By Davide Barbuscia NEW YORK (Reuters) – The U.S. Treasury yield curve is increasingly pointing to the risk of an approaching recession, with markets clearly doubting the U.S. Federal Reserve’s plan to engineer a “soft landing” for the economy as it hikes interest rates to fight inflation. The yield gap between 10-year and two-year Treasuries…
By Chuck Mikolajczak NEW YORK (Reuters) – The dollar was little changed versus a basket of major currencies on Monday, as investors looked toward comments from U.S. Federal Reserve Chair Jerome Powell and from a host of other Fed policymakers this week for insight on monetary policy. The greenback had been fluctuating between slight gains…
LONDON (AP) — Nazanin Zaghari-Ratcliffe said Monday that memories of her daughter helped sustain her through almost six years of captivity in Iran as she appealed for the release of fellow hostage Morad Tahbaz, who was left out of the deal that brought her home. Zaghari-Ratcliffe, who was released last week after the U.K. settled…
SAN FRANCISCO (AP) — More than 500 workers at a Chevron Corp. refinery in the San Francisco Bay Area went on strike early Monday over safety concerns and to demand a salary increase to keep up with inflation and the area’s high cost of living. The strike affecting the refinery in the city of Richmond…
(Reuters) – Shares of U.S. planemaker Boeing Co and its suppliers fell on Monday as a 737-800 aircraft of China Eastern Airlines, with 132 people on board, crashed in the mountains of southern China. The plane crashed after a sudden descent from cruising altitude. Media reported that rescue workers had found no sign of survivors….
SILVER SPRING, Md. (AP) — Nielsen shares tumbled 16% at the opening bell Monday after the TV ratings and marketing data company rejected a $9 billion takeover bid from a group of private equity firms. Nielsen said that the offer of $25.40 per share “significantly undervalues” the New York City company. It said late Sunday…
LONDON (Reuters) – Russia is due to make another dollar-denominated payment to bondholders on Monday after last week defying fears it might not be able or willing to do so, following Western countries’ unprecedented sanctions over Moscow’s actions in Ukraine. Paying external holders last week means Russia swerved its first default, for now, since a…
By Scott Murdoch and Valentina Za SYDNEY/MILAN (Reuters) -Italian luxury yacht maker Ferretti Group launched a Hong Kong initial public offering on Monday that values the company at up to $1.2 billion, a term sheet seen by Reuters showed, going ahead despite volatility in global equity markets. Ferretti, whose customers include British fashion designer Jimmy…
By Ann Saphir (Reuters) -Atlanta Federal Reserve Bank President Raphael Bostic said Monday he has penciled in a total of six interest rate hikes this year and two for 2023, fewer than most of his colleagues as he worries about the effects of Russia’s invasion of Ukraine on the U.S. economy. “Getting the high rates…
BERLIN (AP) — A union has called on security staff at eight German airports, including Frankfurt, to walk off their jobs all day Tuesday in a pay dispute. Monday’s call by the ver.di union sets the stage for another round of disruption after walkouts at several airports last week. Ver.di called private security staff out…
