Delevingne, Saikat Chatterjee and Tommy Wilkes BOSTON/LONDON (Reuters) -Wall Street took a breath on Wednesday, pushing stocks and Treasury yields down after both had powered higher earlier in the week as investors took in the strength of the economy and hawkish comments from U.S. policymakers. Two-year U.S. Treasury yields are up sharply so…
By Lucia Mutikani WASHINGTON (Reuters) – Sales of new U.S. single-family homes unexpectedly fell in February amid rising mortgage rates and higher house prices, which are reducing affordability for some first-time buyers. New home sales decreased 2% to a seasonally adjusted annual rate of 772,000 units last month, declining for a second straight month, the…
DETROIT (AP) — A joint venture between Stellantis and South Korea’s LG Energy Solution plans to build a large electric vehicle battery factory in Windsor, Ontario, employing about 2,500 people just across a river from Detroit. The venture plans to spend $4.1 billion ($5 billion Canadian) to build the new plant on a field in…
