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…
(Reuters) – U.S. stock indexes opened lower on Wednesday as oil prices rose and megacap shares fell, while investors assessed the outlook for U.S. interest rates following calls from policymakers for bigger increases. The Dow Jones Industrial Average fell 58.62 points, or 0.17%, at the open to 34,748.84. The S&P 500 opened lower by 18.51…
(Reuters) -The Russian central bank said on Wednesday that some stock market trading would resume on Thursday after a near month-long hiatus, with 33 securities to be traded on the Moscow Exchange for a limited time and with short selling banned. Trading in blue chips, including state lenders Sberbank and VTB and energy majors Rosneft…
BRUSSELS (AP) — The European Union is looking to the United States to help reduce its reliance on Russian energy and will be discussing major shipments of liquefied natural gas over the next two years during a meeting with President Joe Biden on Thursday. EU Commission President Ursula von der Leyen told EU lawmakers Wednesday…
WASHINGTON (AP) — Federal Reserve Chair Jerome Powell said new forms of digital money such as cryptocurrencies and stablecoins present risks to the U.S. financial system and will require new rules to protect consumers. Powell, speaking Wednesday on a panel organized by the Bank for International Settlements, a global organization of central bankers, also said…
