By Chibuike Oguh NEW YORK (Reuters) – Main Wall Street stock indexes and U.S. Treasury yields rose on Wednesday after the U.S. Federal Reserve hiked interest rates and laid out an aggressive plan for further increases to combat inflation. In a widely expected move, the Fed announced a quarter percentage point increase in the overnight…
By Tetsushi Kajimoto TOKYO (Reuters) – Nearly 70% of Japanese firms expect the fall-out from the crisis in Ukraine to hurt earnings, a Reuters poll showed, with a majority of those citing a surge in oil prices as their primary concern. The latest Reuters Corporate survey highlighted the likelihood of more pain ahead for companies…
By David Shepardson WASHINGTON (Reuters) – The U.S. Federal Communications Commission (FCC) on Wednesday voted to revoke the authorization for Chinese telecom Pacific Networks and its wholly owned subsidiary ComNet to provide U.S. telecommunications services. The 4-0 vote to revoke the authority that had been granted in 2001 is the latest move by the American…
(Refiles to correct spelling in second sub-head) By Arathy Somasekhar HOUSTON (Reuters) -At least 10 vessels carrying Russia-linked cargoes of crude and refined products were approaching the United States on Wednesday, as suppliers rushed to deliver ahead of the U.S. government’s deadline to wind down Russian energy purchases, data from traders and Refinitiv Eikon showed….
(Reuters) -The Russian rouble rose against the dollar in Moscow and offshore trading on Wednesday, although volumes remained thin and other Russian assets continued to be un-tradable. Bombs rained down on Ukrainian cities despite talk of compromise from both Moscow and Kyiv in peace negotiations, three weeks after the start of the Russian invasion. Market…
(Reuters) – U.S. homebuilder Lennar Corp posted a 49.7% fall in quarterly profit on Wednesday, as stressed supply chain and shortage of raw materials weighed on deliveries of homes. Home sales were limited by continuing supply chain disruptions and soaring cost of raw materials such as lumber, with rising mortgage rates adding to the drag….
By Geert De Clercq PARIS (Reuters) – France will end government subsidies for the installation of new residential gas heaters and boost support for renewable energy heating in a bid to further reduce reliance on Russian fossil fuel exports, the environment minister said on Wednesday. As part of a government “resilience plan” aimed at helping…
A leading aircraft-leasing company with planes stuck in Russia says it is making progress toward getting the aircraft back, which was complicated this week when Russia took steps to keep planes owned by foreign entities. “There has been a great deal of cooperation in recovery of aircraft, return of aircraft, and we are making good…
WASHINGTON (AP) — Americans who have long enjoyed the benefits of historically low interest rates will have to adapt to a very different environment as the Federal Reserve embarks on what’s likely to be a prolonged period of rate hikes to fight inflation. Record-low mortgage rates below 3%, reached last year, are already gone. Credit…
NEW YORK (Reuters) – The Federal Reserve on Wednesday raised interest rates by a quarter of a percentage point and projected its policy rate would hit a range between 1.75% and 2% by year’s end in a newly aggressive stance against inflation that will push borrowing costs to restrictive levels in 2023. In a new…
