WASHINGTON (Reuters) – The U.S. Justice Department asked a federal court in Denver on Thursday to drop price-fixing charges filed against five executives of chicken producing companies after two mistrials in the case focused on competition in the $65 billion poultry sector. The department, however, did not drop charges against five other defendants. Judge Philip…
By Koh Gui Qing NEW YORK (Reuters) -Global stocks dropped on Thursday with U.S. shares sinking over 1.5%, as concerns about a recession and the Russian-Ukranian war spurred selling, while oil prices plunged over $6 as Washington launched a record release from its emergency oil reserves. The declines pushed U.S. and European stocks into their…
(Reuters) -The Russian rouble strengthened for a ninth straight session in Moscow, ending near 83 per dollar on Thursday, and stocks jumped higher as some curbs on short selling were lifted, with the market focused on the effects of Moscow’s demand that its gas exports be paid for in roubles. The rouble ended 1.6% stronger…
By Chuck Mikolajczak NEW YORK (Reuters) – U.S. stocks closed out the first quarter on a down note on Thursday with its biggest quarterly decline in two years as concerns persisted about the continuing conflict in Ukraine and its inflationary effect on prices and the Federal Reserve’s response. While optimism about a possible peace deal…
DALLAS (AP) — President Joe Biden is again dipping into the nation’s petroleum stockpile to try to corral rising energy prices. The White House announced Thursday that Biden ordered the daily release of 1 million barrels of oil from the strategic petroleum reserve for the next six months. Biden will also ask Congress to penalize…
By Huw Jones and Tom Wilson LONDON (Reuters) -European Union lawmakers backed new safeguards for tracing transfers of bitcoin and other cryptocurrencies on Thursday, in the latest sign that regulators are tightening up on the freewheeling sector. Two committees in the European Parliament jointly voted by 93 in favour and 14 against on cross-party compromises…
HAMBURG (Reuters) -Audi and Porsche owner Volkswagen is likely to give the green light for the two brands to make their entry into motor racing’s Formula One at a meeting next week, two sources familiar with the matter said on Thursday. “We will hopefully be able to communicate our intention to enter into Formula One…
BILLINGS, Mont. (AP) — U.S. officials on Thursday adopted a rule aimed at reducing deaths and environmental damage from oil and gas pipeline ruptures — a long-delayed response to fatal explosions and massive spills that have occurred over decades in California, Michigan, New Jersey and other states. But safety advocates said the move by the…
By Alexandra Alper and Timothy Gardner WASHINGTON (Reuters) -President Joe Biden on Thursday launched the largest release ever from the U.S. emergency oil reserve and challenged oil companies to drill more in an attempt to bring down gasoline prices that have soared during Russia’s war with Ukraine. Starting in May, the United States will release…
STOCKHOLM (Reuters) – Finnish network equipment maker Nokia said on Thursday it had launched a legal challenge to a decision by the Romanian government to exclude it from selling 5G technology in the country. Last year, Romania’s centrist government approved a United States-backed bill that effectively barred China’s Huawei from taking part in its 5G…
